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END-OF-STUDIES INTERNSHIP / Stage - QUANT - Estimation des means reversion dans les modeles de taux

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Murex

2mo ago

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    IT & Cybersecurity
  • Paris

AI generated summary

  • You should be a final-year engineering or master's student with strong capital markets knowledge, proficient in Python/C++, and possess dynamism, rigor, and autonomy for agile work.
  • You will analyze the stability of new methods on a mono-factor Hull-White model, extend studies to multi-factor models, and focus on solution reliability and computation times.

Requirements

  • Étudiant en dernière année d'École d'Ingénieurs/Informatique ou en Master universitaire, vous avez de solides connaissances des marchés de capitaux et des modélisations et méthodes associées.
  • Vous avez de bonnes connaissances en Python / C++.
  • Dynamique, rigoureux, et autonome, vous êtes capable de travailler dans un environnement agile.

Responsibilities

  • Etudier la stabilité et la robustesse de ce s nouvelles méthodes sur un modèle Hull-White mono-facteur.
  • Etendre l ' étude aux modèles 2 facteurs. Une des principales difficultés est la distinction des 2 means reversions avec en plus l'effet de la corrélation entre les facteurs.
  • Etendre aux modèles multi-facteurs (plus de 2). Une attention toute particulière sera portée à la fiabilité et la stabilité des solutions proposées et développées ainsi qu'aux temps de calcul.

FAQs

What is the main focus of the internship position?

The main focus of the internship is to study and estimate the mean reversion rates in short rate models, particularly in relation to the pricing of certain derivative products.

What specific models will the intern be working with?

The intern will primarily work with the Hull-White one-factor model and extend the studies to two-factor and multi-factor models.

What qualifications are required for this internship?

Candidates should be in their final year of an Engineering or Computer Science degree or a Master's program, with solid knowledge of capital markets and related modeling methods.

What programming languages are required for the internship?

Good knowledge of Python and C++ is required for this internship.

How long is the duration of the internship?

The duration of the internship is 6 months.

When is the potential start date for the internship?

The start date is flexible, but candidates must be available for a duration of 6 months.

What kind of work environment can interns expect?

Interns can expect a dynamic, agile, and international work environment in a multicultural team that supports innovative projects.

Will interns have access to advanced technology during their internship?

Yes, interns will have access to the latest technologies, such as GPUs, if needed.

What characteristics are sought after in a candidate for this internship?

Murex is looking for candidates who are dynamic, rigorous, and autonomous, with the ability to work effectively in an agile environment.

Is this opportunity suitable for someone with a background in finance?

Yes, candidates with a background in finance, particularly with knowledge of capital markets and financial modeling, would find this opportunity suitable.

Smart Technology for Capital Markets

Technology
Industry
1001-5000
Employees
1986
Founded Year

Mission & Purpose

For more than 35 years, Murex has provided enterprise-wide, cross-asset financial technology solutions to capital markets players. Its cross-function platform, MX.3, supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk and control IT costs. With more than 60,000 daily users in more than 65 countries, Murex has clients across the financial services industry, from banking and asset management to energy and commodities. Murex is an independent company with over 2,700 employees across 19 locations. Murex is committed to providing cutting-edge technology, superior customer service and unique product innovation. MX.3 is specifically designed and engineered to meet the multifaceted challenges of a transforming financial industry.