Quantitative Services Summer Intern - Graduate Level

Title: Quantitative Services Summer Internship

Location: Boston, MA

London Stock Exchange Group (LSEG) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years.

Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG's ticker symbol is LSEG.

Quantitative Services Summer Internship

Programme starts June 2025

Duration: 12 Weeks

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. Our internships are actual roles within LSEG. 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.

To be eligible, you must be in your penultimate year of graduate study and due to complete your degree on or before summer 2026. You should have a predicted PhD or master's degree in Math, Physics, Financial Engineering or other quantitative fields.

Internship Summary

The Quantitative Services team is responsible for the development of ORE, its dependent services, and implementations of ORE in major financial institutions to deliver transparent, state-of-the-art risk management.

The successful candidate will work as part of a team of Quants to develop solutions for our risk analytics services.

Examples of projects include:

• Contribute to the development of Open-Source Risk Engine (ORE).

• Contribute to the infrastructure of the IM Risk Generation (IMRG) service.

• Translate client portfolios into ORE XML format.

• Utilize ORE to calculate risk (VaR, SIMM, etc.) on client portfolios.

• Work alongside cross-functional collateral management and risk-teams to collaborate and create financial applications.

Desired Skills:

• Interest in Quantitative Finance

• Proficiency in Python and C++

• Familiarity with Git, LaTeX

• Having functional knowledge on stochastic models/SDEs, e.g. Ornstein-Uhlenbeck/Hull-White model, Black-Scholes model, etc.

• Knowledge of financial derivatives and related risks

• Ability to manage tasks and meet deadlines

Applications Close: 27 November. However, we recommend an early application because we consider candidates on a rolling basis. Depending on the volume of applications, we may close the application process earlier.

• The first stage of the recruitment process involves a review of your CV/application.

• Should you pass the initial screening stage, we will invite you to complete an online quantitative skills assessment.

• The final step is a virtual interview where we will gain a deeper understanding of your motivations for the role and assess your understanding of some of our key competencies, including mathematical and programming knowledge.

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. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

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

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.

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.