At a Glance
- Tasks: Conduct validation studies and support model development in a dynamic team.
- Company: Join Crédit Agricole CIB, a leader in sustainable finance and innovation.
- Benefits: Gain valuable experience, mentoring, and opportunities for personal growth.
- Other info: Collaborative culture with a focus on diversity and social responsibility.
- Why this job: Make a real impact in the future of banking while developing your skills.
- Qualifications: Master's degree in Financial Mathematics and programming skills required.
The predicted salary is between 63000 - 77000 £ per year.
With the help of the internship supervisor, in charge of a validation study topics within the model validation team. The model validation team is essential to ensure the viability, robustness and reliability of the FO pricing models before they can be used for production purposes. All 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 asset classes (IR, FX, Hybrid, equity, XVA, credit). The whole study is expected to challenge all aspects of the model/methodology and its numerical implementation. Moreover, the team exchanges closely with the 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. Teamwork is an 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 to 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.
Supplementary Information
Our commitment to you! Make an impact that matters. Your work contributes to a social responsibility and sustainable future. As a founding signatory of the Equator Principles and a global leader in sustainable finance, we finance projects that benefit both people and the planet. You can extend your impact through our Charities Committee, which provides annual paid volunteering leave to support causes you care about.
Grow without limits. Access development opportunities across the Crédit Agricole Group; whether deepening expertise, exploring new skills or taking on roles across borders. Our structured mentoring programme connects you with experienced colleagues, while cross-functional projects and learning initiatives help you build the capabilities that matter most to you.
Thrive in a culture built on trust. Be part of a collaborative environment built on trust, autonomy, and empowerment. Diversity is celebrated through our SPRING Diversity network, and our Sports and Social Club fosters genuine connections beyond the workplace. Crédit Agricole CIB is not just a place to work, it is a place where you can make a positive impact.
Shape the future of banking. From digital transformation to innovative solutions, you are fully supported to challenge conventions and turn ideas into reality. Our hiring process is open to all. Should you require any accommodations, please let us know.
Geographical area: Europe, United Kingdom. City: London. Bachelor Degree / BSc Degree or equivalent. Educated to degree level. Strong skills in mathematical finance.
Experience
Analytical, innovating, planning, team working and independence.
Technical skills required
Strong skills in mathematical finance. Knowledge/experience in C++ programming and ability to programme in a common library project.
Languages
General information Entity About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB). Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world. We support major companies and financial institutions in their development and the financing of their projects. As pioneers in responsible finance, social and environmental commitments are at the heart of our activities. Joining our teams means working in a multicultural environment, both dynamic and stimulating, where you will contribute to developing a sustainable economy. We support employees throughout their journey: you will develop your skills and access various mobility opportunities among the diversity of our businesses in more than 30 international locations. Our culture is built on collaboration, innovation and openness, where everyone is valued and empowered. By working every day in the interest of society, Crédit Agricole CIB aligns with the Group values committed to diversity and inclusion and placing people at the heart of all its transformations. All our jobs are open to people with disabilities. We welcome applications from candidates of all backgrounds and experiences.
Ready to take part in our mission?
Quantitative Analyst Intern in London employer: Crédit Agricole SA
Crédit Agricole SA is an exceptional employer, offering a vibrant work culture in the heart of London that fosters professional growth and development. Interns in the Structured & Transactional Commodity Finance team will benefit from hands-on experience in a dynamic investment banking environment, with ample opportunities to enhance their finance and project management skills while contributing to impactful transactions across the EMEA region.
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We think you need these skills to ace Quantitative Analyst Intern in London
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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!
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How to prepare for a job interview at Crédit Agricole SA
✨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.
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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.
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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!
