Key Words: engineering, mathematics, quantitative research, quant, programming, finance, modelling, models, risk, valuation, derivatives, credit, stochastic calculus
About the job
The Flow Credit team is responsible for the development and implementation of analytic tools for pricing, market making, risk management and PnL explain of all products related with the Flow Credit trading desks. Main traded products include Bonds, CDS, Index, and ETFs. The role will be in Lisbon or Porto, Portugal, working within a team of finance professionals supporting BNPP Global Market activities globally. Training in London may be provided at the beginning of the role in order to become familiar with the setup and to build relationships with other team members
Your Main Activities Are
- Contribute to the team’s pricing analytics and related tools, by following development best practices and sharing knowledge with the rest of the team
- Enhance and support the analytics and tools used by the Flow Credit trading desks, to help them manage the valuation and risks of their books
- Support the IT chain, including booking systems and risk engine, by identifying issues and implementing fixes in the team’s analytics library, and do the necessary follow up with users, such as communication with trading, structuring, IT, Risk, MO and project managers
Profile and Skills to Success
- Masters or PhD degree in Mathematics, Statistics, Finance, Physics or Engineering
- Interest in how financial markets and instruments work
- Analytical mind set with attention to details
- Solid experience with at least one programming language
- Fluency in English
It will be a nice plus if you have:
- Knowledge of one class of financial instruments: Equity, FX, Interest Rates, Credit or OTC derivatives
- Knowledge of key concepts in financial mathematics and stochastic calculus
- Experience with an interpreted language, such as Python, JavaScript, Matlab
- Experience with a compiled language, such as C++, C#, Java
- Good understanding of Computer Science, such as algorithms, complexity, data structures
About the Team
Global Markets Quantitative Research and Engineering (GMQRE) is a highly motivated team of financial engineers and computer scientists based in Lisbon and Porto, researching and performing quantitative engineering on diverse cross asset topics in equity, interest rates, credit, FX and XVA. We work on innovative financial models, contribute to pricing libraries, maintain and implement the architecture of closely-knit systems driving the booking and valuation framework of the bank. Along with the data engineers of Quantitative Data Intelligence (QDI) and the GM Data and Artificial Intelligence Lab, we are more than 60 high caliber engineers part of the Global Markets Front Office and we collaborate closely with Trading, Sales, Risk and IT across APAC, EMEA and Americas on daily basis
#LI-Hybrid
Why joining BNP Paribas?
- Leading banking institution
Leading player in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe
The Group holds key positions in several areas of banking and financial services that are structured around three operating divisions:
- Corporate & Institutional Banking (CIB) connects companies needing financing and institutional clients looking for investment opportunities division that offers tailored financial solutions for corporate and institutional clients
- Commercial, Personal Banking & Services (CPBS) brings together all our commercial banks and several specialised businesses heard
- Investment & Protection Services (IPS) combines a unique continuum of products and services across protection, saving, investment and real estate including specialised businesses offering a wide range of savings, investment and protection services
In Portugal since 1985, BNP Paribas today has more than 9.220 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 centres of expertise providing value-added services to various countries where the BNP Paribas Group also operates.
- Diversity and Inclusion commitment
BNP Paribas ´ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction. We demonstrate our commitment by actively contributing to the Group’s Diversity and Inclusion strategy and goals, in line with the United Nations Sustainable Development Goals. As part of our local Corporate and Social Responsibility – Diversity & Inclusion strategy, BNP Paribas Portugal is committed to:
- Promote a fair and unbiased recruitment process and offer professional development opportunities to all employees
- Celebrate diversity and advocate for inclusion, both externally and internally, encouraging employee’s participation, creating space for different voices to be heard.
To foster the effort of BNP Paribas Portugal, multiple initiatives and events take place throughout the year where our people can find out more on the importance of diversity inclusion at the workplace and in our society.
- Remote Working Conditions
At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working options adapted to our hybrid working environment. To ensure a comfortable and efficient working setup, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices.
- Commitment towards work/life balance
Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working program. At BNP Paribas, we care about our employees’ wellbeing and promote a culture of good integration between work and personal life.
To find out more on why you should join BNP Paribas please read our Employee Value Proposition and our Career path page.
* Please note that only applications submitted in English will be considered.
* In case you are selected for this role, further documentation will be requested to support your hiring process.
