London - Graduate Associate Programme 2021 - Automated Market Making

Europe
UK
London
Graduate / Analyst
Global Markets
Not applicable

Who We Are

BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. We are part of the BNP Paribas Group, a financial institution with solid foundations and a proven ability to adapt to change. If you are thinking about a career in investment banking, there is no better place to begin your journey than with BNP Paribas CIB. With nearly 30,000 employees in over 55 countries, we can offer you an exciting start to your career.

At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realize their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now works in our multi-award-winning Asia Pacific offices and we are a committed player in all markets.

Strong risk management, combined with the stability that comes from being part of one of the largest banking groups in the world, underpin our success. Joining us, you’ll become an integral part of a dynamic team that spans nationalities, cultures and backgrounds, drawing together people from around the globe and reflecting our commitment to international placements.

 

About Global Markets

Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including institutionals, corporates, private banks and retail distribution networks.

Global Markets encompasses five global business lines;

· G10 Rates,

· Equity Derivatives (“EQD”),

· FXLM & Commodity Derivatives,

· Prime Solutions & Financing, and

· Primary & Credit Markets, helping their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk.

 

Global Markets is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading floors located in London, Hong Kong, New York, Paris, Singapore and Tokyo.

 

What you’ll do

AMM (Automated Market Making) work is ranging from building electronic market making strategies, algorithm design, execution strategies to provide liquidity internally and externally on large range of products and subsequently hedging risk inherited from internal and exchange flows. The day to day job is highly quantitative and IT driven.

As a new joiner in the London team, the candidate will contribute to the day to day activity of the desk with a strong focus on quantitative research/trading and with strong interactions between quant traders and IT strategists (both in Paris and London). The primary working landscape will be on finding ways to improve the execution on Commodities for both the client business of the single dealer platform Cortex CD and the investor business with the index replication. Those improvements will come from either market indicators / signals (imbalance, flows, microstructure, fair value) or improved cinematics / algorithms.

The role competencies include:

  • Being fluent with internal tools, back testing tools and analytics library (Lynx/XTI/EDGEstat)
  • Back-test systematic Market Making strategies
  • Perform simulation of execution strategies
  • Help improve execution both liquidity placement and liquidity taking
  • Work on modelling cross assets relationships
  • Work with strategist to implement tools adaptation (Automaton : Edge / Backtester : Lynx)
  • Handle production as other members of the team.
  • Perform Academic research digest on quant modelling topics

 

Competencies required for the role

  • Excellent Analytics and Quantitative skills
  • Knowledge of programming language : Python is a must, Java is a plus
  • Demonstrate tenacity
  • Strong interpersonal skills and proactive approach to problem solving
  • Ability to work under pressure and multi-task
  • Strong organisational skills
  • Team Player
  • Strong academic record, by preference Master in Quantitative finance
  • Previous internship or work experience related to modelling/programing is a plus

 

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

 

Start Date: August 2021

Salary: Competitive

Location: London

This programme is closed to applications.