Graduate Associate Programme – Global Markets Quantitative Research

BNP Paribas’s Global Markets Quant Graduate Associate develops mathematical pricing and risk models, supports trading teams and contributes to AI and electronic trading projects.

Company Purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

 Our employer promise is built around three pillars:

•  Being a great place to work.

• Committed to sustainability and having a positive impact.

• Being dedicated to the development of our people.

Business Area

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 Graduate Program is designed to provide you with first-class training and immediate responsibility. You will participate to a 3 week-induction 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 to help you with your career development.

We have open Quant Graduate positions in the quant teams supporting our Business Lines (Rates, Credit, FX, Repo & Financing and Prime Services).

Quantitative Research teams are responsible for the development of pricing and risk management models. They have daily exposure to structurers, traders, sales as well as our technology and risk management teams.

Job Purpose 

The role is designed to support the Graduate in developing skills and experience in Global Markets Quantitative Research activities.

 Key Responsibilities

•  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 models;

• Pricing, risk management and relative value for linear, non-linear 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;

• Joint projects with the GM LAB and Algo Trading Quants on  ML, AI and electronic trading projects;

• Interaction with Risk teams for Market Risk Capital Models, Stress Testing, Limits Monitoring, Counterparty Risk, etc.

Requirements

Technical Skills and Qualifications

•  A minimum of a Master's 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;

• Delivery driven mind-set;

• Strong interpersonal skills and proactive approach to problem solving;

• Ability to work under pressure and multi-task;

• Strong organisational 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.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

 PLEASE NOTE

•  You may only apply for one Graduate Programme per academic year (Quant, Global Markets, Technology, Global Banking or Transactional Banking).

• Successful candidates for this Graduate Programme will be considered for this specific Global Markets Quant Graduate Associate Programme ONLY.

• Successful candidates for this Graduate Programme will be considered for London ONLY.

A bit more about why you should join us

 1. We’re a great place to work

 We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile).

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

•  Generous holiday allowance of at least 26 days (plus bank holidays) - with option to buy and sell holidays.

• Valuable financial plans - a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

• Extensive wellbeing and mental health offering - one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.

• Key onsite services and facilities in London - include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.

• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
  * Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

•  Direct feedback from our people shows that our internal culture sets us apart from our industry peers.

•  Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

  • Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal Opportunities 

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.