Internship
London - Long Term Internship 2024 - Rates, Credit & FX Quantitative Research
BNP Paribas
•
1mo ago
🚀 Off-cycle Internship
London
AI generated summary
- You must have a Master's or PhD in a quantitative field, strong programming skills, data manipulation experience, and an interest in financial markets and quantitative finance. Experience with electronic markets is a plus.
- You will create and implement pricing models, support trading and sales, manage risk and validate models, and be involved in regulatory topics and market risk capital models.
Description
- 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 teams are 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.
Requirements
- 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
Education requirements
Masters
PhD
Area of Responsibilities
Banking & Finance
Responsibilities
- 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.
Details
Work type
Full time
Work mode
office
Location
London