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Associate Level-1/Senior Associate - Quantitative Analyst - GMQR Prime

1-3 years

Mumbai

1 vacancy

Associate Level-1/Senior Associate - Quantitative Analyst - GMQR Prime

BNP Paribas

posted 2d ago

Job Role Insights

Flexible timing

Job Description

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.

  • 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.
  • 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.

Technical & Behavioral Competencies

1. Graduate degree in mathematics or engineering with strong analytical skills. Knowledge of finance is a bonus.

  1. Strong analytical skills and technical background in mathematics, computer science or finance.
  2. Strong and demonstratable prior programming experience in Python.
  3. Basic knowledge of C# 
  4. Basic of CI/CD pipelines, Kubernetes, Docker

6. Knowledge of statistics as well as optimization algorithms.

7. Effective communication skills, ability and willingness to engage the business

  1. Delivery focused and willingness to collaborate with other teams.
  2. Familiarity with Financing business (Stock Loan, Funding, Delta One) is not necessary but a huge plus

Skills Referential

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



Employment Type: Full Time, Permanent

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Prepare for Quantitative Analyst roles with real interview advice

Top BNP Paribas Quantitative Analyst Interview Questions

Q1. How is a change request in application serviced by development team (business analysis, code analysis, discussion with BA, requirment freeze ... read more
Q2. What are derivatives, capital market, money market?. What is the formula for NAV?. What are forward, futures and options?.
Q3. if we dont specify anything in group by aggregator what will happen
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What people at BNP Paribas are saying

Quantitative Analyst salary at BNP Paribas

reported by 2 employees with 1-10 years exp.
₹237.5 L/yr - ₹262.5 L/yr
1318% more than the average Quantitative Analyst Salary in India
View more details

What BNP Paribas employees are saying about work life

based on 1.6k employees
56%
91%
71%
91%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

BNP Paribas Benefits

Free Transport
Cafeteria
Health Insurance
Work From Home
Soft Skill Training
Job Training +6 more
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BNP Paribas Mumbai Office Locations

View all
Mumbai Office
BNP Paribas India Solutions Pvt. Ltd, Unit No.601, 6th Floor, Infinity Building No.4, Off Film City Road, Malad East Mumbai
Maharashtra 400097
Mumbai Office
BNP Paribas Wealth Management India Pvt. Ltd, BNP Paribas House, 1, North Avenue, Maker Maxity, 6th floor Bandra Kurla Complex, Bandra (East) Mumbai
Maharashtra 400051

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