2013 Summer Internship - Investments Risk Group
Allstate - Northbrook, IL

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corporate profile:
The Allstate Corporation

Northbrook, IL

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re in Good Hands with Allstate®” slogan, Allstate helps individuals in more than 17 million households protect what they have today and better prepare for tomorrow through approximately 14,700 exclusive agencies and financial specialists in the United States and Canada. By leveraging Our Shared Vision, Allstate is committed to strong principles of the highest ethical standards and encourages individual accountability. Allstate realizes success through innovative thinking while providing challenging and collaborative work for its 70,000 employees. Allstate demonstrates a commitment to diversity through a variety of ways and continues to identify the requirements for future success since it was founded in 1931.

Allstate Investments, LLC strives to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation.

We work in direct partnership with the leaders of our major lines of business to develop uniquely tailored investment strategies aligned to their needs. Our business model provides the foundation for daily decision-making and effective management of a portfolio comprised of $100 Billion in assets.

The 400 professionals within Allstate Investments, LLC represent a wide variety of disciplines including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivative asset classes as well as accounting, finance and technology. Investment performance for our three major portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. For additional information about Allstate Investments, LLC, visit our website at


The scope of this job is


to provide quantitative support to the Risk Group.

This includes:

Development and validation of models/tools to measure monitor and optimize risks


Perform empirical research on market price behavior, risk indicators and stress signals


Evaluate hedging strategies and carryout macroeconomic analysis.


Required Skills:
Strong quantitative and analytical skills

Significant completed coursework in finance, statistics, computer science,

applied math, economics/econometrics, operations research, and/or physics

Some experience programming in Matlab, Excel/VBA, SQL

Ability to take on quantitative/modeling tasks

Analytical mind, detail oriented.

Computer proficiency as listed below

Experience Required:
Relevant course work

Computer Proficiency:
Knowledge of Microsoft Office required

Knowledge of

MATLAB, VBA, and SQL a strong plus

Rising junior or senior

Major Preference:
Finance & Economics, Statistics, Applied Math, Engineering/OR, Computer Science

Personal Traits & Requirements

The successful candidate must have the following personal and professional attributes which are consistent with the Company’s stated values:


Thrive on change and continuous improvement;


Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;


Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;


Strive for effective communication that results in teamwork, shared knowledge, and ideas;


Contribute to the creation of a work environment where people from diverse cultures and backgrounds work together effectively;


Be of unquestionable integrity, ethical and moral character;


Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;


Demonstrate commitment to lifelong learning and personal development.


Be willing to adhere to the following in order to ensure adherence to Allstate Investments compliance requirements and policies:


Provide the Investments Compliance team with a list of investment accounts over which you have significant influence;


Provide consent, through a signed statement, allowing Investments Compliance to receive duplicate confirmations of transactions in such accounts;


Pre-clear through the Pre-Trade Clearing Process any personal security trades as will be further described upon employment.

The Pre-Trade Clearing Process involves a check against a restricted security/issuer list, maintained by Investments Compliance, based on Allstate Investments’ and Allstate’s activities and dealings in the financial markets,


Answer certain compliance questions regarding any affiliations with investment advisers, violations of state or federal securities laws, or actions taken against you by securities regulators and,


Annually (and as otherwise required) confirm compliance with the Allstate Code of Ethics and the Allstate Investments Code of Conduct.


Provide Investments Compliance with a complete report of their current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership.

An employee is presumed to be a beneficial owner of securities that are held by his or her immediate “family members” sharing the individual’s household. Household family members include married or common-law spouses, domestic partners, partners defined by civil union and resident dependent children.

Compensation And Benefits Package

A competitive compensation package will be provided.

Our customers aren’t the only ones in Good Hands with Allstate!

If you are interested in working for an employer of choice, then look no further.

We offer:
A commitment to


A commitment to our


A commitment to


A commitment to

work-life balance

At Allstate, you will be among the industry’s top talent with an environment that encourages continuing development and growth opportunities

Here what current employees have to say about working at Allstate:




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Allstate - 19 months ago - save job - block
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Allstate celebrates creative problem solving, full engagement and working together to keep all people in Good Hands®. Rooted in...