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Quantitative Investment Research Co-op - Equities

Ameriprise FinancialAdded 1h ago

Boston, MassachusettsInternship

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Quick summaryby newgrad.ai

What you'll do

  • Track performance metrics and contribute to ongoing reporting on factors and models
  • Share findings with colleagues and key decision-makers
  • Prepare and clean large datasets for analysis and modeling
  • Use machine learning and generative AI to identify investment opportunities
  • Partner with research, data, and technology teams on systematic equity initiatives

What they're looking for

  • Pursuing degree in Statistics, Applied Mathematics, Quantitative Finance, Economics, Computer Science, or similar
  • Expected graduation December 2027 or May/June 2028
  • Experience coding in R, Python, SQL, or equivalent languages
  • Strong analytical mindset with excellent communication and presentation abilities

Pay and perks

  • $32.75 per hour
  • Vacation, sick leave, 401(k), health, dental, and life insurance

About Our Company

Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses.

We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.

Job Description

Please note that applications will be assessed on a rolling basis. Due to anticipated interest, the role may close earlier than the stated deadline. We recommend submitting your application promptly. The advertised closing date is October 3, 2026.

At Ameriprise Financial, Columbia Threadneedle Investments, and RiverSource, we're committed to helping early-career talent grow through meaningful work and practical learning. Whether you're joining us as an Intern or Leadership Development Program participant, you'll work alongside experienced colleagues, contribute fresh perspectives, and gain exposure to the people, projects, and experiences that drive our business forward.

Guided by our values of excellence in all we do and respect for individuals and our communities, participants will have opportunities to connect with Executive Leadership through our ELT Speaker Series, gaining insights from senior leaders across the business, while also making a positive impact through our annual volunteering day.

This is an exciting opportunity to develop your skills, expand your network, and explore what's possible across a global financial services organization.

About the Role

As a Quantitative Equity Research Co-op, you will work with researchers and portfolio managers supporting systematic equity strategies. You will apply quantitative analysis, technology, and creativity to research investment ideas, develop stock selection signals, and support portfolio implementation.

This six-month co-op provides hands-on experience across the quantitative investment process and the opportunity to contribute directly to active research initiatives on a team of seven investment professionals.

Key Responsibilities

  • Monitor and analyze factor and model performance and contribute to regular performance reporting
  • Present research findings to team members and key stakeholders
  • Collaborate with investment teams, data science, and technology partners to support research initiatives
  • Work independently on impactful research and development projects.
  • Pre-process large data sets for signal processing and model estimation, including validation, cleaning, normalization, dimension reduction and visualization.
  • Apply innovative techniques such as machine learning and generative artificial intelligence to uncover differentiated investment signals and enrich our stock selection models.
  • Contribute to the team's development of advanced investment analytics.
  • Work with portfolio managers to analyze market dynamics and their impact on factor behavior and portfolio performance.

Required Qualifications

  • Pursuing a bachelor's degree in Statistics, Applied Mathematics, Quantitative, finance, Economics, Computer Science, Business, or related field
  • Graduation date of December 2027 or May/June 2028
  • Passionate about the investment management industry and dedication to being a part of a successful team.

Preferred Qualifications

  • Proficient programming skills in R, Python, SQL, or similar
  • High degree of self-motivation with strong integrity and ethics
  • Attention to detail
  • Excellent communication, interpersonal, and presentation skills
  • Ability to multi-task, problem solve independently and think creatively
  • Proven organization skills and ability to manage time effectively
  • Experience with large dataset manipulation and statistical analysis

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Base Pay Salary: The estimated hourly rate for this role is $32.75 per hour. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurance.

Full-Time/Part-Time: Full time

Exempt/Non-Exempt: Non-Exempt

Job Family Group: Human Capital

Line of Business: AMINV US Asset Management

Columbia Threadneedle is a people business, and we recognise that our success is due to our talented people, who bring diversity of thought, complementary skills and capabilities. We are committed to fostering an inclusive and performance-based culture where everyone can belong, grow, contribute and realise their potential.

Columbia Threadneedle is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.

We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

From Ameriprise Financial's public posting, laid out for reading by newgrad.ai with the wording unchanged. Check the original before you apply.

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