London - Graduate Program 2018 - Quantitative Research
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 Quant Graduate Program is designed to provide you with first-class training and immediate responsibility. You will participate to a 6 weeks Bootcamp 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, in-house training and networking events. You will also be assigned a mentor in the quant team 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) and in our e-FIC team.
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.
Key Responsibilities:
- Creating and implementing the mathematical models and strategies used for pricing and market making
- 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 quantitative regulatory topics
- Interaction with RISK teams for market risk capital models such as VaR, Stressed VaR, IRC, CRM or IMM.
The e-FIC Team carries out quantitative research in electronic trading of Fixed Income (Rates and Credit) and Currency (FX) products. Its aim is to provide fully automated solutions for market making desks.
Key Responsibilities:
- Support Trading and Sales by providing algorithmic pricing, quoting, risk management and execution tools to help automate their workflow
- Conduct research and analysis using historical datasets to develop models behind the automation tools
- Interact with Trading, Sales and IT to ensure a timely delivery of projects to all interested parties' standards
- Continuously improve existing models to adapt to an ever changing market landscape
Technical skills required common to the 2 teams:
- 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
Closing Date: 17th February 2018
Location: London
Salary: Competitive
This programme is closed to applications.
