Internship: Portfolio Management (m/f/d)

About the position

To strengthen and expand our Portfolio Management team in Frankfurt or Munich, we are looking for an ambitious and motivated intern (m/f/d) to join us as soon as possible. In this role, you will collaborate closely with portfolio managers, quantitative researchers, machine learning experts, and software engineers, and actively support the management of our mutual funds and institutional mandates. You will help translate AI-driven stock selection and allocation signals into investable, risk-controlled portfolios, while ensuring compliance with regulatory, contractual, and operational requirements. Expect a hands-on role with real impact on the future of our AI-driven, sustainable investment strategies.

Your Mission

• Manage Mutual Funds and Institutional Mandates: Support the team in the day-to-day management of funds based on machine-learning-driven stock selection and allocation signals, including order preparation, rebalancing, and execution follow-up.
• Risk Management and Compliance: Contribute to the monitoring of statutory and contractual investment limits as well as client-specific restrictions. Analyze limit breaches and help define appropriate remediation actions.
• Process Enhancement and Automation: Help improve and automate existing portfolio management processes and systems — from signal processing and order logic to reporting workflows.
• Performance and Market Analysis: Contribute to the daily preparation of market and performance updates, and help analyze discrepancies between realized and expected portfolio performance.
• Fund Reporting: Support the preparation of monthly fund reports for internal and external stakeholders, including performance, risk, and attribution analytics.
• Research and Innovation: Participate in focused research projects around portfolio construction, transaction costs, trade timing, and adaptive rebalancing strategies that respond to evolving market regimes.
• Collaborate and Communicate: Work closely with portfolio management, research, trading, and software engineering. Clearly present analytical findings to both technical and non-technical stakeholders.

Your Skillset

To thrive in this role, you ideally bring:

• A degree in a quantitative or business-related field (e.g., Business Administration, Economics, Finance, Mathematics, Physics, Financial Engineering, Statistics, or Computer Science).
• Initial practical experience from internships or working-student roles in Portfolio Management, Asset Management, or Trading, particularly in the equity asset class.
• Solid Python skills and excellent use of MS Office.
• Strong analytical and logical skills, a quick grasp of new concepts, and an independent, precise way of working.
• High level of commitment, resilience under pressure, strong team spirit, and a confident presence.
• Excellent communication skills in both German and English.
• A keen interest in financial markets, quantitative investment processes, and sustainable investing.

Why us?

• An exciting and hands-on role with real impact on shaping the future of AI-driven, sustainable investment strategies.
• A collaborative company culture focused on quality, openness, and attention to detail in all areas of our work.
• The opportunity to work in an interdisciplinary team alongside experienced professionals in quantitative finance, portfolio management, software engineering, and machine learning.
• A modern office in the heart of Frankfurt or Munich, high-end Apple hardware, and a welcoming working atmosphere.
• An attractive compensation package as well as corporate benefits.
• Internal workshops, unique learning opportunities across a wide range of domains, and fantastic team events.

About usWe are a deep tech pioneer, providing AI-based investment solutions to our clients. Building on the best practices of quantitative asset management we tap the potential of machine learning for sustainable investments on capital market.
Our interdisciplinary team consists of experts in the fields of finance, computer science, software engineering, machine learning as well as mathematics, physics, and neuroscience. Ultramarin is embedded in the global AI community, through a close exchange with leading universities and as a member of Inquire Europe.
To date Ultramarin is one of the leading drivers for AI-based analyses and decision-making processes in asset management. Ultramarin has been founded in 2017, is headquartered in Berlin, with additional locations in Frankfurt and Munich, and is backed by leading international business angels and VCs.

Standort

Ultramarin GmbH, Frankfurt