Quantitative Analyst - GMQR Prime Strategist
BNP Paribas
Date: 3 weeks ago
City: Mumbai, Maharashtra
Contract type: Full time
About BNP Paribas Group
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.
About Business Line/Function
Prime Services leverages the banks experienced global team with in-depth market knowledge to provide execution, clearing and financing solutions across asset classes to both Institutional and Hedge fund clients.
Job Title
Associate Level-1/Senior Associate
Date
Department:
Global Markets Quantitative Research
Location:
Mumbai
Business Line / Function
GMQR Prime Services
Reports To
(Direct)
Grade
(if applicable)
(Functional)
Number Of Direct Reports
NA
Directorship / Registration
NA
Position Purpose
Global Market Quantitative Research (GMQR) Team is responsible for most aspects of quantitative research within the Global Market universe, covering Interest Rates, FX, Credit, and Equity. There are teams in London, New York and Asia supporting trading activities of the flow and structured desks. They are responsible for the development of pricing, risk, margin, and profitability models and their implementation in the global analytics library.
GMQR Prime Services is in charge of providing expert solutions to the Equity Prime Services suite of businesses for both trading / client facing activities and internal cost optimization. It covers modelling of rates, client analytics, stock loan automation/optimization, funding/resource optimization, inventory management and Delta One basket pricing. The teams develops sophisticated models and put in place the infrastructure and the technology to develop, support and optimize the activity and facilitate trading.
Responsibilities
Within GMQR Prime Services, the role focuses on all areas of the Prime Service business – ranging from client pricing, stock loan automation / pricing, funding & resource optimization, inventory management and Delta One pricing. This is a front office Associate quantitative research role.
Behavioural Skills:
Ability to collaborate / Teamwork
Critical thinking
Communication skills - oral & written
Attention to detail / rigor
Transversal Skills
Analytical Ability
Education Level
Bachelor Degree or equivalent
Experience Level
At least 2 years
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.
About Business Line/Function
Prime Services leverages the banks experienced global team with in-depth market knowledge to provide execution, clearing and financing solutions across asset classes to both Institutional and Hedge fund clients.
Job Title
Associate Level-1/Senior Associate
Date
Department:
Global Markets Quantitative Research
Location:
Mumbai
Business Line / Function
GMQR Prime Services
Reports To
(Direct)
Grade
(if applicable)
(Functional)
Number Of Direct Reports
NA
Directorship / Registration
NA
Position Purpose
Global Market Quantitative Research (GMQR) Team is responsible for most aspects of quantitative research within the Global Market universe, covering Interest Rates, FX, Credit, and Equity. There are teams in London, New York and Asia supporting trading activities of the flow and structured desks. They are responsible for the development of pricing, risk, margin, and profitability models and their implementation in the global analytics library.
GMQR Prime Services is in charge of providing expert solutions to the Equity Prime Services suite of businesses for both trading / client facing activities and internal cost optimization. It covers modelling of rates, client analytics, stock loan automation/optimization, funding/resource optimization, inventory management and Delta One basket pricing. The teams develops sophisticated models and put in place the infrastructure and the technology to develop, support and optimize the activity and facilitate trading.
Responsibilities
Within GMQR Prime Services, the role focuses on all areas of the Prime Service business – ranging from client pricing, stock loan automation / pricing, funding & resource optimization, inventory management and Delta One pricing. This is a front office Associate quantitative research role.
- Participate in global research on various aspects of pricing of Cash PB, Synthetic TRS and Baskets
- Contribute to the design and development of Inventory Management tools.
- Development of a variety of models to estimate factors such as inventory depletion, short interest etc
- Support the legacy suite of applications (primarily python) and contribute to the design and build of both tactical and strategic future solutions.
- Understand legacy processes written in C#
- Ability to understand technologies used for real time solutions: messaging queues etc and also the ability to build robust solutions which can communicate / interact with critical IT processes.
- Understanding of API design and performance enhancements
- Strong knowledge of CI/CD pipelines.
- Support the Stock Loan and Funding desks by performing advanced analysis on a daily basis.
- Take an active part in all front office activities by collaborating with other functions (Trading, Sales, IT and Market Risk) and Research globally and also develop relations with various stakeholders.
- Graduate degree in mathematics or engineering with strong analytical skills. Knowledge of finance is a bonus.
- Strong analytical skills and technical background in mathematics, computer science or finance.
- Strong and demonstratable prior programming experience in Python.
- Basic knowledge of C#
- Basic of CI/CD pipelines, Kubernetes, Docker
- Knowledge of statistics as well as optimization algorithms.
- Effective communication skills, ability and willingness to engage the business
- Delivery focused and willingness to collaborate with other teams.
- Familiarity with Financing business (Stock Loan, Funding, Delta One) is not necessary but a huge plus
Behavioural Skills:
Ability to collaborate / Teamwork
Critical thinking
Communication skills - oral & written
Attention to detail / rigor
Transversal Skills
Analytical Ability
Education Level
Bachelor Degree or equivalent
Experience Level
At least 2 years
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