Quantitative Risk Intern

Why work at MGIC? Are you someone who wants to play a critical role in our company’s success? Do you enjoy solving puzzles and finding a better way to get things done? Are you someone who likes to Take The Lead and make an impact? If so, then imagine yourself at MGIC. At MGIC we are a team of dedicated professionals on a fearless mission. A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community. #WeAreMGIC What you will be doing: Work amongst a team of quantitative risk analysts that operate the company’s most advanced statistical models Participate in implementation, validation, assessment, monitoring process of multiple stochastic and statistical models for mortgage insurance forecasting Enhance risk and analytical tools Access large mortgage and MI datasets, utilize multiple statistical and machine learning techniques to improve modeling process and provide data-driven solutions Develop advanced dashboards and standardized reports to provide insights Perform modeling, data analytics, data visualization and programming in Python Learn how we model, price and deal with financial risks. Grow professionally through a supportive environment where you will be mentored What we are looking for: Graduate or undergraduate student with a junior or senior standing Preferred major in Data Science, Computer Science or Financial Engineering Working knowledge of Python Experience building data visualization dashboards like Dash, R-Shiny or Tableau Experience with Microsoft Excel Exposure to data query and statistical tools/languages such as SAS, SQL, or similar Finance and Stats knowledge a plus but not required Other Details: Work can be done onsite or remotely Date: During student’s summer break Hours: 37.5 hours a week Monday – Friday. Enjoy these benefits from day one: • Competitive Salary & pay-for-performance bonus • Financial Benefits (401k with company match, profit sharing, HSA, wellness rewards program) • On-site Fitness Center and classes (corporate office) • Paid-time off and paid company holidays • Business casual dress For additional information about MGIC and to apply, please visit our website at www.mgic.com/careers. We are a private mortgage insurer with $286.8 billion primary insurance in force covering approximately one million mortgages (as of June 30, 2022). MGIC provides a critical component of our country’s residential mortgage finance system, protecting mortgage investors from credit losses. Mortgage insurance from MGIC also benefits consumers by making affordable low-down-payment mortgages a reality. Bottom line…We put people into homes sooner! #WeAreMGIC Our headquarters are located in downtown Milwaukee, a place that offers something for everyone with its big-city attractions and small-town atmosphere. MGIC is an nine-time recipient of the Milwaukee Journal Sentinel Top Work Places award. This is an award based on the opinion of our company's greatest asset, our talented and dedicated workforce! We are committed to being an active and positive member of the local Milwaukee community. Along with our co-workers, we support many local initiatives including: • United Way • United Performing Arts Fund • Habitat for Humanity • Junior Achievement • Public Television Channel 10/36 Auction We are proud to be an Equal Opportunity Employer. We maintain a drug-free workplace and perform pre-employment background and substance abuse testing.