Back to offers list
We are looking for

London - Long Term Internship 2024 - Rates, Credit & FX Quantitative Research

Last update 16.08.2023

Who we are

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.

We have open long term intern positions in the quant teams supporting our Business Lines (Rates, 
Credit and FX).

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.

What you will do

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

Technical skills required:

  • 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


Start Date: ASAP
Duration: 6-11 months
Salary: Competitive
Location: London

Interested by our offer? Don't wait any longer!

Discover the different professions within BNP Paribas: IT, Tech and Data

BNP Paribas is not just a financial services group. We’re also a tech company. Information systems, data and tools are central to our DNA, and offer a very broad range of career opportunities!

Find out more

Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

Find out more