Quantitative Researcher - Credit / Hybrids
We are working with a leading global investment bank seeking a Credit & Hybrids Quantitative Researcher to join its front-office Quantitative Research team in Paris. This team supports trading desks by developing cutting-edge pricing models, risk analytics, and systematic tools for credit derivatives, hybrid products, and structured credit strategies.
This role offers direct collaboration with traders, structurers, and researchers, focusing on developing and enhancing quantitative models for credit and hybrid derivatives, as well as conducting research into market inefficiencies and pricing strategies.
Key Responsibilities:
- Develop and implement pricing and risk models for credit derivatives, structured credit, and hybrid products.
- Conduct quantitative research and statistical analysis to identify trading opportunities and improve model accuracy.
- Enhance existing analytics frameworks, working closely with traders and structurers to optimise risk management.
- Build and refine systematic Relative Value (RV) models to assist in strategy research.
- Develop tools for portfolio tracking, alerting, and data visualisation, supporting decision-making processes.
- Collaborate with IT and trading teams to deploy models into production trading systems.
Key Requirements:
- 2-7 years of experience in quantitative research, model development, or risk analytics, ideally in credit or hybrid derivatives.
- Expertise in credit derivatives pricing, default risk models, and counterparty risk assessment.
- Strong Python programming skills, with experience using NumPy, SciPy, Pandas, and Scikit-learn.
- Experience with database programming (SQL), cloud computing (AWS), and market data sources (Bloomberg, Reuters, etc.).
- Familiarity with stochastic calculus, PDEs, and Monte Carlo simulations for pricing models.
- Strong knowledge of fixed income and structured credit markets.
- Ability to effectively communicate research findings to traders, risk managers, and senior stakeholders.
Why Join?
- Work in a highly collaborative front-office quant team at a leading global investment bank.
- Direct interaction with traders, structurers, and portfolio managers, ensuring high impact.
- Exposure to credit derivatives, structured credit, and hybrid product modelling.
- Opportunity to develop and enhance systematic trading models in a top-tier environment.
- Based in Paris, with a competitive compensation package and strong career progression opportunities.
This is an excellent opportunity for a quantitative researcher with a credit or hybrid derivatives background to join a highly dynamic front-office team. If this sounds like a strong fit, apply now or reach out for a confidential discussion.
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