Intern - Quantitative Services

London Stock Exchange Group; Boston (MA); On-site; USD 45,000 - 74,000; Full time

Benefits offered by this job

Annual Wellness Allowance

Paid time-off

Medical

Dental

Vision

Flex Spending & Health Savings Options

Prescription Drug plan

401(K) Savings Plan

Company match

Basic life insurance

Disability benefits

Emergency backup dependent care

Adoption assistance commuter assist

Job summary

London Stock Exchange Group in Boston offers a Quantitative Services Summer Internship Programme within Post Trade Solutions. The intern will work with the Quant team to develop Open-Source Risk Engine (ORE) applications for risk analytics and pricing, contributing to major financial risk services while gaining hands-on experience in a collaborative environment.

Eligibility requires being in penultimate year and expecting a predicted Master’s or PhD in quantitative fields, with Python or C++

Qualifications

• Interest in Quantitative Finance demonstrated through studies, projects or independent work.
• Knowledge of stochastic models/SDEs such as OU/Hull-White/Black-Scholes.
• Able to collaborate and communicate effectively.

Responsibilities

• Contributing to the development of Open-Source Risk Engine (ORE).
• Supporting the infrastructure for the IM Risk Generation (IMRG) service.
• Pricing client portfolios and performing stress-testing and backtesting using ORE.
• Utilizing ORE to calculate risk (VaR, SIMM, etc.) on client portfolios.
• Translating client portfolios into the ORE XML format.
• Collaborating with collateral management and risk teams to build financial applications.

Skills

Python

C++

Git

LaTeX

SDEs

Data analysis

Derivatives pricing

Communication

Education

Master’s degree (predicted)

PhD candidate (predicted)

Tools

Git

LaTeX

Job description

Programme Details

Programme starts: June 2027 Duration: 12 Weeks

About the Internship

Our Quantitative Services Summer Internship Programme has been crafted so that you can understand what a career on the Quantitative Services team of Post Trade Solutions at LSEG would be like. As an intern, you play a part in the success of our organisation. This position is within the Quantitative Services team of the Post Trade Solutions division at LSEG based in Boston. The Quantitative Services team is responsible for the development of ORE, its dependent services, and implementation of ORE in major financial institutions to deliver transparent, state-of-the-art risk management.

To be eligible, you must be in your penultimate year of graduate study and due to complete your degree on or before summer 2028. You should have a predicted PhD or master’s degree in Math, Physics, Financial Engineering or other quantitative fields. The successful candidate will work as part of a team of Quants to develop solutions for our risk analytics services.

Internship Summary

• Contributing to the development of Open-Source Risk Engine (ORE).
• Supporting the infrastructure for the IM Risk Generation (IMRG) service.
• Pricing client portfolios and performing stress-testing and backtesting using ORE.
• Utilizing ORE to calculate risk (VaR, SIMM, etc.) on client portfolios.
• Translating client portfolios into the ORE XML format.
• Collaborating with collateral management and risk teams to build financial applications.

What we are looking for

• Interest in Quantitative Finance, demonstrated through studies, projects or independent work
• A good understanding of at least Python or C++
• Familiarity with Git, LaTex, is ideal but not essential
• Having functional knowledge on stochastic models/SDEs, e.g. Ornstein-Uhlenbeck/Hull-White model, Black-Scholes model, etc.
• Someone who can collaborate with others, using their communication skills in the process.
• A curiosity for data and an ability to analyse information to draw conclusions and propose solutions.
• Knowledge of financial derivatives and pricing techniques, e.g. finite difference, Monte Carlo Simulation, etc.
• Ideal candidates will have the rights to work in USA without restrictions for the duration of the internship programme.
• You will stand out to us if you can demonstrate and recognise that what you achieve is equally important as how you achieve it.

Applications

Applications close: 30th November, we recommend an early application because we consider candidates on a rolling basis and may close applications early.

Recruitment Process

• The first stage of the recruitment process involves making an application and submitting your resume.
• The next stage of the application process is an untimed Immersive Online Assessment. The assessment is designed to give you an insight into what it’s like to work at LSEG.
• The third stage is a video interview where you will answer a series of questions using a strength-based-interview style.
• The final stage is a virtual half day assessment centre which involves several different types of exercises – further information is provided at the point of invite.
• Please note, all our assessment centres are run virtually.

Compensation and Benefits

The anticipated base salary for this position is $44,500 - $74,100. Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Variable Incentive Compensation plan. Target variable compensation will be commensurate with the posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience.

• Annual Wellness Allowance
• Paid time-off
• Medical
• Dental
• Vision
• Flex Spending & Health Savings Options
• Prescription Drug plan
• 401(K) Savings Plan
• Company match
• Basic life insurance
• Disability benefits
• Emergency backup dependent care
• Adoption assistance commuter assistance
• Healthcare
• Retirement planning
• Paid volunteering days
• Wellbeing initiatives

Company Culture and Values

Join us and be part of a team that values innovation, quality, and continuous improvement. LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions. Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. We will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. We are proud to be an equal opportunities employer.

Equal Opportunity Statement

This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

Other Information

We will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering. Our culture of connecting, creating opportunity and delivering excellence shapes how we think, how we do things and how we help our people fulfil their potential. Our Data & Analytics, Capital Markets and Post Trade divisions have a combined power that provides a comprehensive, integrated suite of trusted financial market infrastructure services to help our customers pursue their ambitions. LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across Europe, the Middle East, Africa, North America, Latin America and Asia Pacific.