2025 Treasury Summer Analyst Program - New York

Jefferies is a leading, full-service global investment banking and capital markets firm, thanks to a unique culture that attracts driven and entrepreneurial professionals from around the world. Recognized for our insights, drive and high touch service, Jefferies provides investors, companies and governments with a full range of advisory, sales and trading, research, wealth, and asset management services across all products in the Americas, Europe and Asia. Come to Jefferies and you will find a combination of long-term Jefferies partners who turned the firm into what it is today and a fast-growing team of highly talented colleagues who will help lead us to new heights in the future.

What you can expect

Jefferies Summer 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 and are rewarded for performance. You’ll be exposed to Jefferies’ full range of products and leading industry expertise. Our lean team structure will not only provide you with unparalleled hands-on experience, it will help you develop lasting personal and professional relationships with peers and senior professionals that will serve as the foundation for a successful career. 

Following an enriching orientation program, Interns will begin working on their day-to-day responsibilities, with support from colleagues serving as both instructors and mentors throughout the internship program.  As a way to help maximize your experience with us, Interns will receive formal performance reviews.

In addition to working on projects that incorporate research, analysis and recommendations, Interns are challenged to think creatively, offer their 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 with 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 by doing 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 together 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 both 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 four-year Bachelor's degree or equivalent program. Although a background in finance can be helpful, we hire Interns who have studied a variety of disciplines.

Desired Background and Skills:

• Undergraduate candidates pursuing a Bachelor’s degree
• Graduation date between December 2026 – June 2027
• Proficient in Microsoft office, including Word, Excel and PowerPoint
• Broad understanding of financial markets
• Must demonstrate professionalism and team spirit
• Ability to work under pressure with tight deadlines
• Access skills a plus
• Team player who excels at working both independently and as part of a team
• Strong attention to detail
• Able to multitask and manage a variety of projects simultaneously
• Strong written and verbal communication skills

WORK WITH US – Opportunities in Treasury

Jefferies Corporate Treasury actively manages the firm's funding, liquidity, and capital deployment, by working closely with the firm's business units as well as senior management.  The key objectives of Treasury’s framework is to support the successful execution of our business strategies while ensuring sufficient liquidity through the business cycle and during periods of financial distress.  The department also maintains Jefferies' overall relationships with banks, other creditors, and rating agencies. All functions are performed within the regulatory requirements and the firm's risk objectives.

The core responsibilities managed by the Jefferies Treasury team include:

• Liquidity Risk Management

Liquidity risk management is largely overseen by the Treasury Analytics Group. The firm's funding and liquidity risk management is centered on measurements of liquidity risk in both market wide and firm specific stresses. Two primary metrics – Maximum Liquidity Outflow and Cash Capital – constitute the core basis for evaluating and managing the firm's liquidity. In addition, the Treasury Analytics Group facilitates weekly reporting of capital and liquidity buffer charges to the businesses, provides daily business unit cash usage figures and daily reports on excess cash / liquidity buffer balances.

• Capital Planning, Raising & Allocation

Capital management is characterized by an emphasis on Cash Capital and Maximum Liquidity Outflow. While equity is a component of cash capital, the planning for capital needs, raising of the marginal dollar of capital and allocation of capital to business units is principally driven by firm-wide and business unit level cash capital requirements. This incremental capital requirement is met in the longer-term debt markets.

With the equity component of the capital structure and composition, analysis is centered on ensuring the equity is sufficient in the context of the risks (i.e. risk of loss) on the balance sheet, or in each of the business units, as well as the regulatory capital requirements of the firm's principal regulated operating subsidiaries. These regulatory capital needs are met with a combination of equity and subordinated debt.  The capital function also includes monitoring the issuance and maturity of firm debt (medium and long-term funding).

• Bank Relations, Rating Agencies Relations, and Creditor Relations

The Bank Relations Team is responsible for the management of bank and custodial relationships, including credit and trading relationships.  This team is responsible for the compilation and analysis of MIS reports to assess competitiveness of bank / sub-custodian fees, periodic negotiations of bank fees and the review/remedy of operational inefficiencies as well as the management of the account opening and setup process internally and externally.

The Bank Relations function includes completing bank required forms, KYC requirements and negotiation of legal agreements.  Other core areas managed by Bank Relations is the ongoing maintenance of authorized signatory lists, resolutions and associated corporate documentation, act as the primary internal contact for escalation of bank and/or custodian issues, assist in the completion of new credit related documentation and associated follow ups with business units and banks, and credit marketing.

• Monitoring and Reporting

Includes monitoring and reporting on Liquidity, Cash Usage, Risk, Balance Sheet, Intraday, and unfunded Commitments.

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences, and supporting a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity workplace.  We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age, physical or mental disability or medical condition, national origin, marital status, sexual orientation, gender identity or expression, covered veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. In accordance with applicable law, we are dedicated to finding reasonable accommodations for candidates and employees’ religious practices and beliefs, as well as any mental health or physical disability needs. Please inform your recruiter should you require accommodations throughout your application process.

Jefferies’ COVID-19 Policy – US

The salary for this role is $70,000 (pro-rated for the 10-week internship program).