2027 Capital Markets, Quants Summer Associate, Quantitative Technology Services

About the role

This is a 10-week summer program. Summer Associates have the opportunity to gain in-depth knowledge of Capital Markets, establish strong partnerships with business units and technologists around the world, and develop their skills by providing creative technical solutions to solve complex business issues. We offer a tailored approach to career development based on the combined interests of our Associates and the growing needs of our businesses. Summer Associate development will include best-in-class on-the-job and in-class training and mentorship.

Responsibilities

• Responsible for all ranges of project work and daily support as outlined by given business
• Increase efficiencies in current department
• Analysis of business requirements and translation to technical specifications
• Design, development, coding, code reviews and testing of applications as per Software Development Life Cycle (SDLC) best practices
• Release and incident management of applications
• Develop and implement miscellaneous tools to support trading and risk management activities
• Provide support for large federal projects that involve front-office risk aggregation and analysis
• Gather new requirements from the trading desk and manage delivery of solutions through quant libraries and associated IT systems
• Maintain and improve existing pricing tools and operational framework
• Provide general day-to-day quantitative support to trading desk quants and trading desk in general
• Carry out special projects related to pricing models, trades, and risk management
• Assist with the pricing of new products and feasibility of modelling approaches
• Provide desk-based research assistance as required

Basic Qualifications

• Pursuing a Masters or PhD, graduating in December 2027 or May 2028
• Completion of a four-year university degree in Computer Science, Engineering or Mathematics (or comparable rigorous scientific field) with academic excellence
• High qualifications in the physical sciences, mathematics, and computing
• Knowledge of derivatives and financial products, for trading, pricing and risk management
• Advanced mathematics and programming skills in languages such as Python, C++, R, Java
• Knowledge of relevant applications and risk management systems and IT
• Spreadsheet and tool building experience
• Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
• Strong teamwork and communication skills

Other Required Qualifications

• Must be a self-starter
• Ability to work in a fast-paced environment
• Strong communication skills – both spoken and written
• Analytical skills for transforming defined business needs into software requirements
• Ample knowledge and understanding of software design principles and development best practices in the full life cycle
• Self-managed and results-oriented with a keen sense of ownership
• Desire and commitment to learn/adapt as needed
• Time management and the successful engagement of multiple initiatives simultaneously
• Troubleshooting, problem-solving and a detail-oriented work ethic
• No licenses required
• No designations required

Pay

The good-faith expected salary range for the above position is $140,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.