Rates, Credit & FX Quantitative Research - Long Term Internship (Start ASAP)

About BNP Paribas UK

BNP Paribas is a leading bank in Europe with an international reach. BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.

Your role

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 structures, traders, and sales as well as the technology and risk management teams.

What you will do:

• 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

The length of the internship is 6-11 months. The long-term intern will work within the eGlobalCredit team to assist with key secondary digital activities. The internship will involve discrete, independent Sales and Trading data analysis projects which will require direct communication with Sales and Traders. The intern will also have the opportunity to be directly involved in the Product management process for key front-office applications including with internal marketing and helping with training and communication. Additionally, there will be chances to be a key part of cutting-edge AI/LLM deployment within Credit including testing, idea generation, and marketing.

Benefits

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

• Personal development
• Technical training
• Business and finance training
• Management development
• Talent programmes
• Healthcare
• Gymnasium

Career progression

In your week-long induction, BNP Paribas will cover tech and professional skill training, workshops, speaker series, and networking and social events, combined to give you a real flavour of life at the company. You’ll also have the opportunity to shadow colleagues to give you up-close exposure and an understanding of where your skills and strengths are. Throughout your internship you will be assessed for a graduate role, so will undertake group projects and presentations to help with your personal and professional development.

Work-life balance

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

Culture & vibe

BNP Paribas fosters an open, inclusive, and collaborative environment, where all are made to feel welcome from day one. The company has a friendly staff that believes in supporting each other and working together on specific tasks and projects to achieve success.

About you

Technical skills required:

• A minimum of a Master's 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 in electronic markets, models, and arbitrage strategies is not a prerequisite but a strong plus

Sources

The following sources were used in researching this page:

• youtube.com
• bnpparibas.co.uk