Summer Internship Program Overview

Join us as a summer intern and discover the world of finance and technology. Dive into our culture, engaging in real projects that offer a comprehensive business overview. Select your desired business area for an in-depth introduction, taking on immediate responsibility guided by a mentor and line manager. Forge connections, explore new horizons, and unlock growth opportunities in this 10 week journey. Join us during the summer of your penultimate year of university to build skills, expand knowledge, and embark on an impactful path towards a promising career.

Why Quantitative Analytics Summer Internship Program?

The team that delivers world-class solutions

Our industry-leading group provides model development, analytics, and valuable quantitative advice to businesses across the bank. Applying to our program means the opportunity to join one of our specialist teams, including:

Markets Quants

Consisting of specialised modellers and developers, the team directly supports the Capital Markets division of the bank. Team members are responsible for researching, innovating, developing, testing, implementing, and supporting all quantitative models used for front-office pricing, valuation adjustments, along with market and counter-party credit risk management across all asset classes. Joining a group that partners with trading, structuring, and risk management functions across the bank, you’ll gain broad exposure to a variety of classic and contemporary financial engineering modelling techniques and markets instruments to help drive business strategy.

Statistical Modelling Quants

Comprised of data scientists, developers, data engineers, and researchers, the team directly supports the Finance, Treasury, Fraud Surveillance, Stress Testing, Climate Risk, as well as the Wholesale and Retail Credit Risk operations within the bank. Team members deliver solutions to develop, test, implement, and support all statistical and econometrics models for the estimation of default probabilities, recovery rates, exposures at default, forecasting models for net revenue, balance sheet projections, scenario generation/expansion, operational risk, climate change, economic capital models, and machine learning models for fraud detection, all while using the latest model development approaches and advancements in technology.

The chance to make an impact

As a Quantitative Analytics Intern, you’ll gain valuable exposure to real-world problems in our dynamic and invigorating environment. During your internship, you will have the chance to:

• Apply the latest quantitative techniques to solve real-world business problems
• Research, develop, and implement new models and solutions
• Adopt innovative technological practices to improve our computing and data infrastructure
• Experience the day-to-day life of a quant supporting the advanced modelling demands of a world-class multinational banking operation
• Interact with a variety of stakeholders working in different functions of the bank and in various locations

A place where you can thrive

During the program, you’ll benefit from in-depth, comprehensive training. What’s more, this could be the beginning of an exciting and rewarding career. We offer full-time employment opportunities to those interns demonstrating excellent work ethic, technical competence, and business acumen upon the completion of their internship.

During the program, you’ll:

• Participate in formal and informal training designed to give you the knowledge you need when you need it
• Receive detailed performance coaching and feedback
• Have opportunities to expand your network and develop leadership skills

Quantitative Analytics at Barclays

Our Quantitative Analytics team is a global organisation of highly specialised modellers and developers responsible for researching, innovating, developing, testing, implementing, and supporting all quantitative models used for valuation and risk management across all asset classes.

Who we're looking for

To be considered for this program, you must be pursuing a graduate or postgraduate degree with a target graduation date within one year of the conclusion of this internship.

You should be completing your studies in a technical discipline such as Physics, Mathematics, Quantitative Finance, Economics, Statistics, Calculus, Computer Science, or other STEM subjects.

Ideally, you'll have a GPA of 3.2 or above, strong mathematical and programming skills (ideally in C++, or Python) and a passion to learn about the banking sector, financial services industry, and capital markets.

Working in New York

You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.

Salary / Rate Minimum: 150,000.00
Salary / Rate Maximum: 150,000.00

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available

It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, protected veteran status, genetic information, or any other basis protected by law.

Purpose of the role

To support the day-to-day operations of the Quantitative Analytics (QA) group by providing analytical insights and expertise that will help our business leaders and stakeholders make informed decisions, support existing trading strategies, develop new products strategies and services, as well as identify new market opportunities

Accountabilities

• Application of the latest quantitative techniques to solve business problems, research, development, and implementation of new models and solutions and improve the bank’s computing and data infrastructure.
• Collaboration with cross-functional teams and senior management to progress business initiatives.
• Participation in training and development programs to enhance skills and knowledge. Conduct research to support strategic decision making, prepare presentations and reports to communicate research findings, and collaborate with senior management to implement research findings.
• Design, development of the quantitative research framework using domain specific languages.
• Participation in technical design and development of the global team’s quantitative research systems, research notebooks and products.
• Training and mentoring of junior colleagues.

Assistant Vice President Expectations

• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

We’re a global, vital and highly respected financial organisation with an inspiring Purpose. Operating in 50 countries and employing around 83,000 people across the world, we help communities, individuals and businesses thrive. And we’ve created financial solutions and technology that the world now takes for granted. A career with us can offer incredible variety, depth and breadth of experience, and the chance to learn from some of the best minds in technology and finance.