2027 Quantitative Strategies Summer Internship at Pretium

Position/Title: 2027 Summer Intern – Quantitative Strategies

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $70 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney.

Position

We are seeking a 2027 Summer Intern to join the Quantitative Strategies team in our New York office. This position will be part of Pretium’s eight-week Summer Internship Program.

Our program includes formal PowerPoint, Excel, and AI training as well as other learning programs, and the internship will provide a unique experience and invaluable look into a rapidly growing asset manager, working with industry leaders on meaningful projects. Interns will have the opportunity to make significant professional contributions while developing expertise in a dynamic team environment.

Key Responsibilities

Interns will have the opportunity to work alongside experienced quants and traders in residential credit trading. Key responsibilities include:

• Supporting the Quant Strategy team in developing pricing, statistical, and machine learning models and analyzing large datasets.
• Developing statistical and deep learning models to predict prepayments and defaults across portfolios of mortgage loans and securities.
• Developing AI-driven processes to extract insights from large collateral performance datasets and various unstructured datasets.
• Assisting in the development and enhancement of quantitative models, analytical tools, and pricing infrastructure

Requirements

• Candidate must be enrolled in a Ph.D. and/or graduate programs in Computer Science, Statistics and related STEM areas program.
• GPA 3.4 or above required
• Interns will get unique opportunities to work alongside seasoned quants and traders in area of residential credit trading. Work will involve:
• Helping Quant Strategy team in developing pricing models, statistical and ML models, developing analytical infrastructure and analyzing big data.
• Developing statistical and deep learning predictive models for estimation of prepayment and defaults in portfolio of mortgage loans and securities
• Developing AI based processes to mine big data sets and unstructured information
• Assisting in development of quant models and pricing infrastructure

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment where people enjoy working together.

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

Compensation for this role for a candidate in New York City is expected to be paid at an hourly rate of $75.00.