Energy Risk & Valuation Intern (Middle Office)

Repsol SA; Houston (TX); On-site; USD 17,000 - 22,000; Full time

Job summary

Repsol is offering an energy internship in the United States focusing on risk analytics, valuation, and automation. You will work with senior traders and analysts, gaining hands-on experience in live projects and risk reporting.

The program emphasizes learning proprietary methods, ETRM systems, and applying AI/ML techniques to energy market problems. Strong math, finance, and coding skills are required; the internship runs May 17 through Aug 6.

Qualifications

• Must be legally authorized to work in the USA for any employer without sponsorship.
• Weighted GPA of 3.3 or higher.
• Currently enrolled student for the Fall 2027 semester.
• Candidates should not have graduated before the start of the internship.
• Active student of finance, economics, mathematics, computer science or similar.
• Solid skills in working with either R or Python or similar.
• Strong interpersonal skills and the ability to think on the fly in a fast-paced environment.
• Challenge the status quo and continuously drive improvement and innovation.
• Students must be available for the full duration of the internship from May 17th - Aug 6th.
• Sophomores, Juniors, Master’s encouraged to apply.

Responsibilities

• Work side by side with senior energy traders and analysts covering gas and power.
• Learn proprietary methodologies, ETRM trade capture, and trading systems.
• Develop an understanding of risk control functions and cross-functional dependencies across Front Office, Back Office, Accounting, Corporate Risk, and Contracts.
• Develop automation and data-processing tools in Python or SQL to build and refine risk, P&L, and KPI reporting.
• Support independent valuation and mark-to-market validation work, gaining hands-on exposure to forward curves, discounting, volatility, and option valuation.
• Apply AI and ML techniques to energy market problems with emphasis on model explainability in risk control.

Skills

R or Python

Interpersonal skills

Education

Finance/Econ/Math/CS student

Job description

Repsol is offering an energy internship in the United States focusing on risk analytics, valuation, and automation. You will work with senior traders and analysts, gaining hands-on experience in live projects and risk reporting.

The program emphasizes learning proprietary methods, ETRM systems, and applying AI/ML techniques to energy market problems. Strong math, finance, and coding skills are required; the internship runs May 17 through Aug 6.