Global Equities – Cash Equities Quant Analyst – Vice President

Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people

Business area

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments and supranational organisations. Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies.,

Global Equities encompasses Equity Derivatives, Prime Services and Cash Equities. The Cash Equities business line provides research, advisory, distribution, execution, corporate access, and corporate broking services on equities globally to institutional investors and also serves as the distribution arm for BNPP’s equity capital markets transactions. Cash Equity Execution provides clients with the ability to execute in EMEA markets via agency or principal execution. Our traders work with sales trading and clients to provide them insight of market commentary, represent the indications from their sectors and reflect the interests of the firm and inventory books.

Job purpose

Purpose:

Global Equities – Cash Equities Quant Analyst – Vice President is a role supporting, developing and improving the cash equities execution platform using quantitative models and algorithmic techniques. The role holder will deliver medium complexity projects and operate with a degree if independence and autonomy, whilst knowing when complex and high risk issues need to be referred upwards. The role holder will lead in the delivery of non-routine tasks and activities and will supervise and mentor more junior colleagues to support them with their development.

Scope: Global

Key responsibilities

• Advanced level professional within the Cash Equities Electronic Execution Quantitative Research team of
• Global Markets
• Actively promotes the Electronic Execution initiative within Cash Equities, co-ordinates and shares knowledge with teams in other locations to improve interfaces, optimise code and follow the team’s best practices.
• Directs some projects within the department, for example the role holder should be able to drive the full lifecycle of delivering a new model for the platform. The role holder will also support the full platform, responding to any issues or developments and ensuring the relevant aspects of work are completed
• Works with peers and more senior members of the team to design innovative analytic/implementation approaches, system architecture, code optimisation and interfaces including:
  • Enhancing the platform to meet the business needs of Cash Equites
  • Designs, coordinates and drives the delivery of new trading algorithms to trade Cash Equities products
  • Enhances existing algorithms, by adding new features as well as by enhancing existing features.
  • Develops, tests, delivers and supports tools to efficiently analyse the drivers of algo performance
  • Develops and implements analytic tools for Cash Equities, for use both internally within the team as well as across the business
  • Hands on C++, R and python coding of new features in the system with an emphasis on well tested, high quality code which is performant when required
• Influences and supports members of the team by leading in decision making and approach where problems are more complex and require sophisticated analysis or experience. Acts as a point of escalation for more junior staff.

Requirements

• Professional qualification in mathematics, statistics, physics, engineering or finance/econometrics or a PhD in another Science or engineering field with an interest in finance modelling. Broad knowledge of theories and models relevant to trading algorithms and practices across the Global Markets, combined with a deep expertise within Cash Equities.
• Strong knowledge of Cash Equity products and the trading microstructure.
• Good working knowledge of professional standards and protocol and able to apply them to the Business to develop and improve BNPP processes and practices.
• Proactively able to identify areas of development, improvement or ways to maximise results and takes initiative to implement relevant actions, in the short and long term.
• Strong skills in mathematics, numerical and statistical learning techniques, e.g., machine learning (both supervised and unsupervised).
• Advanced programming skills, such as C++, R and python, with experience gained in a context of quantitative research

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A bit more about why you should join us

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

* Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year – in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities 

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

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