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.
The Graduate Program is designed to provide you with first-class training and immediate responsibility. You will participate to a 3 weeks induction before moving into a full-time role in one of our quant teams. As a graduate you will have access to a number of workshops, inhouse training and networking events. You will also be assigned a mentor to help you with your career development.
We have open quant graduate 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.
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 LIBOR;
- Decommissioning;
- 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.
Conduct
- Be a role model, supporting and fostering a culture of good conduct;
- Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks;
- Consider the implications of your actions on colleagues.
Please note
- You may only apply for up to 1 Graduate Programme (or 1 Summer Internship Programme) per recruitment year.
- Successful candidates for this role must be based in London from the start of their programme.
- Candidates are encouraged to submit their application as soon as possible to avoid disappointment.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas Global Markets and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas Global Markets for the relevant recruitment round.
