Register Login

  • Expertini Resume Scoring: Our Semantic Matching Algorithm evaluates your CV/Résumé before you apply for this job role.
Get Resume Score
France Jobs Expertini

3A Product Internship - Trading MACS - PnL Explain and Hedging Efficiency Job Opening In Paris – Now Hiring Murex

3A Product Internship Trading MACS PnL Explain and Hedging Efficiency

    France Jobs Expertini Expertini › France › Jobs › Paris › Computer Occupations › 3a Product Internship Trading Macs Pnl Explain And Hedging Efficiency

Job description

Murex is a global fintech leader in trading, risk management and processing solutions for capital markets.

Operating from our 19 offices, 3 000 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations and utilities, across the world.

Join Murex and work on the challenges of an industry at the forefront of innovation and thrive in a people-centric environment.

You’ll be part of one global team where you can learn fast and stay true to yourself.

The Team:​

You will become a part of the Front Office (FO) Trading Product Development Domain (PDD) which is at heart of MX.3 software evolution, where you will integrate the Financial Engineering team.

Our multi-cultural team designs, validates and delivers Murex Advanced Analytics (MACS) which is a combination of rich catalogue of derivative products covering all asset classes, a large set of models for evaluation and risk management of derivatives.

We work closely with the quant development and integration teams to enhance our products and models.

We provide our quantitative expertise and collaborate with FO Trading PDD teams like Equity Derivatives, Non-Linear Rates, Foreign Exchange Derivatives, Commodity Derivatives, etc.

to build trading solutions.

Similarly, we assist Client Services and regional offices across the globe to provide cutting-edge solutions to our clients.

The Mission:

The goal of this internship is to develop a robust validation framework for pricing models of exotic interest rate derivatives, with a focus on benchmarking their financial performance.

Pricing exotic financial products typically begins with selecting a suitable mathematical model, often defined by a stochastic differential equation.

The model parameters are calibrated to replicate the prices of liquid market instruments as closely as possible.

Once calibrated, numerical methods – such as Monte Carlo simulations or partial differential equation (PDE) solvers – are used to compute the price of the exotic product.

In essence, the model serves as an interpolator, enabling the valuation of complex instruments based on the prices of simpler, liquid ones.

To evaluate the quality of the pricing model, two key tests are employed, namely daily Profit-and-Loss (PnL) explanation and hedging efficiency.

PnL explanation decomposes the daily change in the value of security using a Taylor expansion into Delta (sensitivity to changes in the underlying asset) and Vega (sensitivity to changes in volatility):

Vt+1−Vt=∂Vt∂St×(St+1−St)+∂Vt∂σt×(σt+1−σt)+ϵVt+1−Vt=𝜕Vt𝜕St×(St+1−St)+ 𝜕Vt𝜕𝜎t×(𝜎t+1−𝜎t)+𝜖 

where

ϵ𝜖is the residual term.

The quality of the model is assessed by analyzing the magnitude and behavior of this residual.

Hedging efficiency test involves simulating a strategy where the exotic product is sold and its risk is hedged daily using Delta and Vega hedging.

The resulting PnL of this strategy provides insight into the model’s effectiveness in managing risk.

Your Role:

Under the supervision of the Front Office Financial Engineering team, you will:

  • Build a test framework using market data and pricing REST APIs.

  • Benchmark widely used IRD models such as Hull-White and Forward Market Model, specifically applied to Bermuda swaptions.

  • Analyze model performance through PnL explanation and hedging efficiency tests.

    • The deliverables of your mission are a documented python module and a model validation document summarizing the tests results, as well as a list of gaps, and enhancement proposals.

    Your Profile/Who you are?

  • You are in the last year of a master’s degree looking for a 6-months internship

  • You master python including numpy, pandas, matplotlib

  • You are passionate about technology and financial mathematics

  • Strong academic background in a quantitative field (Quantitative Finance, Computer Science, Engineering, Physics, Mathematics)

  • Understanding of stochastic processes and financial mathematics

  • You can efficiently communicate in multicultural environment: English is a must

  • You have strong analytical and problem-solving skills

    • Duration: 6 months

    Why join us?

  • By joining the Client Services Operations teams, you will seize a unique opportunity to combine software publishing, market finance and client relations.

  • Be part of a community of experts motivated by challenge and innovation and contribute to the continuous improvement of the MX.3 platform.

  • Benefit from high-quality training on entry covering a range of functional, technical and interpersonal skills.

  • Work in an agile, international, multicultural and growing environment.

    • Required Skill Profession

    Computer Occupations


    • Job Details

    Related Jobs

    Murex hiring 3A Product Internship - Trading Commodities Derivatives Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Trading MACS - Validation of the Forward Market Model for Interest Rate Derivatives Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading Investment Management - Compliance Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Trading IRD - Interest Rates Derivatives / P&L Attribution Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Trading MACS - Exploring exogeneous parameters calibration for the Murex FX Stochastic Local Volatility on Illiquid Markets Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading FXO - Validation UPL FXO Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Trading Equity - Etude de modèles de surface de volatilité Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Financial Engineering - Financial Product Extension Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Trading FXO - Validation de modèle sur un produit dérivé FX Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    MSA Murex S.A.S. hiring 3A Client Internship - Trading Investment Management - Attribution de Performance Job in Paris, Île-de-France, France
    MSA Murex S.A.S.
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading Reconciliation - Financial Data Reconciliation Optimization Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Software Development Internship - Java - Acquisition, Stockage et Visualisation des Composants PnL Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading Non-Linear Rates - IR Gamma validation Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Product Internship - Investment Management - Optimisation de portefeuille Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Finance Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Production Architecture Internship Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading Flex - Développement & Intégration d'un modèle sur Produit Dérivé Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Collateral Management Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Cryptonext Security hiring Product Integration - Internship Job in Paris, Île-de-France, France
    Cryptonext Security
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Trading FXO - Réplication et Validation de l’évaluation des options de change Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Client Internship - Migration et Intégration Système Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Murex hiring 3A Software Development Internship - Logical Plan Validator Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Amadeus hiring INTERNSHIP - Product definition analyst Job in Nice, Provence-Alpes-Côte d'Azur, France
    Amadeus
    Nice, Provence-Alpes-Côte d'Azur, France
    Wavestone hiring Manager – Cost efficiency Job in Paris, Île-de-France, France
    Wavestone
    Paris, Île-de-France, France
    Morgan Stanley hiring 2026 Sales & Trading Off Cycle Internship (Paris) Job in Paris, Île-de-France, France
    Morgan Stanley
    Paris, Île-de-France, France
    HSBC hiring Internship - Credit Algo Trading (f/m/d) Job in Paris, Île-de-France, France
    HSBC
    Paris, Île-de-France, France
    Murex hiring 3A Software Development Internship - Test and Refactoring of the foreign exchange risk engine solution Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France
    Axens hiring Internship: New High Efficiency Equipment within Axens Technologies (F/M) Job in Rueil-Malmaison, Île-de-France, France
    Axens
    Rueil-Malmaison, Île-de-France, France
    ATR hiring Branding and Advertising Support Internship Job in Toulouse, Occitania, France
    ATR
    Toulouse, Occitania, France
    UNESCO hiring INTERNSHIP: Social and Human Sciences Job in Paris, Île-de-France, France
    UNESCO
    Paris, Île-de-France, France
    UNESCO hiring INTERNSHIP: Communications and Public Engagement Job in Paris, Île-de-France, France
    UNESCO
    Paris, Île-de-France, France
    Murex hiring 3A Software Development Internship - CI/CD Pipeline Optimization Job in Paris, Île-de-France, France
    Murex
    Paris, Île-de-France, France

    Unlock Your 3A Product Potential: Insight & Career Growth Guide


    Real-time 3A Product Jobs Trends (Graphical Representation)

    Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph here. Uncover the dynamic job market trends for 3A Product in Paris, France, highlighting market share and opportunities for professionals in 3A Product roles.

    1368 Jobs in France
    1368
    449 Jobs in Paris
    449
    Download 3a Product Jobs Trends in Paris and France

    Are You Looking for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency Job?

    Great news! is currently hiring and seeking a 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency to join their team. Feel free to download the job details.

    Wait no longer! Are you also interested in exploring similar jobs? Search now: .

    The Work Culture

    An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Murex adheres to the cultural norms as outlined by Expertini.

    The fundamental ethical values are:

    1. Independence

    2. Loyalty

    3. Impartiapty

    4. Integrity

    5. Accountabipty

    6. Respect for human rights

    7. Obeying France laws and regulations

    What Is the Average Salary Range for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency Positions?

    The average salary range for a varies, but the pay scale is rated "Standard" in Paris. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.

    What Are the Key Qualifications for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency?

    Key qualifications for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency typically include Computer Occupations and a list of qualifications and expertise as mentioned in the job specification. The generic skills are mostly outlined by the . Be sure to check the specific job listing for detailed requirements and qualifications.

    How Can I Improve My Chances of Getting Hired for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency?

    To improve your chances of getting hired for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency, consider enhancing your skills. Check your CV/Résumé Score with our free Tool. We have an in-built Resume Scoring tool that gives you the matching score for each job based on your CV/Résumé once it is uploaded. This can help you align your CV/Résumé according to the job requirements and enhance your skills if needed.

    Interview Tips for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency Job Success

    Murex interview tips for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency

    Here are some tips to help you prepare for and ace your 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency job interview:

    Before the Interview:

    Research: Learn about the Murex's mission, values, products, and the specific job requirements and get further information about

    Other Openings

    Practice: Prepare answers to common interview questions and rehearse using the STAR method (Situation, Task, Action, Result) to showcase your skills and experiences.

    Dress Professionally: Choose attire appropriate for the company culture.

    Prepare Questions: Show your interest by having thoughtful questions for the interviewer.

    Plan Your Commute: Allow ample time to arrive on time and avoid feeling rushed.

    During the Interview:

    Be Punctual: Arrive on time to demonstrate professionalism and respect.

    Make a Great First Impression: Greet the interviewer with a handshake, smile, and eye contact.

    Confidence and Enthusiasm: Project a positive attitude and show your genuine interest in the opportunity.

    Answer Thoughtfully: Listen carefully, take a moment to formulate clear and concise responses. Highlight relevant skills and experiences using the STAR method.

    Ask Prepared Questions: Demonstrate curiosity and engagement with the role and company.

    Follow Up: Send a thank-you email to the interviewer within 24 hours.

    Additional Tips:

    Be Yourself: Let your personality shine through while maintaining professionalism.

    Be Honest: Don't exaggerate your skills or experience.

    Be Positive: Focus on your strengths and accomplishments.

    Body Language: Maintain good posture, avoid fidgeting, and make eye contact.

    Turn Off Phone: Avoid distractions during the interview.

    Final Thought:

    To prepare for your 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency interview at Murex, research the company, understand the job requirements, and practice common interview questions.

    Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Murex's products or services and be prepared to discuss how you can contribute to their success.

    By following these tips, you can increase your chances of making a positive impression and landing the job!

    How to Set Up Job Alerts for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency Positions

    Setting up job alerts for 3A Product Internship Trading MACS PnL Explain and Hedging Efficiency is easy with France Jobs Expertini. Simply visit our job alerts page here, enter your preferred job title and location, and choose how often you want to receive notifications. You'll get the latest job openings sent directly to your email for FREE!