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Investment Risk Management Internship, Summer 2024

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Internship candidates can expect a fulltime onsite internship program, running from May 30, 2024 to August 9, 2024.

Carefully selected from universities across the country, our interns bring distinctive ideas and perspectives to our organization. Our employees are passionate about building our emerging talent and future leaders. After application and initial screening conversation, interns are aligned interview and be hired to a specific team at NM based on their abilities and interests, providing exposure to real-world business perspectives through hands-on learning and meaningful work. In addition to their day-to-day tasks, interns participate in professional development workshops, senior leadership Q&A's, volunteer initiatives, networking/social events, and more!

The Insurable Risk Management Team

The Insurable Risk Management team plays a fundamental role in ensuring Northwestern Mutual remains financially sound, allowing the company to fulfill its promises to policy-owners. The team ensures appropriate and insurance coverage on all transactions related to Northwestern Mutual’s Real Estate and Mortgage Loan investment holdings. Insurable Risk Management regularly collaborates with Investment Accounting, Treasury, Law, Investment Risk Operations, Asset Managers, Closing Specialists, and other key areas surrounding investments.

We have an exciting opportunity for a self-motivated and well-organized student to provide administrative and operational support through assistance with the facets of commercial insurance protection for the Company’s investments, including analysis of coverage, data integrity, reporting, and system maintenance. This includes assisting with document management and retention, special data projects, and day to day involvement in protecting a $45 billion Mortgage Loan portfolio and a $13 billion Real Estate portfolio.

Basic Functions:

  • Working on optimizing data loading/data storage processes, building new or using existing databases
  • Validating fixed income benchmark analytics
  • Driving the implementation of automated solutions for the investment risk models
  • Automating validation of output from investment risk models for integration into the investment risk management decision processes


  • Pursuing a Bachelor’s or Master’s degree in Computer Science, Information Systems, Software Engineering, Data Analyst with strong programming skills and with the interest in Finance (but not required).
  • Strong programming track record as well as database management knowledge (preferably Excel VBA, Python, Java).
  • Desire to learn beyond the school curriculum.
  • High degree of personal initiative, proven ability to work independently, excellent follow-through ability and sense of personal accountability.
  • Strong written and oral communication skills, ability to deal effectively and professionally with people at all levels.

Who we are

Northwestern Mutual has been helping families and businesses achieve financial security for over 160 years through a distinctive planning approach that integrates risk management with wealth accumulation, preservation, and distribution. With more than $290 billion in assets, $30 billion in revenues and more than $1.9 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.6 million clients. People are the power behind Northwestern Mutual, and diversity makes us better. We are committed to reflecting and serving the marketplace. We do so by attracting and improving the engagement of those who bring their outstanding perspectives, ideas, and beliefs. At Northwestern Mutual, people matter. And you’ll be working for a company that’s consistently voted among the “most admired” in the nation. We invite you to explore your career interests with us.

Required Certifications:

Compensation Range:







Pay rates for internships are determined based on academic tenure and major.

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to location-based pay structures.

Build a strong career foundation with a best-in-class company that puts our client’s interests at the center of all we do. Get started now! 

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.


We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.