Intern - Market Risk

Position: Staff Intern - Market Risk
Requisition : 83846

PSEG Company: PSEG Services Corp.

Salary Range: $ 38,100 - $ 57,200

Work Location Category:
Hybrid Fixed

We're one of the country's largest energy companies, with a vision of powering a future where people use energy more efficiently and it's safer and delivered more reliably than ever. We're also deeply connected to the communities we serve, with more than 13,000 employees working together to support our customers and make a difference every day.

Here, you'll have the stability and exciting opportunities that come with being a Fortune 500 company - along with a supportive, friendly work environment where your contributions are valued.

We know life isn't one-size-fits-all, and neither is work. That's why we offer flexible work options depending on the role.

In support of this model, roles have been categorized into one of three work location categories:

1. Onsite - roles where employees are expected to be onsite daily.

2. Hybrid fixed - roles that are a mix of remote work and onsite work fixed days each week

3. Hybrid flexible - roles that are a mix of remote work and onsite work, but the onsite requirements have greater flexibility. (i.e. 5-8 days a month vs. set days each week).

As an employee, if you are regularly scheduled to work 20 or more hours per week, you will have access to a wide range of comprehensive benefits from day one, designed to support your total well-being: medical, dental, vision, parental leave and family leave programs, behavioral health programs, 401(k) with company match, life insurance, tuition reimbursement, and generous paid time off.

More than 13,000 people already call PSEG their work home, taking pride in providing safe, reliable service to millions of customers. If you're looking for a place where you can build a meaningful career and help power and support our communities, we'd love to welcome you to the team.

PSEG is not offering visa sponsorship for this position.

Job Summary

PSEG is looking for a Summer 2026 Market Risk Intern - Market & Trading Operations Risk Department

This job involves working as a(n) market risk intern, to perform middle office functions.

This position will be Hybrid Flexible

Job Responsibilities

Assignments will include working alongside professionals in the following areas:

* Provide analytical, research, and administrative support to the market risk group.

* Design, build, and maintain risk reports, including generation/hedging and various risk reports

* Implement strategic initiatives to support enterprise long term objectives

Job Specific Qualifications

Required education/skills:
The successful incumbent(s) must be actively pursuing a bachelor's or master's degree from an accredited institution in Quantitative, Mathematics, Computational Finance, or similar discipline and graduating between December 2026 and May 2029. Students graduating in May/June 2026 are not eligible unless they are enrolling in a post-graduate degree program in the fall term of 2026. PSEG recognizes institutions of higher education which are accredited by the Council for Higher Education Accreditation or equivalent.

Incumbents must have completed sophopmore level course work for consideration.

Desired

* Familiar with finance theory, option pricing theory, risk management concepts.

* Quantitative programming experience (academic experience OK), especially in Python, Matlab, R, or similar.

All PSEG internship roles are paid at an hourly rate, however there are no medical benefits associated with these positions. Incumbents are expected to work 40 hours per week over the duration of the summer internship. We are targeting currently enrolled/matriculating students that are able to commute to their designated work location as needed. Housing, transportation, and immigration support will not be provided in association with these positions.

Some positions at PSEG require access to information covered by the Department of Energy's regulation 10 CFR 810 (Part 810). If applicable, the successful applicant must prove they are: (1) a citizen or national of the USA; OR (2) a lawful permanent resident of the United States (Non-Conditional Permanent I-551 / Green Card /…