About the role#
This 10-week summer internship offers direct exposure to institutional FX execution and currency risk management within the Global Fixed Income team. You will work with portfolio managers and analysts to support the investment process, which combines quantitative methods with fundamental analysis. Interns participate in mentorship, networking opportunities, and a final capstone project presented to senior leadership.
What you'll do#
- Conduct macroeconomic and currency research, including analysis of central bank policy, inflation, and capital flows.
- Develop and present internal FX trade ideas and hedging recommendations, including risk and reward framing.
- Track the performance of your ideas throughout the summer.
- Monitor and reconcile currency exposures and support hedging analysis on P&L attribution.
- Collaborate with fixed income and equity trading desks on FX needs and assist the portfolio management team with cash positioning.
- Evaluate current workflows and reporting processes to identify improvements in efficiency and data quality.
- Assist in the onboarding of new FX broker and liquidity provider relationships by coordinating with internal account services and credit teams.
- Support daily liquidity monitoring, including tracking cash flows and portfolio maturity profiles.
What you'll need#
- Current undergraduate student graduating in 2028.
- Consistent academic achievement and previous work experience.
- Strong analytical, problem-solving, and critical-thinking skills with high attention to detail.
- Ability to communicate complex concepts clearly and efficiently.
- Experience with quantitative and fundamental research methods.
- Proficiency in Microsoft Excel and PowerPoint.
- Familiarity with generative AI tools.
- A strong interest in pursuing a career in fixed income investing.
Location & details#
- Location: New York, NY (On-site).
- Term: June 7, 2027, to August 13, 2027.
- Compensation: Pro-rated base annual salary of $90,000.
- This position does not offer visa sponsorship.
About Lazard
Lazard is a financial advisory and asset management firm founded in 1848. It provides advice on mergers and acquisitions, capital markets, restructuring, and geopolitics. The firm serves institutions, corporations, governments, and individuals across North and South America, Europe, the Middle East, Asia, and Australia. It is a public company based in New York with over 5,000 employees.
How to get in at Lazard
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