About Us
THΞ ЯΞCЯUIT are a boutique Talent Acquisition Agency, matching employers with prominent talent.

London

07506 563 885

info@ther3cruit.co.uk

Follow Us

The Details

DΞΛDLINΞ IN

BΛCK

LONDON – LONG TΞЯM INTΞЯNSHIP 2024 – ЯΛTΞS, CЯΞDIT & FX QUΛNTITΛTIVΞ ЯΞSΞΛЯCH

 

«

London – Long Term Internship 2024 – Rates, Credit & FX Quantitative Research

  • Country: UK
  • Programme: Long Term Internship
  • City: London
  • Department: Global Markets
  • Role: Not applicable

Main duties & responsibilities

Who we are

BNP Paribas Global Markets provides cross-asset investment, hedging, financing, research and market intelligence to corporate and institutional clients, as well as private and retail banking networks. Global Markets’ sustainable, long term business model seamlessly connects clients to capital markets throughout 38 markets in EMEA, Asia Pacific and the Americas, with innovative solutions and digital platforms. Through Global Markets, clients can access a full universe of opportunities in equity derivatives, foreign exchange and local markets, commodity derivatives, rates, primary and credit markets and prime solutions and financing.

We have open long term intern positions in the quant teams supporting our Business Lines (Rates, Credit and FX).

The Rates, Credit and FX quantitative research teamsare responsible for the development of pricing and risk management models for Trading and Sales. They have daily exposure to structurers, traders, sales as well as our technology and risk management teams.

What you will do

  • Creating and implementing the mathematical models and strategies used for pricing and market making
  • Support directly Trading, Sales and Structuring on a day-to-day basis by helping analyse specific trades/risks and applying the optimal pricing model
  • Pricing, risk management and relative value for flow, exotic and primary desks
  • Assessing the suitability of the models used by reviewing their assumptions, derivation, implementation and limitations
  • Responsible for best practices for PnL Explain and Predict globally
  • Involvement in key transversal regulatory topics such as FRTB or MIFID II
  • Interaction with risk teams for market risk capital models such as VaR, Stressed VaR, IRC, CRM or IMM.

Technical skills required:

  • A minimum of a Masters or PhD in a quantitative subject such as Computer Science, Mathematics, Physics, Quantitative Finance or Engineering
  • Excellent programming skills (C++, Python, Java, R or other equivalent)
  • Data manipulation and database experience
  • Interest in financial markets, economics and quantitative finance
  • Experience of electronic markets, models and arbitrage strategies is not a prerequisite but a strong plus

Start Date: ASAP

Duration: 6-11 months

Salary: Competitive

Location: London

ΛPPLY

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including more than 149,000 in Europe.
BNP Paribas holds leading positions in its three major operating divisions:

⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval;
⚆ Investment & Protection Services for savings, investment and protection solutions;
⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients.

The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.