Bank Overview
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 83 countries, with nearly 183,000 employees globally, including around 145,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
Business Area/Dept Overview
The role sits within Markets (‘M360’), the transversal research group within Global Markets. Within that group, the role would be within the Macro Quantitative Derivatives Strategy team and specifically allocated to the asset allocation and QIS Strategy team.
Purpose and Scope of Role
Purpose:
The role exists to support the content generation of the asset allocation and QIS strategy team within M360. It entails developing quantitative models to help our clients allocate capital across both traditional asset classes and QIS strategies covering both topics of portfolio construction, tactical signals and identification of new systematic strategies. The role will include client-facing responsibilities, communicating to clients our research content.
Scope:
• Global scope, responsible to support Asset allocation and QIS strategy effort with M360.
Key Responsibilities of Role
The role entails three key responsibilities:
• First, the strategist will work on expanding and deepening our quantitative toolkit in constructing portfolios and timing asset classes and styles. This objective will involve actively reading academic and practitioner literature on portfolio optimization, asset pricing and risk premia, developing and backtesting systematic strategies and coding new tools/models in Python.
• Second, the strategist will be instrumental in communicating research views to clients, working closely with sales and structuring to assist clients in their asset allocation process. This will entail maintaining familiarity with the wider research offering at BNP Paribas, the QIS product offering and the effective communication of the team’s views to our client base.
• Finally, the strategist will help mentor junior resources helping them develop their quantitative and coding skill set.
Experience, Qualifications & Competencies
Essential
• Strong quantitative background evidenced by a Master’s degree in a STEM discipline.
• Strong understanding of financial engineering, broad economics and asset management concepts with regards to portfolio construction (optimization), simulation and back-testing.
• Strong communication skills, ability to explain simply and succinctly complex ideas including quantitative concepts and methodology to a diverse audience.
• Fast-paced approach to research, ability to deliver projects under tight deadlines and cycle quickly through research projects.
• Ability to multi-task and work simultaneously on various research projects.
Preferred
• Fluency in French.
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 Month/Year: March or August 2025
Salary: Competitive
Location: London
PLEASE NOTE
- You may only apply for up to 1 Graduate Programme (or 1 Summer Internship Programme) per recruitment year.
- Successful candidates for this role must be based in London from the start of their programme.
- Candidates are encouraged to submit their application as soon as possible to avoid disappointment.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas Global Markets and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas Global Markets for the relevant recruitment round.