At a Glance
- Tasks: Join our team to innovate in quantitative research and enhance financial models.
- Company: Dynamic financial firm in London focused on cutting-edge technology.
- Benefits: Gain hands-on experience, mentorship, and exposure to the finance industry.
- Other info: Collaborative environment with opportunities for personal and professional growth.
- Why this job: Make a real impact by automating processes and improving financial strategies.
- Qualifications: Strong mathematical skills and programming knowledge in C++, C#, or Python.
The predicted salary is between 20000 - 30000 £ per year.
Location: London
Overall purpose and main responsibilities and duties of the role:
The Fixed Income Credit Research team is undergoing multiple innovation projects, looking to rebuild the pricing library and to automate further testing and bug detection. The team currently builds the financial product models in the new framework and prepares the migration of existing products from the legacy library. The intern will help to accelerate the migration and improve testing and reconciliation capabilities including the usage of AI when possible.
Main responsibilities and duties of the role:
- Develop, implement and assess models used for pricing and risk management of structured credit and hybrid derivatives available in the trading books.
- Improve unit and regression testing in our C++ library.
- Develop quantitative research and analysis for financial pricing and hedging strategies.
- Keep abreast of cutting-edge approaches and best practices in the field of numerical simulation and mathematical models.
- Provide support on existing Front Office pricing architecture.
- Systematically document work and provide a clear view of process assumptions and numerical approximations.
KEY SKILLS AND EXPERIENCE:
- Mathematical, statistical and numerical skills (MSc/PhD) in a scientific subject.
- Programming skills in C/C++ or C# or Python.
- Knowledge in Financial Markets specifics.
- Knowledge of Summit is a plus.
Personal attributes:
- Motivated for Quant Research in Fixed Income Credit.
- Pragmatic with the right attitude and intellectual honesty.
- Strong problem-solving skills and risk consciousness.
- Good communication and presentation skills.
- Good team player.
- Ability to work on projects mostly independently with flexibility and creativity.
- To be able to communicate to the management in a clear and regular way on the progress of the various projects.
StudySmarter Expert Advice🤫
We think this is how you could land Intern - Quantitative Research, Fixed Income and Credit
✨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 LevelUP HCS 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 LevelUP HCS!
✨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 LevelUP HCS. 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 LevelUP HCS 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 Intern - Quantitative Research, Fixed Income and Credit
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 LevelUP HCS and what you hope to learn. Be personal and connect the dots between your education and the role of Intern - Quantitative Research, Fixed Income and Credit.
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 LevelUP HCS
✨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!
