Quantitative GSA Internship Programme - London - 2027

Full job description

About the programme: The Deutsche Bank Internship Programme is designed to help you develop your skills through formal training and continuous support. About the Division: GSA owns and develops many cutting-edge quantitative analytics and projects. GSA started with delivering pricing and risk solutions to Sales & Trading and the majority of GSA internship topics have been around Fixed Income and Currencies (FIC) activities. The following teams are offering roles: DB Analytics is the front office cross-asset quant team in charge of the research and development of Deutsche Bank's pricing models, used to price every cash and derivative transaction in rates, inflation, credit, foreign exchange, commodities, mortgages and hybrids. You should expect a challenging derivatives modeling project that includes numerical implementation and analysis, working under the supervision of a senior team member. Rates Desk Strats: you will use mathematical modelling and programming to help the business drive revenue through advanced risk management analytics, market data build-out, and process automation, partnering with Trading, Sales, Structuring, Market Risk, Technology, and Operations. Credit Desk Strats: you will work in a front-office, desk-aligned quantitative team supporting Deutsche Bank's Credit Trading businesses, solving pricing, risk, P&L, data, workflow, and platform challenges across Credit Flow, Credit Solutions, Structured Credit, Securitized Credit, Whole Loans, Distressed and related activities. CB & PB Strats: responsible for all quantitative and analytical work for Corporate Bank and Private Bank divisions, including pricing, funding, liquidity management, IR risk calculation and hedging, profitability measurement, capital optimization, and SVA. Treasury Strategic Analytics: supports the Treasury function, developing solutions for Pre-trade Pricing/Execution/Governance, Post-Trade Risk/PL calculation, Treasury Markets management and Hedge accounting, plus bank-wide regulatory responsibilities such as Regulatory Liquidity Ratio monitoring and Net Interest Income reporting. Client and Control Strats: responsible for developing and implementing models, data capabilities, platforms and processes that address revenue and cost optimisation, capital efficiency and control effectiveness, including behavioural models that monitor clients and traders for fraud, money laundering, sanctions evasion or other financial crime. The internship will start between May and June 2027 and have a duration of 18 weeks. What we look for: You must be studying a post-graduate specialist degree (MSc or PhD) in a quantitative subject such as mathematics, engineering, physics, economics or finance. A good understanding of the associated products along with a good mathematical background to understand pricing/risk/PL. Good exposure to C++ and Python coding. Note: to progress onto the final stage assessment, applicants will need to attend an in-person technical test on a specified date and location which is not flexible. To be eligible for the 2027 UK Quant Internship programme you must: Complete your studies between 1st May 2026 and 30th November 2027. As the programme is due to start between May 2027 and June 2027, this means you may still be studying when you join the programme. In this case you are still eligible to join provided you have completed all of your exams before your start date and must complete your studies (any remaining coursework and have no outstanding requirements for graduation) by 30th November 2027. Have already achieved a 2:1 or First (or equivalent) in your undergraduate degree and be on track for or have already achieved a pass/merit/distinction (or equivalent) in your postgraduate degree either before you join, or by 30th November 2027. Possess no more than 12 months full-time, relevant work experience. The internship will start between May and June 2027 and will have a duration of 18 weeks. How to apply: Please visit careers.db.com/students-graduates to apply. Please note you may only make ONE application per recruitment season in the UK.