Location: Budapest office
Start date: Continuous
Contract: 20/30/40 hours-a-week contract (flexible)
Duration of program: 6-12 months
We offer:
• A supportive and vibrant multinational environment in an inspiring international team
• Continuous development opportunities
• Opportunity to participate in the firm’s networking events
• Opportunity to receive an offer for internship extension/full-time role upon graduation
• Opportunity to complete the internship remotely
You will:
• Protect the Firm against major risks as a member of the Quantitative Analytics Group within the Budapest Audit organization.
• Learn about a large variety of derivatives pricing, risk management, capital planning, and decision-support models used across the Firm.
• Gain an understanding of processes, risks, and controls used to govern and operate the risk management of a global financial service company.
• Perform quantitative review of model development, conceptual model soundness, model data usage, model testing, and model validation. Discuss issues and remediation actions with model developers.
• Work together with other audit groups and our internal clients to identify model vulnerabilities and help drive Firm resources to these vulnerabilities.
• Continuously monitor development and performance of pricing and risk models.
• Document all work performed in a clear, concise, and re-performable manner.
You have:
• Ongoing BSc (or above) studies in Mathematics, Physics, Finance or Economics
• Quantitative background, good analytical and numerical skills
• Strong understanding of quantitative finance and model development
• Knowledge of derivative pricing models across multiple asset classes (e.g. Equities, Fixed Income and Commodities).
• Fluency in English, both verbal and written