Apply for the Rothesay Macro Risk Graduate Programme 2027 in London. Gain two years of professional development in market, liquidity, and counterparty credit risk management, with a competitive salary and performance-related bonus. Applications close 1 December 2026.
Introduction
Rothesay is inviting applications for its 2027 Macro Risk Graduate Programme in London, United Kingdom. Designed for ambitious and analytical graduates, the two-year programme offers an opportunity to develop a career in financial risk management while working alongside experienced professionals in the pensions insurance sector.
Graduates will join Rothesay’s Macro Risk function, contributing to the monitoring and management of market risk, liquidity risk, and counterparty credit risk. The programme combines practical responsibilities, on-the-job training, business skills development, and regular performance reviews to help participants build the expertise needed for long-term careers in risk management and financial markets.
The opportunity is open to students graduating in 2027 who meet the academic and other requirements. Applications close on 1 December 2026, although the vacancy may close earlier due to demand.
Opportunity Summary
| Category | Details |
|---|---|
| Organization | Rothesay |
| Programme | 2027 Graduate Programme – Macro Risk |
| Location | London, United Kingdom |
| Duration | Two years |
| Start Date | September 2027 |
| Eligible Applicants | Final-year students graduating in 2027 |
| Minimum Degree Classification | 2:1 or equivalent |
| Academic Background | All disciplines considered |
| Salary | Competitive starting salary |
| Bonus | Performance-related bonus |
| Professional Development | Technical training and business skills development |
| Application Deadline | 1 December 2026 |
| Application Method | Online |
About Rothesay
Rothesay is a UK pensions insurance specialist focused on protecting pension schemes and their members’ retirement income.
According to the recruitment announcement, the company manages more than £74 billion in assets and secures the pensions of over one million people. It pays approximately £350 million in pension payments each month on average.
Rothesay works with pension schemes associated with well-known organizations, including British Airways, Cadbury, the Civil Aviation Authority, the Co-operative, Morrisons, Smiths Industries, and Telent.
Its business places significant emphasis on prudent underwriting, disciplined investment strategies, customer service, and careful risk management.
About the Macro Risk Graduate Programme
Rothesay’s UK graduate programme is designed to help ambitious graduates establish their careers in a collaborative and analytically demanding environment.
The two-year programme begins with a fundamentals week for the graduate cohort, featuring networking and sessions introducing participants to the business. From the second week, graduates join their respective teams and begin contributing to their functions.
During the first year, participants take part in an on-site graduate development programme covering technical and business skills alongside their permanent roles.
The programme also includes regular development reviews and a formal assessment towards its conclusion.
What You Will Do
As a Macro Risk Graduate, you will join the team responsible for managing market, liquidity, and counterparty credit risks across Rothesay’s balance sheet.
Working alongside other members of the team, you may contribute to:
- Stress testing and risk analysis.
- Risk limit setting and monitoring.
- Capital model development and maintenance.
- Detailed risk investigations and deep dives.
- Ad hoc risk management projects.
- Monitoring market and liquidity exposures.
- Assessing counterparty credit risk.
The role involves collaboration across the company, particularly with trading desks, quantitative strategy teams (Strats), and the Treasury function.
Developing specialist expertise
Graduates initially work as generalists, building a broad understanding of risk management and its application to Rothesay’s business model.
As their knowledge develops, they are expected to select one or more areas of specialisation and become subject matter experts.
The company also encourages professional development towards qualifications such as the Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) designations. The vacancy does not state that these qualifications are fully sponsored.
Programme Benefits
Two years of professional development
The programme combines practical responsibilities with structured learning, helping graduates develop technical expertise and business understanding.
Competitive salary and performance-related bonus
Rothesay offers a competitive starting salary and a performance-related bonus. The recruitment announcement does not publish a specific salary amount or guaranteed bonus value.
On-the-job training
Graduates work directly with experienced colleagues and gain practical experience in risk management.
Business skills development
Class-based training supplements practical work where appropriate, supporting the development of communication, analytical, and broader business skills.
Exposure to senior professionals
Rothesay’s lean team structure provides graduates with visibility across the business and opportunities to build relationships with experienced colleagues.
Potential professional qualifications
CFA and FRM qualifications are encouraged as part of professional development, depending on the graduate’s interests and career direction.
Eligibility Requirements
Applicants must meet the following criteria:
- Be a final-year student graduating in 2027.
- Hold or expect to achieve at least a 2:1 degree or equivalent from a leading university.
- Demonstrate strong numerical ability.
- Have a logical and analytical approach to problem-solving.
- Show a clear interest in financial markets.
- Demonstrate intellectual curiosity.
- Be fluent in English.
Rothesay considers applicants from all academic disciplines, provided they demonstrate the required analytical ability and academic credentials.
Preferred experience
Previous internships or work experience in financial services are highly desirable but are not essential.
Coding proficiency is also considered a distinct advantage.
Skills and Competencies
Rothesay highlights several competencies that are important for success in the programme.
Technical skills: Strong analytical ability, attention to detail, initiative, and willingness to expand technical knowledge.
Drive and motivation: Self-direction, persistence, effective management of multiple tasks, and commitment to challenging goals.
Teamwork: Collaboration across teams, encouraging participation, and recognising others’ contributions.
Communication: Explaining relevant information clearly and concisely while sharing ideas effectively.
Judgement and problem-solving: Anticipating challenges, evaluating alternatives, analysing complex issues, and planning for contingencies.
Creativity and innovation: Finding practical ways to improve processes and develop solutions.
Influencing outcomes: Presenting well-reasoned recommendations and communicating ideas persuasively.
Required Documents
The online application requires candidates to submit:
- CV or resume
- Cover letter
Applicants must also complete the requested application questions, including information about their university, degree discipline, expected graduation year, and willingness to complete an online assessment.
Candidates should ensure that their application accurately reflects their academic achievements, analytical abilities, technical experience, and interest in financial markets.
Application Deadline
Closing date: 1 December 2026.
Rothesay warns that applications may close earlier due to demand. Candidates are encouraged to submit their applications as soon as possible rather than waiting until the final day.
The programme is scheduled to begin in September 2027.
How to Apply for the Rothesay Macro Risk Graduate Programme 2027
Follow these steps:
- Visit the official Rothesay Graduates recruitment portal.
- Locate the 2027 Graduate Programme – Macro Risk vacancy in London.
- Review the academic requirements and role responsibilities.
- Prepare your CV and cover letter.
- Complete the online application form and provide the requested information.
- Confirm your willingness to complete an online assessment.
- Submit your application before the deadline.
Official Application Link
Apply through Rothesay’s official graduate recruitment portal:
https://job-boards.greenhouse.io/rothesaygraduates
Select the 2027 Graduate Programme – Macro Risk listing to access the application form.
Why You Should Apply
The Rothesay Macro Risk Graduate Programme is suited to graduates interested in understanding how financial institutions measure and manage risk.
The combination of practical work, structured development, exposure to trading and Treasury teams, and opportunities to specialise offers a strong foundation for careers in risk management and financial markets.
For candidates with strong numerical skills and an interest in financial analysis, the programme provides an opportunity to develop technical expertise while working within a specialist pensions insurance business.
Frequently Asked Questions
Who can apply for the Rothesay Macro Risk Graduate Programme?
The programme is open to final-year students graduating in 2027 who meet the academic and other eligibility requirements.
What degree classification is required?
Applicants must have at least a 2:1 degree or equivalent from a leading university.
Do I need a finance degree?
No. Rothesay recruits from all academic disciplines, although strong numerical ability, logical problem-solving, and interest in financial markets are essential.
Is previous financial services experience required?
No. Previous financial services internships or work experience are highly desirable but not essential.
How long is the programme?
The graduate programme lasts two years and includes practical training, business skills development, and regular reviews.
Does Rothesay offer a bonus?
Yes. The advertised package includes a performance-related bonus, alongside a competitive starting salary. The amount is not specified in the vacancy.
Are CFA or FRM qualifications supported?
Rothesay encourages professional development towards CFA and FRM designations. However, the vacancy does not confirm full sponsorship or specify the financial support available.
When is the application deadline?
Applications close on 1 December 2026, although the company may close recruitment earlier due to demand.
Conclusion
The Rothesay Macro Risk Graduate Programme 2027 offers graduates an opportunity to begin a career in financial risk management through two years of structured development, practical responsibilities, and exposure to market, liquidity, and counterparty credit risk.
With a competitive salary, performance-related bonus, and opportunities to develop specialist expertise, the programme is an attractive option for analytically minded graduates seeking careers in financial markets.
Eligible students graduating in 2027 should review the official vacancy, prepare their CV and cover letter, and apply before 1 December 2026.
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