2027 Risk Management Summer Internship Program – New York

Jefferies Risk Management Summer Internship Program – New York

What You Can Expect

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

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 working on projects that have real impact within the Risk department, interns are challenged to think creatively, offer 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 in a Candidate

We look for candidates who are eager to make an impact to our clients through real, hands-on work. Successful Jefferies interns are able to 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 independently and as part of a team are essential traits of a successful candidate.

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

Desired Background and Skills

• Currently pursuing a Bachelor’s, Master’s, or PhD degree in Finance, Statistics, Mathematics, Computer Science, Financial Engineering, Engineering, Data Science, or a related field.
• Expected graduation between December 2027 and June 2028.
• Proficiency in Python, SQL, databases, and system implementation.
• 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 working both independently and as part of a team.

Work With Us – 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.

Key responsibilities include:

• Establishing and implementing the risk management framework, policies and procedures, and controls.
• Establishing and implementing the firmwide risk appetite framework and statements in line 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 utilizations of the limits against key risk metrics, and ensuring compliance to the 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 review.
• Keeping abreast of regulatory developments and requirements.

Internship Responsibilities (Quantitative Analytics)

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

• Risk measurement methodologies and implementation, model validation, and 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 with all areas of the firm to ensure consistent application of methodology used by individual businesses within the Risk group.
• Independently reviewing and validating all models used for valuation of the firm’s inventory, ensuring any model limitations are well understood and appropriately accounted for.

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.

At Jefferies, we are 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. Jefferies is also committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Employment decisions are made without regard to protected characteristics under applicable law. Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.

Compensation

The base salary for the Summer Analyst role is $100,000 and the Summer Associate role is $125,000 (pro-rated for the 10-week internship program).