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
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.
Purpose and Scope of Role
Purpose:
• So that the bank is able to quote its clients more efficiently, the successful candidate will help with models on the volatility fair value, the spreading and skewing of all RFQ pricing. Automation to risk manage the delta of the books will also be conducted.
• On top of that, a systematic study of client data in order to improve trading pricing and hit ratio will be part of the development.
Scope:
• While the role is based in London, all the initiatives will be used by the FX Options desk globally (US, EMEA, Asia).
Key Responsibilities of Role
In this role, the candidate will:
• Continuously improve the monitoring of the electro Trading activity, making sure that the tools developed can be used by a larger Trading audience.
• Improve and automate the spreading logic and skewing logic of the market making activity for the whole trading desk.
• Work with Quant Strategists to continuously improve the volatility fair value based on market data.
• Being able to propose ideas on the development of Gamma Hedging automatons.
• Study dataset of client activity to improve the pricing and hit ratio.
Experience, Qualifications & Competencies
• A minimum of a Masters or PhD in a quantitative subject such as Computer Science, Mathematics, Physics, Quantitative
Finance or Engineering;
• Excellent programming skills: Python, SQL is a must;
• 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;
• Delivery driven mind-set;
• Strong interpersonal skills and proactive approach to problem solving;
• Ability to work under pressure and multi-task;
• Strong organizational skills;
• Team Player.
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.
Duration: 6-11 months
Salary: Competitive
Location: London
PLEASE NOTE
- You may only apply for up to 4 long term internships per recruitment year.
- Successful candidates for this long term internship must be based in London from the start of their role.
- Please discuss the available start dates with your interviewers.
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.