At a Glance
- Tasks: Conduct validation studies and analyses on financial models with a supportive team.
- Company: Dynamic financial institution focused on innovation and collaboration.
- Benefits: Gain hands-on experience, mentorship, and networking opportunities in finance.
- Other info: Collaborative environment with opportunities for growth and learning.
- Why this job: Make an impact by ensuring the reliability of cutting-edge financial models.
- Qualifications: Master's degree in Financial Mathematics or equivalent; programming skills required.
The predicted salary is between 63000 - 77000 £ per year.
Summary
With the help of the internship supervisor, in charge of a validation study topics within the model validation team.
The model validation team is the essential team to ensure the viability, robustness and reliability of the FO pricing models before they can be used for production purpose.
All the new FO models/methodologies or any methodological changes should be validated by the team.
For each validation request, the team analyses the assumptions and the proposed model/methodology to verify the theoretical relevance to the problem it is designed to address.
Then tests and analysis will be done to check the implementation as well as the behaviours of the model/methodology in terms of robustness and reliability.
As long as it is possible, in particular for important pricing models, the team will re implement the model in the team’s internal library which covers all the asset classes (IR, FX, Hybrid, equity, XVA, credit).
The whole study is expected to challenge all the aspects of the model/ methodology and its numerical implementation.
Moreover, the team exchanges closely with FO Research team and Trading desk on a large range of topics related to models & methodologies.
In addition, the team also works closely with the RM team and provides them technical support on all model/methodology related issues, in particular, on the various risk reports.
The candidate is required to have at least a master degree level in Financial mathematics or equivalent.
In particular, the candidate should be familiar with stochastic calculus (Brownian motion, Ito Lemma, numeraire change) and relevant numerical methods (Monte Carlo, PDE resolution, asymptotic analysis).
In addition, basic skills of programming are also required in order to implement models.
Team work is the essential part of the role and communication capacity is also required for exchanges with various teams (FO, Risk, IT, etc).
Key Responsibilities
- In accordance with FO model validation requests, organise and conduct the validation study with the internship supervisor.
- In case of need, conduct ad hoc analysis for Risk methodologies and provide technical support to RM teams.
- Contribute in the team’s internal library for pricing and XVA models/methods.
- Legal and Regulatory Responsibilities
- Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
- Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
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Quantitative Analyst Intern in London employer: Crédit Agricole Group
Join a leading financial institution in London that prioritises employee development and offers a vibrant work culture. As an intern, you will benefit from hands-on experience across various teams, mentorship opportunities, and a collaborative environment that fosters growth and innovation. With a commitment to diversity and inclusion, this company provides a unique platform for aspiring professionals to thrive in the fast-paced financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Analyst Intern in London
✨Tap into Campus Resources
Universities often have strong ties with banks and financial institutions. Make sure to check in with your career services for any internship fairs or networking events. These can be golden opportunities to meet representatives from firms like Crédit Agricole Group and make a lasting impression.
✨Join Finance Societies and Clubs
Get involved with finance or investment clubs at your university. These not only offer great networking potential but often host guest speakers from the industry. Show your enthusiasm and engage with these professionals—who knows, they might tip you off about internship openings at Crédit Agricole Group!
✨Have Your Application Ready to Go
Internship applications can be competitive and come with tight deadlines. Be proactive! Have your CV and cover letter prepared and tailored for roles at Crédit Agricole Group. When the openings go live, you’ll want to be one of the first to apply.
✨Leverage LinkedIn for Connections
LinkedIn is a powerful tool, especially in the banking sector. Follow recruiters from Crédit Agricole Group and connect with alumni who are working in similar roles. Don’t hesitate to drop them a message to introduce yourself and express your interest in internships—they might have insider info or even refer you!
We think you need these skills to ace Quantitative Analyst Intern in London
Some tips for your application 🫡
Show Off Those Grades!:In banking and financial services, your academic background is super important. Make sure to highlight your grades, especially in finance, economics, or maths. If you've got any relevant coursework or projects, don’t hesitate to include them in your CV!
Craft Your Cover Letter with Care:For an internship, we want to see your enthusiasm and motivation. Use your cover letter to explain why you’re excited about this opportunity at Crédit Agricole Group and what you hope to learn. Be personal and connect the dots between your education and the role of Quantitative Analyst Intern.
Squeaky Clean CV:Your CV should be clear and free of jargon. Focus on the skills that matter most in the banking sector, like analytical thinking and attention to detail. Don't forget to include any internships or part-time jobs that show your experience in a banking environment!
Utilise Relevant Experiences:If you've been involved in finance-related clubs or societies at university, mention that in your application. Showing your practical experience alongside your studies can make a real difference and demonstrate your passion for the financial world. We love seeing candidates who go the extra mile!
How to prepare for a job interview at Crédit Agricole Group
✨Show Us Your Analytical Skills
As an intern in the banking and financial services sector, you'll want to showcase your analytical skills. Be ready to tackle numerical and case questions during your interview. Brush up on your data interpretation abilities and consider scenarios where you've used data to solve problems.
✨Know Your Financial Tools
Familiarise yourself with the financial tools and software commonly used in banking, like Bloomberg or Excel for financial modelling. We recommend having a couple of examples where you've applied these tools in your studies or projects to impress the interviewer.
✨Be Passionate About Learning
Internships are all about learning, so express your enthusiasm for the banking industry. Share what trends you're excited about, or recent news you've followed, to show you're motivated and engaged. This can set you apart from other candidates who might be less enthusiastic.
✨Prepare for Behavioural Questions
Expect behavioural questions that assess your fit within a team and your ability to handle challenges. Think of examples from your studies or group projects that highlight your teamwork, adaptability, and communication skills. We want to see how you've navigated situations that are relevant to the workplace!
