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Internship Risk Quant Jobs in New York (NOW HIRING)

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Internship Risk Quant information

What is an internship risk quant?

Internship Risk Quants are students or recent graduates who take on temporary roles within financial institutions to assist with quantitative analysis related to risk management. Their main responsibilities include analyzing financial data, developing risk models, and helping identify potential risks for the company. These internships provide hands-on experience with statistical tools, programming, and risk assessment in real-world finance environments. The goal is to prepare interns for full-time quantitative risk analyst roles after graduation.

What types of projects does an internship risk quant typically work on, and how do these projects contribute to the overall risk management strategy of the firm?

Risk Quant interns often work on projects involving data analysis, model validation, and the development of risk assessment tools under the guidance of senior quants. These projects may include tasks such as back-testing risk models, analyzing large datasets to identify potential risk exposures, and automating reporting processes. By contributing to these initiatives, interns help improve the firm's ability to measure and manage financial risks, gaining practical experience with real-world quantitative finance tools and methodologies. Collaboration with teams like trading, risk management, and IT is common, offering interns broad exposure to how quantitative analysis supports strategic decision-making in the organization.

What are the key skills and qualifications needed to thrive as an internship risk quant, and why are they important?

To thrive as an Internship Risk Quant, you typically need strong quantitative skills, a solid background in mathematics, statistics, or finance, and progress towards a relevant degree such as in quantitative finance or a related field. Familiarity with programming languages like Python, R, or MATLAB, as well as experience with risk management systems and financial modeling tools, is highly valued. Attention to detail, analytical thinking, and effective communication skills help interns collaborate and present complex findings clearly. These capabilities are critical for analyzing risk data accurately and supporting decision-making in dynamic finance environments.

What is the difference between Internship Risk Quant vs Risk Analyst?

AspectInternship Risk QuantRisk Analyst
Required CredentialsTypically pursuing or recent graduate, some quantitative courseworkBachelor's or master's in finance, economics, or related field; certifications like FRM or CFA often preferred
Work EnvironmentInternship setting, often in financial institutions or asset management firmsFull-time role in banks, hedge funds, or investment firms
Industry UsageCommonly used for entry-level or internship positions in risk managementEstablished role for ongoing risk assessment and management

The main difference is that an Internship Risk Quant is an entry-level, temporary position aimed at gaining experience, while a Risk Analyst is a full-time professional role responsible for ongoing risk evaluation within financial organizations.

What are the most commonly searched types of Risk Quant jobs in New York?

The most popular types of Risk Quant jobs in New York are:

What job categories do people searching Internship Risk Quant jobs in New York look for?

The top searched job categories for Internship Risk Quant jobs in New York are:

What cities in New York are hiring for Internship Risk Quant jobs?

Cities in New York with the most Internship Risk Quant job openings:

Deutsche Bank Internship Program - Quant - GSA - New York - 2027

Deutsche Bank

New York, NY • On-site

Full-time, Internship

Posted 2 days ago

New


Deutsche Bank rating

7.7

Company rating: 7.7 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

94th of 175 rated banks


Job description


Deutsche Bank Quant Internship Program
Division:
Investment Banking: Strategic Analytics
Location:
New York
About the program:
The Deutsche Bank Internship Program is designed to help you develop your skills through formal training and continuous support. You'll quickly gain the confidence to take on real projects by learning first-hand how and what we deliver for clients worldwide. You'll feel supported by colleagues from across our business and start to develop your professional network.
About the Division:
Group Strategic Analytics (GSA) is responsible for the development and delivery of quantitative analytics across the Deutsche Bank Group. Our Quantitative Strategists cover all aspects of model development, implementation, and execution, producing our own analytical frameworks and applications and collaborate with technology and business partners to solve business problems. GSA owns the research, development, integration and automation of all Trading & Sales pricing models and as such plays a critical role ensuring their accuracy, stability for pricing, risk management and capital calculations.
About the role:
Our interns learn about our business through on the job experience, you will gain a significant understanding of the work we do, our team culture, and will develop your quantitative skills through real life application.
You may find yourself working on one large project for the entire internship or a series of smaller projects, much as you would do as a full-time member of the team. Get ready to use your quantitative and programming skills to provide impactful research and implement real solutions.
You'll also be exposed to a fast-paced and agile culture giving you the opportunity to meet and engage with leaders across the organization.
What we look for:
  • We recruit students and graduates who are intelligent and adaptable with excellent communication skills.
  • You must be studying a post-graduate specialist degree (MSc or PhD) in a quantitative subject such as mathematics, engineering, physics, computer science, economics or finance.
  • Strong quantitative skills and the ability to express ideas verbally, mathematically and through code is essential.
  • You will already have a record of outstanding academic achievement and you're eager to continue learning at the same intensive rate. You'll thrive on working in a highly collaborative environment with some of the best minds in banking.
  • Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

To be eligible for the 2027 Quant Internship Program you must:
- Complete your studies (all final exams, coursework, and have no outstanding requirements for graduation) between 1st December 2027 and 31st July 2028.
The internship will start June 2027 and have a duration of 10 weeks.
Benefits and wellbeing:
Feeling healthy, engaged and well-supported, enables us to do our best work and get the most out of life outside of the office. That's why Deutsche Bank is committed to providing benefits and program centered around wellbeing. Benefits & Wellbeing - Deutsche Bank Careers (db.com)
About us and our teams:
Our values define the working environment we strive to create - where our people have a sense of belonging and everyone feels welcomed, respected and can contribute and grow. We know that high-performing teams have different skills, backgrounds, and experiences. We collaborate, encourage and enable open dialogue and diversity of views. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
Deutsche Bank is an Equal Opportunity Employer to Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank's Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights"; "Employee Rights and Responsibilities under the Family and Medical Leave Act"; and "Employee Polygraph Protection Act".
How to apply:
Whether you're fresh out of school or already have some experience, you'll find a wealth of helpful tools and information on our Employability Hub that will support you with your application, prepare for the assessment processes and adapt to a new working environment.
Please visit www.careers.db.com/students-graduates to apply.
A notice on Recruitment Scams
Please note that candidates are not required to pay money as part of the recruitment or job placement process. Do not divulge personal information if you are unsure of the authenticity of a communication from someone who claims to be representing Deutsche Bank. A notice on such scams and practices has been hosted on our website on the link below:
https://careers.db.com/professionals/a-notice-on-recruitment-scams
The annualized salary for this position is $110,000. Posted salary ranges do not include incentive compensation or any other type of renumeration.
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About Deutsche Bank

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Deutsche Bank is the leading German bank with strong European roots and a global network. We're driving growth through our strong client franchise. Against a backdrop of increasing globalization in the world economy, Deutsche Bank is very well-positioned, with significant regional diversification and substantial revenue streams from all the major regions of the world. We serve our clients' real economic needs in commercial banking, investment banking, private banking and asset management. We are investing heavily in digital technologies, prioritizing long term success over short-term gains, and serving society with ambition and integrity.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

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