Intern Quantitative Analyst Derivative Pricing

at  Avaloq

Company Description
Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 12 countries, and more than 170 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues.
We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.
Job Description

SUMMARY

• Quant internship
• 6 months fixed-term contract
• Starting on April 1, 2025
• Zurich, Manegg
• Hybrid working: 2 days of homeoffice per week possible, after onboarding and with respect to team office days

DETAILS

Derivative Partners, a specialist team within Avaloq’s Wealth division, is providing data services, and independent pricing services for complex financial products. The young team consists of Quantitative Analysts, IT Application Developers, IT Project Management, a Senior IT Architect as well as Datacenter Operators that enjoy working in an environment, marked by trust, and devoted to foster each member’s growth. The Quantitative Analysts team is seeking an intern, to support them in our Zurich office,starting on April 1, 2025, for a six-month fixed-term contract.

• Responsible for our daily data deliveries of independent priced derivative instrument to clients, supported by our Senior Quantitative Analysts and IT Project Management /DevOps
• Responsible for daily quality control of derived data objects (implied dividends & implied volatility surface, which are used for overnight instrument pricing), supported by our Senior Quantitative Analysts and IT Project Management /DevOps
• Responsible for periodical client pricing-challenges (detailed analysis of pricing models and data upon client request)
• Coordination with Datacenter to assure completeness of nightly required dataset of input data for pricing (underlying spot & history data, interest rate data, option data)
• Coordination with IT Project Management to improve operative tools
• Opportunity to be part of the project and contribute and leave your mark on the ongoing development of our proprietary pricing engine (python) and possibility to do research in derivative pricing and related fields

QUALIFICATIONS

• Enrolled in or recently finished bachelor or master’s studies with focus on technical courses (Quantitative Finance / Financial Engineering, Mathematics / Physics)
• Team player mentality and intellectual curiosity (humble resilience & quick-mindedness)
• Knowledge in derivative pricing (ideally previous experience with local volatility models)
• Fluency in English (B2 – C2)

Please refer the Job description for details