Aticles of the week:





 


  • Position: Quantitative Analyst Internship (Summer 2017, Full Time) in PGI Fixed Income
  • Description: Principal will host 200 interns across various business units and teams. You will meet with senior executives, gain career direction, and contribute to work that helps our customers live their best lives - all at a Fortune 500 company who invests in your personal and professional development. Principal offers multiple opportunities to gain experience, make connections, and provide fast-tracked opportunities to learn our business from the inside out.
  • Internship Responsibilities: You will be on small team working with experienced professionals specializing in Fixed Income investment strategies for Principal’s portfolio. You will have the chance to develop and use technical skills to produce quantitative research and calculations in order to help portfolio managers (PMs) make investment decisions. You will also have the opportunity to work with an information technology team member on reporting and technical enhancements. Your team will provide weekly guidance on how to apply professional standards that relate to quantitative research and investment strategies. Projects and responsibilities vary based on business need, but here are a few examples of what the team hopes to accomplish over the summer:
    • Portfolio report creation/enhancement using new Microsoft tools recently rolled out to the team
    • Analyzing asset statistics (key rate by quality, term structure asset class) and producing reports on changes
    • Regression analysis of key economic indicators with forward looking corporate spread
    • A more specific example could include - taking 20 companies data, aggregate it and help the PM know Value at Risk across portfolios
  • Required Skills
    • A major in actuarial science, mathematics, statistics, finance, data analytics or directly related field is required. A computer science major with an interest in front-end data analytics and investments will also be considered.
    • Intermediate Excel proficiency.
    • Strong analytical, problem-solving and effective communication skills are required – including the ability to communicate and consult on complex analytical topics to a non-technical audience.
    • Candidates must be able to balance collaborative and independent work. We also want candidates who are up for a challenge, creative problem-solvers, inquisitive, and are ready to meet and exceed high expectations.
  • Preferences
    • Advanced working knowledge of Excel (ex. VBA/macros, etc) and database software (ex. Microsoft Cube, SAS, MATLAB, R, etc) is strongly preferred.
    • Exposure to or working knowledge of Bloomberg.
    • Candidates should demonstrate the desire and ability to develop into formal or technical business leaders so be sure you include examples of informal and/or formal leadership on your resume.
    • General to advanced understanding of the asset management industry and investments through course work, student organizations, or work experiences is a plus.
  • If interested, e-mail your résumé to Prof. Rick Long at rick.long@drake.edu as soon as you can; Prof. Long will forward your résumé to the PGI recruiting department.
  • Date Posted: March 20, 2017
 



Spring 2017 Speaker and Film Series

All events are free and open to the public

Tuesday, February 7: Li Yang
Topic: China's Economic Miracle: Exploring Past Successses and Future Prospects
Location: Sussman Theater
Time: 7-8:30 p.m.

Li Yang is a visiting Fulbright Scholar in Drake’s CBPA. She an associate professor in the School of International Trade and Economics at the University of International Business and Economics in Beijing, China. Her areas of research and expertise include World Trade Organization law, international trade policies and logistics. She teaches on the Chinese economy and WTO rules and has a PhD in Economics.

Monday, February 13: Consul General Xhavit Gashi (Kosovo)
Topic: Iowa and Kosovo: The Importance of Partnerships in State Building
Location: Sussman Theater
Time: 7-8:30 p.m.

Consul General Gashi serves at the Consulate of the Republic of Kosovo in Des Moines, Iowa. He served as the first ever Kosovo Security Force Attaché to the United States. He retired from the military as a Brigadier General after completing almost 20 years of service. He was Senior Officer in the Kosovo Security Force (KSF), with a proven academic record and more than 10 years of experience in security sector reform. As Chief of Cabinet for the Commander of the Kosovo Protection Corps (KPC), he was intimately involved in Force Development projects linked to the Comprehensive Proposal for the Kosovo Status Settlement and the creation of the KSF. General Gashi was directly involved in the ISSR process in Kosovo and a representative of KPC in the ISSR Secretariat. He also was an active member of NATO Operational Planning Team Workshops. He served in a lead role in Working Groups on the Dissolution of KPC and the establishment of the future Kosovo. He previously served as Director of Security Cooperation Department working with Euro-Atlantic partners on bilateral security development and capacity building programs. As a key member of the Minister for KSF and Commander of KSF’s immediate staffs, he contributed to a wide range of conceptual and doctrinal development to support the KSF Vision. He was also a member of the Kosovo Liberation Army.

Feb. 14: Minkyu Sung, PhD
Topic: The Rhetoric of “Eat-ins”: The Body in Pain in Post-Sewol Ferry Liberal Democratic South Korea
Location: Medbury Honors Lounge
Time: 1 p.m.


Sung is an Associate Professor of Communication Studies at Ulsan National Institute of Science and Technology in South Korea. Sung will explore the way in which rhetorical sufficiency of the body in pain is problematized. The Sewol ferry sinking disaster killed 299 passengers and 10 crew members in South Korean. Ultra-conservatives mocked the bereaved Sewol families' hunger strikes asking the South Korean government to enact a special law to thoroughly investigate by binge-eating pizza, fried chicken, etc. This one-day binge-eating spree in public caused an intense controversy about the ethics of mourning for tragedies that critics believe should be empathized among the community members. See http://minkyusung.unist.ac.kr/ for more information on the guest speaker.

Tuesday, March 21: Sheila Smith
Topic: Challenges and Opportunities for U.S.-Japan Relations Under the New Trump Administration
Location: Sussman Theater, Olmsted Center
Time: 7-8:30 p.m.

Sheila Smith is Director, Japan Studies Program, Council on Foreign Relations, and author of Intimate Rivals: Japanese Domestic Politics and a Rising China (Columbia University Press, 2015) and Japan's New Politics and the U.S.-Japan Alliance (Council on Foreign Relations, June 2014). She is currently researching how geostrategic change in Asia is shaping Japan's strategic choices and working on a new project on Northeast Asian Nationalisms and Alliance Management; a contributor to CFR.org; and writer on CFR’s Asia Unbound.

Thursday, March 23, Harvest of Grief film, also part of the Engaged Citizen documentary series; featuring an introduction by Rekha Basu, daughter of film-maker Rasil Basu
Location: Olin 101
Time: 7-8:30 p.m.

The north Indian state of Punjab was once a land of plenty, considered the breadbasket of the nation. Since the mid-1990s, however, unable to bear the burden of escalating agricultural costs, declining soil fertility, dwindling yields and mounting debt, small and marginal farmers are killing themselves. The government’s official figures put the suicide count in Punjab to date at a little over 2,000. However, experts put the number well over 40,000 in 20 years. As the suicide rate mounts, policy-makers fail to alleviate the plight of the debt-ridden small and marginal farmers and, more broadly, to rescue agriculture from the clutches of moneylenders and big industry.

Mounting male suicides have also had traumatic consequences for women. As a result of the farming community’s patriarchal structure, women are ill-equipped to cope with the abrupt and violent loss of the male breadwinners and the challenges and responsibilities that confront them. Often farms are confiscated because of women’s inability to repay high-interest loans. Widows, who become the sole breadwinners, are harassed by money lenders. Children suffer by being forced to leave school and work at early ages.

Harvest of Grief, a 66-minute documentary, chronicles the victims' untold stories. It is shot in four villages in Sangrur, a relatively poor district of Punjab. The film touches upon the human and social cost of "solutions" to hunger such as the Green Revolution. It explores the severe agricultural crisis caused by economic liberalization, globalization, and the myopic business strategies of profit-seeking multinational corporations.

Monday, March 27: Panel on the Trump Presidency and U.S. Foreign Policy
Panelists: Ambassador Ronald McMullen, Professors Mary McCathy and Kieran Williams; Moderator Professor David Skidmore
Location: Sussman Theater
Time: 7-8:30 p.m.

Ron McMullen, currently the University of Iowa’s Ambassador in Residence, served as U.S. Ambassador to the State of Eritrea. McMullen has over 30 years of diplomatic experience and has lived, worked, or traveled in 105 countries. In Burma he worked closely with Nobel Peace laureate Aung San Suu Kyi and pro-democracy groups. While posted in Fiji he helped prevent civil conflict after an armed takeover of parliament. He was shot at during a riot in Sri Lanka and helped train mongooses to detect heroin. He survived a voodoo curse in the Dominican Republic and took Hillary Clinton on a tour of South Africa’s Robben Island with Nelson Mandela. Between foreign assignments, McMullen served as a Visiting Professor at the Military Academy at West Point, where he taught International Relations and Comparative Politics, and was Diplomat-In-Residence at the University of Texas at Austin. He has authored a number of scholarly works and is a three-time recipient of the State Department’s Superior Honor Award. In 2015 he received the University of Iowa’s Honors Program Teaching Award. A native of Northwood, Iowa, and a graduate of Drake University, he earned his PhD in political science from the University of Iowa.

Mary M. McCarthy is an associate professor of politics and international relations at Drake University. She specializes in Japan’s domestic and foreign policies and has published on topics including the Japanese media and cooperation and conflict between Japan and China in the East China Sea. She is also the editor of the forthcoming Routledge Handbook on Japanese Foreign Policy. Her current research examines the historical legacies of the Asia-Pacific War on Japan’s foreign relations. Dr. McCarthy is a Mansfield Foundation US-Japan Network for the Future Scholar and was a 2014 Japan Studies Resident Fellow at the East-West Center in Washington, DC. She received her BA in East Asian studies and her PhD in political science from Columbia University.

Kieran Williams is a visiting professor in the Department of Political Science at Drake University. Previously he taught for nine years at University College London's School of Slavonic and East European Studies, where he was an associate professor in politics and a frequent consultant to the UK Foreign Office. He received his A.B. from Princeton and D.Phil from Oxford. His most recent book is a biography of the Czech writer and statesman Václav Havel, published by Reaktion Books in the UK and distributed in the U.S. by the University of Chicago Press.

Wednesday, April 5: Nelson Institute Conference - Ambassador Stephen Rapp
Topic: Bringing War Crimes Perpetrators to Justice
Location: Sussman Theater
Time: 7-8:30 p.m.

Tuesday, April 11: Globalization, Technological Change and the Rise of Populist Politics
Panelists: Jim McCaughon, David Skidmore ...
Location: Sussman Theater, Olmsted Center
Time: 7-8:30 p.m.



Finance, economics and accounting students: Would you enjoy the excitement and rewards of managing assets on a global scale? Do you see yourself as a future business leader? Would you like to network with experts in the field? And put yourself on the inside track to internships and career opportunities? Principal earned the top spot in its category in Pensions & Investments’ annual survey of the Best Places to Work in Money Management in 2015 and they are looking for emerging, dynamic talent to grow with them.

This July, Principal will host the annual Women in Asset Management Conference in its corporate headquarters in Des Moines, IA. This opportunity gives high performing women a chance to further develop their career skills with a global asset management company and have a personal mentor from a FORTUNE 500 company – all while having a little fun too.

Why should you attend?

  • Build relationships with investment professionals and student leaders from across America
  • Get an inside look at a global investment company
  • Meet your personal Principal mentor, who will provide you with ongoing support and advice
  • Learn about global markets and the latest investment technology
  • Win money to apply to your college tuition
  • Put yourself on the inside track for awesome internships and potential career opportunities

Qualifications: To be selected for attendance, you must

  • Have a major in finance, economics, accounting or a related field at the undergraduate or graduate level
  • Be at least a sophomore by credit
  • Maintain a 3.0 GPA or higher
  • Be involved in extracurricular activities and demonstrate leadership
  • Have a strong interest in asset management

Note: Scholarship funds must be used towards educational expenses for the following academic year. Meals and hotel are provided. A travel allowance is available if you’re coming from 60 or more miles away.

For more information, contact Ms. Abigail Weatherwax at weatherwax.abigail@principal.com. If interested, apply at https://secure05.principal.com/hr/recruiting/ext/jobDetailLink.faces?seqid=1&jid=220221, or www.principal.com/about-us/careers (Requisition Number:220221).



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