JPM Chief Investment Office Internship Question

I saw a listing on my school's job boards for a Global Portfolio Strategy Intern at JPM's Chief Investment Office. It's open to MSc and PhDs in quantitative subjects. Responsibilities include analyzing assets and liabilities of the portfolio, understanding regulatory changes, and evaluating market risk.

What kind of career path would this put you on? Would it be Asset Management or risk management? Or portfolio manager?

How should you write a cover letter for this role?

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