Quant modelling traineeship

  • Mploy Associates
  • Utrecht, Nederland
  • mei 20, 2020
Traineeship Quantitative Finance

Job Description

Introduction

Do you have the guts to ensure that our partner organizations make informed, data-driven decisions? Do you see that models are essential for the survival of banks and insurers as they form the basis for the approval of loans, the pricing of products and the establishment of risk reserves? In that case, the position of Quant Modeller in the Young Talent Program is a perfect fit for you! As a modeller you will support corporate decision-making by developing and maintaining quantitative models. In addition to a challenging position as a Quant Modeller, the Young Talent Program also offers you a personalized program in which you will learn both the technical and soft-skills required to develop yourself into an authentic high-end professional.

What does your work as a Quantitative Modeller look like?

Together with a team of talented colleagues, you will develop the next generation of models. These models not only need to adhere to regulatory standards but will also strongly contribute to the survival of the organization. You will perform data analyses to find logical connections with the help of SAS, Matlab, R and/or Python, and prepare data requirements for the development of the models. Your day-to-day responsibilities include:

  • Investigating the best methods for modelling risks or pricing;
  • Developing models through regressions, stochastic methods or other investigated techniques;
  • Calculating capital impact of the new model;
  • Documenting model development process and results;
  • Making an inventory of the possibilities to implement the model in IT systems.

In addition, you support your colleagues from other departments with your expertise to optimize their models. Depending on(in) which team and department you ultimately start to work, the specifics of your responsibilities will be fine-tuned. The specifics of your work duties will be fine-tuned, and are dependent on what type of financial institution you will be employed at, either a bank, insurer or asset manager.

Our vision

Our Young Talent Program has been developed to train the next generation of leaders and professionals within the financial industry. At Mploy Associates we challenge you to develop your technical knowledge and soft skills within 24 months.

Four days a week you will be at one of our partnering firms within the financial industry in Amsterdam, Utrecht, Rotterdam or The Hague and one day a week you are challenged in-house at Mploy Associates. On this day you will follow your personalized Young Talent Program. In 24 months we will prepare you for the next career step as a high-end professional at the bank or insurer. As a Young Talent at Mploy Associates you will be challenged from the start, you will be required to understand and complete complex assignments to excel at.

In addition to focusing on your career and ambitions, we also believe that making a social contribution is important. That is why we invite you to participate in two pro bono projects at NGO’s together with your Young Talent Team at the end of the year.

Coaching and guidance

Your personalized Young Talent Program will be constructed under joint supervision of Mploy Associates and the partner organization. On day one, you and your Talent Manager from Mploy Associates collaborate to set out your goals in a personalized plan of action. In close cooperation with the manager at the bank or insurer, we personalize your 10 modules of the Young Talent Program to ensure that all facets of your personal development and technical knowledge will be attended to.ext to the personal guidance from Mploy Associates, you will also receive daily guidance and support from your colleagues.

What are we looking for?

For the Young Talent position of Quant Modeller we are looking for graduates with different quantitative backgrounds, experiences and passions. To specify:

  • You have 0-3 years of work experience and want to learn everything about the most modern modelling methods, tooling, and data processing technologies;
  • You want to put your mathematical knowledge that you have gained during your HBO or WO study program into practice (e.g., Econometrics, Mathematics, Physics or another related study);
  • You are excited about modelling and programming in Excel, SAS, Matlab, R or Python;
  • You do not hesitate to use your analytical skills to solve complex problems in a creative and logical way;
  • You are energized by stakeholder management and you are well adept at gathering reliable information;
  • You are ambitious, self-reflective and dare to be confident in an authentic way.

What do we offer?

We offer the opportunity to become an expert in the field of Quantitative Modelling, where we train you in a proven way to excel into a high-end professional. Needless to say, excellent working conditions are of great value to us. This includes the following:

  • Working 4 days a week at a large bank or insurer in Amsterdam, Utrecht, Rotterdam or The Hague;
  • Developing yourself 1 day a week in-house with personalized and professional coaching and training;
  • Regular fun team activities with the other Young Talents; think of escape rooms, drinks and dinners;
  • An international working environment with Young Talents from all over the world;
  • The possibility to obtain a work permit when required: we are an official visa sponsor;
  • Pro-deo Young Talent projects with socially relevant NGOs;
  • The opportunity to take the next step in your career with the client after successfully completing the Young Talent program;
  • A competitive salary, performance bonus and great secondary benefits/secondary employment conditions;
  • A public transport card and OV-bike.

Application process

First, you will be invited for a career coaching interview at our office to talk about your ambitions and to get to know each other. After a successful completion of the initial interview, we will present a number of Young Talent positions based on your qualities and career goals. After a preparatory assessment, we invite you for an in-depth interview with the relevant bank or insurer, after which we will definitively decide whether our Young Talent position is the right choice for you.

The start

Every 3 months a new group of Young Talents starts within our program, we offer flexibility in your starting time in those 3 months depending on your graduation date or personal career goals. Together with you we look at the best moment to start, depending on your graduation and other significant factors.

In conclusion: Are you working on your thesis or have you already graduated and are you ambitious to develop yourself into a Quantitative Modeller within the financial sector? Then please send your resume to youngtalent@mployassociates.com. We will make sure to respond within two working days. We are looking forward to meet you!