2027 Quant Masters Summer Programme - London

Please note: you can only make one application per recruitment year; duplicate profiles will not be reviewed.

Recruitment Timeline

• Start date: June 2027
• Location: London office
• Application deadline: 15 November 2026

As we will recruit for this program on a rolling basis, there may be a delay in screening; however, we will endeavor to get back to all applicants regarding the outcome of their application in a timely manner.

About Us

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

What You Can Expect

Jefferies 10-week Summer Interns have the opportunity to gain insight into a global, client-focused investment bank and experience an entrepreneurial environment where employees can make an immediate impact and are rewarded for performance. You will be exposed to Jefferies’ full range of products and leading industry expertise.

Our lean team structure provides unparalleled hands-on experience and helps you develop lasting personal and professional relationships with peers and senior professionals that can serve as the foundation for a successful career.

Following an enriching orientation program, interns begin working on day-to-day responsibilities with support from colleagues serving as instructors and mentors throughout the internship program.

Interns receive formal performance reviews. In addition to projects incorporating research, analysis, and recommendations, interns are challenged to think creatively, offer their input, and add value to the team from day one.

As with everyone at Jefferies, interns are expected to pursue their projects with excellence, a collaborative spirit, and the highest levels of integrity.

What We Look For

We look for candidates eager to make an impact to our clients through real, hands-on work. Successful Jefferies interns can multitask and manage a variety of projects simultaneously.

Candidates must demonstrate professionalism and relationship management skills, along with strong technical, written, and verbal communication skills. The work is fast-paced, challenging, and intellectually stimulating. The ability to work under pressure and tight deadlines, be adaptable, and work both independently and as part of a team are essential traits.

Qualifications

Candidates should have a strong academic background and be pursuing a Master’s degree or equivalent program.

Desired Background and Skills

• Master’s degree in Finance, Economics, Statistics, Mathematics, Computer Science, Financial Engineering, Engineering, Data Science, or a related field
• Anticipated graduation between December 2027 and June 2028
• Proficiency in Python, SQL, databases, system implementation, and Microsoft Office (Word, Excel, PowerPoint)
• Knowledge of financial markets
• Excellent analytical and quantitative skills, with strong attention to detail
• Excellent verbal and written communication skills, with ability to convey complex information clearly
• Ability to multitask, manage time effectively, prioritize tasks, and perform under pressure
• Excellent interpersonal skills and emotional intelligence
• Team player who excels at working independently and as part of a team

Opportunities with Risk Management

The Jefferies Risk Management Department is responsible for independent risk oversight and analysis for the firm by identifying, assessing, monitoring, and managing risk. Main responsibilities include:

• Establishing and implementing the risk management framework, policies and procedures, and controls
• Establishing and implementing the firmwide risk appetite framework and statements aligned with the firm’s strategic business and financial plans
• Identifying and assessing financial and non-financial risks, including existing risks from business activities, emerging risks from changes in external conditions, and risks from new business strategies, initiatives, and products introduced through the New Business Process
• Measuring current and potential risks using quantitative and qualitative methodologies, and monitoring risks through key risk metrics
• Establishing limit frameworks, monitoring limit utilization against key risk metrics, and ensuring compliance with limits
• Reporting risk exposures, limit utilizations of key risk metrics, and escalating risk concerns and limit breaches
• Performing independent reviews and challenges of risk-taking and hedging activities, including deep dives of risk exposures and vulnerability reviews
• Keeping abreast of regulatory developments and requirements

Intern Responsibilities (Market Risk and Quantitative Analytics)

Interns will be involved in market risk or quantitative analytics groups. Responsibilities may include, but are not limited to:

Market Risk

• Establishing and implementing the market risk management framework, policies and procedures, and controls
• Partnering with Business to review business strategy and set market risk appetite and limits accordingly
• Escalating risk concerns and limit breaches
• Identifying market risks from business activities and ensuring they are adequately measured and assessed in risk metrics and methodologies
• Performing independent reviews and challenges of risk-taking and hedging activities, including deep dives and vulnerability reviews

Quantitative Analytics

• Responsible for risk measurement methodologies and implementation, model validation, and the selection, development, and implementation of risk systems and processes
• Supporting both market and credit risk to ensure the firm’s methodology for assessing firm and client risk is consistent, and working across areas of the firm to ensure methodology alignment with the risk group
• Independently reviewing and validating all models used for valuation of the firm’s inventory, ensuring model limitations are well understood and appropriately accounted for

Equal Employment Opportunity and Reasonable Accommodations

Jefferies is committed to building a culture that provides opportunities for all employees regardless of differences and supports a workforce reflective of the communities where we work and live. Employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law.

Jefferies is committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.