Rates, Credit & FX Quantitative Research - Long Term Internship

About BNP Paribas

BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas.

Your Role

• Creating and implementing the mathematical models and strategies used for pricing and market making
• Support direct Trading, Sales, and Structuring on a day-to-day basis by helping analyze 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.

Training, development & rotations

You will be provided with a comprehensive induction, where you will be immersed in group training and discover more about the BNP Paribas Group.

From day one, you will start your business-specific technical and financial training, alongside personal skills development aimed at equipping you with the knowledge you need to get you the best possible start in your career. Working alongside the teams of industry-leading specialists, you will gain on-the-job training throughout your two-year program taking you along a development path to build your expertise and broaden your base of skills. You will also have the chance to experience other parts of the business through cross-entity projects, which will help you understand the approach to complex work and give you the chance to develop a strong internal network.

Throughout the program, you will be mentored by experienced managers and team members, as well as paired with a buddy from the early career cohorts who will make sure you are getting everything you need to grow.

Benefits

BNP Paribas offers competitive salaries and benefits, as well as a working environment where you’re valued as part of the team.

• Health Plans that Meet Your Needs
• Retirement Contributions
• Professional Development & Continuous Learning Programs​
• Generous Family Leave & Adoption Assistance
• Paid Time Off to Volunteer
• Discount & Perk Programs
• Pension contributions
• Subsidized gym
• Season ticket loans
• Flu vaccination

Career progression

A career with BNP Paribas offers an extraordinary opportunity to launch an international career by becoming part of a leading European bank with global reach. They offer an extensive range of professional development opportunities with an opportunity to build a career across functions, geographies, and businesses.

Work-life balance

BNP Paribas has built success on a system of values that fosters mutual respect and puts the team before the individual. It believes in supporting colleagues’ family and personal lives by helping them to strike an equitable balance between their personal and professional goals.

Company culture 

BNP Paribas is committed to building a sustainable future which it believes is founded on protecting the environment, promoting diversity, and encouraging a more inclusive society. It works each day to ensure that the business has a positive impact globally and the goal of becoming a leader in sustainable finance is at the core of all that it does.

BNP Paribas is committed to creating a healthy working environment where everyone thrives, with ethics and inclusion at its core.

About you

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

How to apply

This role is currently closed. If you are interested in this role click on the "Pre-Register" button and Prosple will inform you once this position is opened again.