Off-Cycle QR Program – Exotics Applied Research and Development (ARD) Intern

Job Description

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About the Job: Off-Cycle QR Program – Exotics Applied Research and Development (ARD) Intern

Reference: 26000328

Program Overview:
Société Générale Global Markets Division (MARK) offers a unique six-to-twelve-month Off-Cycle QR Program designed for hard-working, talented graduates. This program provides in-depth exposure to SG’s Fixed Income and Equity trading floors, Prime Brokerage business, and other banking activities. It presents a significant opportunity with the potential for full-time hire upon successful completion.

Work Schedule:
This role requires a 40-hour per week commitment.

Team & Location:
As an intern, you will be an integral part of the Exotics Applied Research and Development (ARD) team, based in our New York office. You will work within a small and prestigious team of Exotic Quants.

Role Purpose:
The primary goal of this position is to provide quantitative solutions to Traders, Structurers, and Salespeople across the Fixed Income and Equity Exotics desks. You will also play a crucial role in supporting and improving existing quantitative tools and pricing methodologies.

Intern Responsibilities:

• Quantitative Research and Development (80%):
  • Engage in focused quantitative research with a primary emphasis on enhancing the CDS (Credit Default Swap) margining model.
  • Collaborate with global markets teams to develop and refine quantitative tools.
  • Conduct in-depth studies and contribute to improving the accuracy and efficiency of initial margin calculations for CDS.
• Python Library Support and Development (15%):
  • Provide essential technical and quantitative support for the existing Python-based pricing and margining library, ensuring its robustness and reliability for CDS margining.
  • Actively contribute to the library’s development to expand its functionality and application, supporting other financial products, derivatives, and margining calculations across various use cases.
• Cross-Functional Collaboration and Delivery (5%):
  • Collaborate effectively with Quantitative Analysts, Risk Management, IT, Operations, and other key stakeholders to ensure the successful execution and delivery of quant projects.

Required Profile:

Société Générale is seeking talented individuals with:

• Education: A Bachelor, Master, or PhD degree in Mathematics, Financial Engineering, Operations Research, or a similar quantitative field.
• Programming Skills: Strong skills in programming in Python are essential; knowledge of C# is a significant plus.
• Problem Solving: A genuine passion for problem-solving.
• Personal Attributes: Authenticity, innovative thinking, and enthusiasm.
• Domain Knowledge: Knowledge of equity and interest rate derivatives modeling is a strong plus.

Business Insight: Our Culture

At Societe Generale, our culture is built on four core values: commitment, responsibility, team spirit, and innovation. We are engaged and demonstrate consideration for others, acting ethically and with courage. We channel our talent and energy towards collective success, always experimenting and proposing new ideas. This approach maximizes our ability to serve client needs and anticipate market changes. We are deeply committed to strengthening bonds with colleagues, communities, and the world, recognizing that relationships are fundamental to our operations. Learn more about our culture and conduct initiatives here.

Diversity & Inclusion:

Our Diversity & Inclusion Mission is to recruit, develop, advance, and retain a diverse workforce united in enhancing our competitive position and delivering innovative solutions to clients.

Our Diversity & Inclusion Vision encompasses:

• An engaged workforce that is demographically diverse, reflecting the communities in which we operate.
• An inclusive culture and workplace that recognizes employees’ unique needs and utilizes their diverse talents.
• Engagement with our community and marketplace, positioning the organization to meet the needs of all its clients.

For more information on our D&I initiatives, please visit this link.

Hybrid Work Environment:

Societe Generale embraces a hybrid work arrangement for most positions, offering employees the flexibility to work remotely and on-site. This model promotes interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements may vary based on business area, with applicable Business Lines determining and communicating the specific work arrangements that best meet their needs.

Compensation & Salary Range:

The base salary range provided does not include overtime pay, bonus, and/or other benefits where applicable. The actual base salary offer will vary based on skills and experience. Please note, this is not a benefits-eligible position.

Diversity and Inclusion:

Societe Generale is an equal opportunity employer. We are proud to make diversity a strength for our company and are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, or any other characteristic or status protected under applicable law.