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12 Month Internship - Quantitative Analyst

Credit Agricole

Job Type



About the Role

Job Description

With the help of the internship supervisor, in charge of a validation study topics within the model validation team.

The model validation team is the essential team to ensure the viability, robustness and reliability of the FO pricing models before they can be used for production purpose. All the new FO models/methodologies or any methodological changes should be validated by the team. For each validation request, the team analyzes the assumptions and the proposed model/methodology to verify the theoretical relevance to the problem it is designed to address. Then tests and analysis will be done to check the implementation as well as the behaviors of the model/methodology in terms of robustness and reliability. As long as it is possible,
in particular for important pricing models, the team will re implement the model in the team's internal library which covers all the asset classes (IR, FX, Hybrid, equity, XVA, credit). The whole study is expected to challenge all the aspects of the model/methodology and its numerical implementation. Moreover, the team exchanges closely with FO Research team and Trading
desk on a wide range of topics related to models & methodologies.

In addition, the team also works closely with the RM team and provides them technical support on all model/methodology related issues, in particular, on the various risk reports.

The candidate is required to have at least a master degree level in Financial mathematics or equivalent. In particular, the candidate should be familiar with stochastic calculus (Brownian motion, Ito Lemma, numeraire change, …) and relevant numerical methods (Monte Carlo, PDE resolution, asymptotic analysis, …). In addition, basic skills of programming are also required in order to implement models. Team work is the essential part of the role and communication capacity is also required for exchanges with various teams (FO, Risk, IT, etc).

Key Responsibilities

- In accordance with FO model validation requests, organize and conduct the validation study with the internship
- In case of need, conduct ad hoc analysis for Risk methodologies and provide technical support to RM teams.
- Contribute in the team's internal library for pricing and XVA models/methods.

Legal and Regulatory Responsibilities

- Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the London Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
- Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.


Application criteria

  • Duration

  • 12 Months

  • Minimum education level

  • Bac + 3 / L3

  • Training / Specialization

  • Graduate


  • Skills sought

  • Analytical

    • Innovative

    • Schedule

    • Teamwork

    • Independence

  • IT tools

  • Strong skills in mathematical finance

    • Knowledge / experience in C++ programming and ability to program in a common library project

About the Company

About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment bank of the Crédit Agricole group, the 10th largest banking group in the world by 2021 balance sheet size (The Banker, July 2022). Nearly 8,600 employees spread across more than 30 locations in Europe, the Americas, Asia-Pacific, the Middle East and North Africa, support the Bank's clients in covering their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in market banking, investment banking, structured financing, commercial banking and international trade. A pioneer in the field of Climate finance, the Bank now occupies a leading position in this segment with a comprehensive offering for all of its clients. The majority of positions are eligible for teleworking under the conditions provided for in our agreement based on dual volunteering (employee & manager) and after a successful integration period. Crédit Agricole CIB is committed to the integration of people with disabilities, so this position is open to everyone. For more information: Twitter: LinkedIn:

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