Intern - Quantitative Services

LSEG; Boston (MA); Hybrid; USD 45,000 - 74,000; Full time

Job summary

London Stock Exchange Group (LSEG) offers a 12-week internship in Boston starting in June 2027. You will contribute to the development of the Open-Source Risk Engine (ORE), and support the infrastructure for the IM Risk Generation service while gaining hands-on experience in quantitative finance.

You will price client portfolios, perform stress-testing and backtesting with ORE, translate positions to the ORE XML format, and collaborate with collateral management and risk teams to build financial

Qualifications

• Interest in Quantitative Finance demonstrated through studies or projects
• A good understanding of at least Python or C++
• Familiarity with Git, LaTeX, is ideal but not essential
• Knowledge of stochastic models/SDEs (e.g., OU, Hull‑White, Black‑Scholes)
• Collaborative mindset with strong communication skills
• Curiosity for data and ability to analyze information to draw conclusions
• Knowledge of derivatives and pricing techniques (finite difference, Monte Carlo)
• Rights to work in USA without restrictions for the duration of the internship

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

Stochastic models

Data analysis

Communication

Quantitative finance

Education

Quantitative Finance studies/projects

Tools

Open-Source Risk Engine (ORE)

XML

Job description

Duration: 12 Weeks

Programme starts: June 2027

Duration: 12 Weeks

Programme starts: June 2027

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 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.

Life at LSEG

We believe hybrid working makes more possible andrecognise difference as a good thing. We want to seteveryone up to bring their best self to work. Everyone will spend time with colleagues in the office (3 days), butyou’ll be trusted to work flexibly, in a way that deliversexcellence.

Career Stage:

Associate

Compensation/Benefits Information:

LSEG is committed to offering competitive 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. LSEG roles (excluding internships and part‑time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.

London Stock Exchange Group (LSEG) Information:

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

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. However, 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. 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.

You 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.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.