2027 Summer Internship Programme - Trading and Asset Origination

Application deadline: 8th November 2026

Programme start date: July 2027

Eligibility: Penultimate year students graduating in Summer 2028

Who We Are

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £74 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £350 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy, and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries, and Telent.

At Rothesay, we are striving to transform our industry. We believe in creating real security for the future, and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper, and we pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Internship Programme

The internship programme is designed to provide hands-on work experience within a fast-paced financial services environment, allowing you to develop key skills to jump-start your career.

The 8-week structured programme will start with a fundamentals week offering insight into Rothesay, your team, and the financial services industry. Throughout the programme, you will receive both on-desk and off-desk technical and business skills training, providing career-building exposure to accelerate your future after you graduate.

You will gain visibility and experience in a flat structure, with the opportunity to network and socialise across different levels and teams throughout the firm.

What You’ll Do

We are currently looking to hire interns to join our Trading and Asset Origination functions. There are roles across asset origination, trading, and quantitative risk trading. Your application will be considered across all these business areas.

Our trading and asset origination functions are key in managing our balance sheet and ensuring the origination, evaluation, and execution of key assets. The teams work in a fast-paced environment, and you will be joining a high-calibre multi-disciplined department. We are looking for driven individuals with strong numerical and analytical capabilities.

The Teams

Trading

The trading team is responsible for the analysis, risk management, and trade execution of liquid financial instruments relevant to Rothesay. The team particularly focuses on relative values and deployment opportunities across our asset universe for alpha generation, as well as managing the firm’s macro risk positions.

Another significant part of the role involves collaboration with internal teams and interaction with external counterparties.

Asset Origination

The asset origination team sources potential deals and manages the deal execution process in less liquid markets. These deals are typically large and can involve complex transaction structures. Building dynamic financial models will allow you to conduct detailed analysis and identify the potential risks of these deals.

You will have the opportunity to build strong commercial skills and a solid project management toolkit, while assisting in the management of internal and external stakeholders during deal execution.

Quantitative Risk Trading

The quantitative risk trading team focuses on quantitative analysis of potential assets the firm has the opportunity to purchase, taking a holistic approach to risk management and hedging strategy for the growing portfolio.

The team specialises in valuing the most complex elements of the growing asset pool and managing the more exotic risks Rothesay faces, offering a great growth opportunity for technically strong candidates.

What We’re Looking For

• Original, collaborative, dedicated, and meticulous candidates who are keen to learn and contribute to Rothesay’s business.
• Impeccable academic credentials; we recruit from all academic disciplines, although a high degree of numeracy is essential.
• Excellent communication skills; fluency in English is a prerequisite.
• A clear interest in a career in financial services, in particular trading and/or structured finance.