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Intern Quantitative Analyst Derivative Pricing

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)

It would be a real bonus if you have

  • Programming skills (Python, MS SQL)
  • Interest in financial markets
  • Fluency in German is a plus

What we offer

  • Great opportunity to build up knowledge and first experience in pricing of complex derivatives, coached by a great team of Quantitative Analysts
  • We weight attitude, character, and future potential over existing skills & current experience
  • Avaloq benefits

Additional Information

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices. 

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self. 

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way. 

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.  

 

#LI-Hybrid

What You Should Know About Intern Quantitative Analyst Derivative Pricing, Avaloq

Are you ready to kickstart your career in quantitative analysis with an exciting opportunity at Avaloq? As an Intern Quantitative Analyst focusing on Derivative Pricing, you'll be at the heart of our Wealth division's innovative efforts, providing critical data and pricing services for complex financial products. Based in our Zurich office, starting on April 1, 2025, this six-month fixed-term contract offers a fantastic chance to work closely with a dynamic team of experienced Quantitative Analysts and IT professionals. You’ll dive into the daily data deliveries of independently priced derivatives that our clients depend on, ensuring quality control and supporting senior analysts in analyzing pricing models on demand. The role also allows you to collaborate on various projects to improve operational tools and contribute to our proprietary pricing engine using Python. Not to mention, you’ll gain invaluable exposure to the world of financial markets and derivative pricing, all in a supportive, growth-oriented environment. If you’re a motivated team player currently studying or recently graduated in quantitative finance, financial engineering, mathematics, or physics, we want to hear from you. Join us at Avaloq, where innovation and passion drive our mission to democratize access to wealth management while fostering an inclusive workplace where every voice matters.

Frequently Asked Questions (FAQs) for Intern Quantitative Analyst Derivative Pricing Role at Avaloq
What are the responsibilities of an Intern Quantitative Analyst Derivative Pricing at Avaloq?

As an Intern Quantitative Analyst Derivative Pricing at Avaloq, you'll be responsible for daily data deliveries of independently priced derivative instruments, ensuring quality control of derived data objects, supporting client pricing challenges, and coordinating input data completeness with our Datacenter. You'll also work alongside experienced quantitative analysts to enhance operational tools and contribute to our proprietary pricing engine development.

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What qualifications do I need to apply for the Intern Quantitative Analyst Derivative Pricing position at Avaloq?

To apply for the Intern Quantitative Analyst Derivative Pricing position at Avaloq, candidates should be enrolled in or have recently completed bachelor or master’s studies with a focus on technical subjects such as Quantitative Finance, Financial Engineering, Mathematics, or Physics. Familiarity with derivative pricing, fluency in English, and programming skills in Python are highly advantageous.

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How does Avaloq support the growth of its Intern Quantitative Analysts?

Avaloq places a strong emphasis on mentoring and professional development for its Intern Quantitative Analysts. You will be coached by seasoned quantitative analysts, providing a solid foundation and hands-on experience in derivative pricing. The supportive environment encourages your career growth while promoting teamwork and collaboration.

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Is prior experience in financial markets necessary for the Intern Quantitative Analyst Derivative Pricing role at Avaloq?

While prior experience in financial markets is beneficial, it is not a strict requirement for the Intern Quantitative Analyst Derivative Pricing role at Avaloq. The company values intellectual curiosity and a willingness to learn, meaning that enthusiastic candidates with a strong educational background are encouraged to apply.

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What are the benefits of interning at Avaloq within the Quantitative Analyst team?

Interning at Avaloq within the Quantitative Analyst team presents a wealth of benefits, including the opportunity to gain hands-on experience in pricing complex derivatives, work in a hybrid and flexible environment, and receive mentorship from highly skilled professionals. You’ll also be part of a diverse and inclusive culture that values your unique contributions.

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Common Interview Questions for Intern Quantitative Analyst Derivative Pricing
Can you explain your understanding of derivative pricing?

When answering this question, outline your knowledge of derivative instruments, including options, futures, and swaps. Discuss models used in pricing, such as Black-Scholes and local volatility models, and emphasize your eagerness to apply this knowledge while interning at Avaloq.

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What programming skills do you bring to the Intern Quantitative Analyst role?

For this question, detail your experience with programming languages essential to quantitative analysis, such as Python and MS SQL. Share specific projects or coursework where you utilized these skills, highlighting how they can enhance your contributions at Avaloq.

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Describe a time when you faced a challenging problem in your studies and how you solved it.

In your response, choose a relevant example demonstrating critical thinking and problem-solving skills. Describe the situation, the specific challenges faced, and the steps you took to arrive at a solution. Emphasize any teamwork aspects that arose from overcoming the challenge together.

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Why are you interested in working for Avaloq as an Intern Quantitative Analyst?

Convey your enthusiasm for Avaloq's mission to democratize access to wealth management. Discuss how the company’s emphasis on innovation aligns with your career goals, and mention any specific projects or values that resonate with you personally.

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How would you approach quality control of derived data objects?

When answering this question, stress the importance of accuracy and consistency in maintaining data integrity. Outline a systematic approach you would take, such as establishing checks and balances, collaborating with team members, and continuously improving data processes.

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What is your experience with teamwork in a technical environment?

Share examples of previous collaborative experiences in academic or project settings. Focus on your ability to work alongside diverse teams while conveying respect for different ideas and approaches. This shows Avaloq your team player mentality and adaptability.

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How do you stay organized when managing multiple responsibilities?

Emphasize strategies you use to prioritize tasks, such as creating to-do lists, setting deadlines, and using digital tools for task management. Discuss how these strategies would enable you to effectively manage responsibilities as an Intern at Avaloq.

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Can you tell us about a project where you used Python for quantitative analysis?

Discuss a relevant project or coursework where you actively used Python in quantitative analysis. Share specific applications, tools, or libraries you utilized, and the outcomes achieved to showcase your capability in contributing to Avaloq’s projects effectively.

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What do you know about Avaloq's proprietary pricing engine?

In this response, demonstrate that you've done your research by explaining any publicly available information about Avaloq's proprietary pricing engine. Discuss its significance in financial services and express your eagerness to learn more during your internship.

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How do you handle constructive criticism in a team setting?

Describe your openness to feedback and how you perceive constructive criticism as a tool for growth. Provide an example of a time when you received feedback, showing how you applied it to improve your work or approach moving forward.

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Founded in 1985, Avaloq is a Swiss-based provider of digital banking solutions, core banking software, and wealth management technology. The Company provides cloud computing solutions for banks and wealth managers. Avaloq is located in Switzerland

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Internship, hybrid
DATE POSTED
January 28, 2025

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