Junior Quantitative Researcher - Equities
Overview
My client is looking for a Junior Quantitative Researcher to join the Equities (Actions) desk in Paris. This is a model research role within a leading financial institution, with direct exposure to Equity Repo and Securities Financing products and reporting lines into London-based senior management.
The position is offered on an initial contract basis, with a genuine pathway to a permanent conversion for the right candidate.
Important: The client is specifically looking for candidates with a strong academic background in quantitative finance and genuine quant research or modelling experience. Candidates from quant trading, execution, or quantitative tool development backgrounds will not be a fit for this role.
Key Responsibilities
- Support research and analysis activities within the Equity team, with a focus on Equity Repo and Securities Financing products.
- Develop, improve, and validate pricing models and quantitative risk frameworks.
- Work closely with senior quants and traders to deliver high-quality quantitative analysis.
- Contribute to model documentation, testing, and optimisation.
- Collaborate with cross-border teams, including direct reporting to management based in London
Candidate Profile
The ideal candidate will have:
- 3 to 5 years of experience in quantitative research or model development, gained within a bank, asset manager, or similar institutional environment.
- A strong academic background in quantitative finance: a Master's or PhD in Financial Engineering, Applied Mathematics, Mathematical Finance, or a closely related discipline is expected. ENSIMAG, Ecole Polytechnique, Paris Dauphine, Imperial, ETH, or equivalent are representative benchmarks.
- Deep knowledge of pricing models and financial mathematics, including stochastic processes, derivatives theory, and Monte Carlo methods. This is a model-building role, not a model-user role.
- Proficiency in C++ and Python.
- Strong analytical skills and structured problem-solving ability.
- French & English Speaking
The client draws a clear distinction between quants who build and validate pricing models from first principles, and those who apply or implement models in a trading or infrastructure context. Previous experience must demonstrate the former.
What the Client Is Not Looking For
- Candidates whose primary experience is in systematic/quantitative trading, algorithmic execution, or strategy backtesting.
- Candidates from a quant developer or quant tools background, even where strong Python/C++ skills are present.
- Profiles where quantitative work has been incidental to a sales, trading, or structuring role.
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