Job description




Business type



Types of Jobs - Corporate & Investment Banking




Job title



Quantitative Analyst Intern




Contract type



Internship/Trainee




Term (in months)



12 Months




Expected start date



05/10/2026




Management position



No




Job summary



With the help of the internship supervisor, in charge of a validation study topics within the model validation team.



The model validation team is the essential team to ensure the viability, robustness and reliability of the FO pricing models before they can be used for production purpose. All the new FO models/methodologies or any methodological changes should be validated by the team. For each validation request, the team analyses the assumptions and the proposed model/methodology to verify the theoretical relevance to the problem it is designed to address. Then tests and analysis will be done to check the implementation as well as the behaviours of the model/methodology in terms of robustness and reliability. As long as it is possible, in particular for important pricing models, the team will re implement the model in the team's internal library which covers all the asset classes (IR, FX, Hybrid, equity, XVA, credit). The whole study is expected to challenge all the aspects of the model/ methodology and its numerical implementation. Moreover, the team exchanges closely with FO Research team and Trading desk on a large range of topics related to models & methodologies.



In addition, the team also works closely with the RM team and provides them technical support on all model/methodology related issues, in particular, on the various risk reports.



The candidate is required to have at least a master degree level in Financial mathematics or equivalent. In particular, the candidate should be familiar with stochastic calculus (Brownian motion, Ito Lemma, numeraire change) and relevant numerical methods (Monte Carlo, PDE resolution, asymptotic analysis). In addition, basic skills of programming are also required in order to implement models. Team work is the essential part of the role and communication capacity is also required for exchanges with

various teams (FO, Risk, IT, etc).




Key Responsibilities

• In accordance with FO model validation requests, organise and conduct the validation study with the internship
  supervisor.


• In case of need, conduct ad hoc analysis for Risk methodologies and provide technical support to RM teams.


• Contribute in the team's internal library for pricing and XVA models/methods.

Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.


• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Supplementary Information



Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide. We offer more than just a job.



You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.



Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.



With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work - it is where you make an impact.



Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.




Position location




Geographical area



Europe, United Kingdom




City



London




Candidate criteria




Minimal education level



Bachelor Degree / BSc Degree or equivalent




Academic qualification / Speciality

• Educated to degree level.


• Strong skills in mathematical finance.

Experience



Analytical, innovating, planning, team working and independence.




Technical skills required

• Strong skills in mathematical finance.


• Knowledge / experience in C++ programming and ability to programme in a common library project.

Languages



English