At a Glance
- Tasks: Dive into applied research, exploring AI/ML in FX markets and building innovative prototypes.
- Company: Join MillTech, a leading firm in FX and cash management solutions based in London.
- Benefits: Enjoy competitive pay, flexible work, medical and dental insurance, plus generous leave policies.
- Other info: Be part of a diverse team committed to equality and professional growth.
- Why this job: Make an impact in finance by applying cutting-edge AI techniques to real-world challenges.
- Qualifications: PhD candidate with strong programming skills and a passion for macroeconomics and FX markets.
The predicted salary is between 20000 - 30000 £ per year.
MillTech provides advanced FX and cash management solutions to increase market access, reduce costs, and automate manual workflows. With a focus on automation, integration, and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions, and global corporates, purpose‑built to deliver best execution at scale. Our end‑to‑end operational workflow enables automation, standardisation, and cost transparency on all FX transactions and cash movements. A highly secure platform centralises all client FX and cash activities to enhance oversight whilst increasing control, all at no additional costs. It offers quick onboarding routes, multi‑bank best execution, and hedging management services.
Headquartered in London, the world’s largest FX hub, MillTech provides services to clients in the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway, and Liechtenstein. MillTech is authorised and regulated by the UK’s Financial Conduct Authority (FCA) and registered with the USA’s National Futures Association (NFA).
Reports To: Chief Quant and AI Officer
Location: London
Duration: June 2026 – September 2026 (4 months)
The Opportunity: This internship is aimed at a PhD researcher who enjoys applied research and is motivated by learning, experimentation, and turning ideas into working prototypes. You will support research projects at the intersection of macro, FX markets, and applied AI/ML. The work will involve exploring structured and unstructured datasets, forming testable hypotheses, building prototypes, and documenting results clearly for both technical and non‑technical stakeholders. The role has a particular focus on exploring how machine learning and AI approaches can be used in FX market scenarios such as forecasting, regime classification, risk/event mapping, representation learning, and NLP for macro narratives.
Requirements (essential):
- PhD candidate in a relevant quantitative discipline (e.g., Economics, Finance, Data Science, Computer Science, Physics, Engineering, Applied Mathematics), with a demonstrable research track record.
- Strong macroeconomics and FX market knowledge: including familiarity with applied FX research themes (e.g., carry, value, momentum, risk premia, macro surprises, regimes, cross‑asset relationships).
- Excellent Python programming skills: for research workflows (data handling, analysis, modeling, evaluation, visualization).
- Experience conducting research with high standards of rigor: including hypothesis formulation, baselines, validation, and documentation.
- Interest in (and ideally some hands‑on familiarity with) machine learning and AI frameworks applied to financial markets.
- Experience with RAG / agentic workflows (e.g., LangGraph/LangChain) and/or graph databases are highly desirable.
What We Offer In Return:
- A competitive salary with annual reviews;
- 25 days’ paid annual leave plus an additional day per year of service;
- Excellent staff development and training opportunities;
- Flexible working arrangements including remote working;
- Medical insurance;
- Dental insurance;
- EV Scheme and Cycle to work scheme;
- Enhanced maternity and paternity leave;
- 1 day off for charity work per quarter and many other benefits!
Equal Employment Opportunity: MillTech is committed to embedding the best equality and diversity practices into all our activities, creating an inclusive, welcoming, and exciting place to work. We welcome candidates from all backgrounds and experiences.
Quant and AI PhD Research Internship in London employer: TargetJobs UK
MillTech is an exceptional employer located in the heart of London, the world's largest FX hub, offering a dynamic work culture that fosters innovation and collaboration. As a PhD intern, you will benefit from competitive remuneration, extensive training opportunities, and flexible working arrangements, all while contributing to cutting-edge research at the intersection of macroeconomics and AI. With a strong commitment to diversity and inclusion, MillTech provides a supportive environment where your ideas can flourish and make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Quant and AI PhD Research Internship in London
✨Join Data-Science Meetups
Get yourself along to local data-science meetups or workshops. They're goldmines for networking, and you'll learn from industry pros who might just point you in the direction of internships. Plus, discussing the latest trends with like-minded individuals can really amp up your game.
✨Utilise University Career Services
Check in with your uni's career services since they often have connections with companies looking for interns. They might even organise information sessions with firms, which can be a great chance for you to learn more about potential internships and make some key contacts.
✨Show Off Your Stuff on GitHub
If you're into data science, having a GitHub profile with your projects is essential. Make sure your portfolio is public and showcases your best work! Recruiters love to see your coding skills and problem-solving approach, and it’s a brilliant way to stand out.
✨Apply Directly on Our Website
Don’t forget to check out the internships listed on our site! It's always a good idea to apply directly through our website because it makes your application easier for our team to find, and you might just catch the hiring manager’s eye by showcasing exactly what you're passionate about in data science.
We think you need these skills to ace Quant and AI PhD Research Internship in London
Some tips for your application 🫡
Show Off Your Technical Skills:For a data science internship, we want to see those analytical skills shine! List your programming languages, like Python or R, and make sure to highlight any relevant projects or courses you've completed. If you've dabbled with tools like Pandas, NumPy, or machine learning algorithms, don’t hold back – include those in your CV!
Share Your Curiosity in Your Cover Letter:As an intern, your motivation and eagerness to learn are key! In your cover letter, talk about specific data science concepts that excite you and how this internship at TargetJobs UK will help you grow. Share what you hope to achieve and how you plan to tackle real-world data problems - we love enthusiasm!
Include Any Relevant Certifications:If you've earned any certifications, such as from Coursera or DataCamp, make sure to include these in your application. They show us that you're proactive and committed to expanding your data science skillset. This could make a real difference in how we assess your application!
Keep It Relevant and Concise:Remember, as an intern, you don’t need to have decades of experience. Focus on showcasing relevant coursework, personal projects, or even related volunteer work in data science. Keep your CV and cover letter concise but impactful – we appreciate clear and straightforward communication!
How to prepare for a job interview at TargetJobs UK
✨Brush Up on Your Coding Skills
As a data science intern, you might get grilled on your programming skills. Expect to tackle some coding challenges using languages like Python or R. We recommend practising basic algorithms or data manipulation tasks so you can show off your tech skills with confidence.
✨Show Off Your Projects
Prepare to discuss any projects you’ve done, whether in your studies or on your own time. Having a strong portfolio of data analyses or machine learning models will really set you apart. We can use platforms like GitHub to showcase your work to impress TargetJobs UK.
✨Know Your Stats and ML Basics
Brush up on your statistics and machine learning concepts because interviewers love to dig into this! Be ready to explain your understanding of algorithms or how you would approach a given data problem. This will highlight your theoretical background alongside your practical skills.
✨Be Eager to Learn and Adapt
Internships are all about potential and growth. Make sure you convey your eagerness to learn and adapt to new tools or methodologies. Show TargetJobs UK that you’re not just looking for experience, but that you're keen to contribute and grow within the team.
