2013 Bloomberg Evaluated Pricing Quant Internship - Bloomberg (New York, NY)
Posted: Thursday, January 3, 2013 6:03 AM
2013 Bloomberg Evaluated Pricing Quant InternshipJob Requisition Number: 35491United StatesNew York - NY The Role The Bloomberg Evaluated Price team (BVAL) provides mark-to-market pricing for over 2 million securities throughout the day. BVAL prices provide much needed transparency to the markets and give our clients unprecedented advantages in their portfolio valuation. The proprietary algorithms developed have been the results of a multi-year research project within Bloomberg. Bloomberg has a competitive advantage in algorithmic pricing due to the large amount of incoming data at our disposal and our industry leading analytics. The BVAL team is a fast-paced team of experts including quants, programmers and application and market specialists. This position is for the BVAL Quant team which is responsible for building the algorithms that drive the product. Responsibilities * Research and prototype and/or implement mark-to-market pricing models for various securities including bonds and options. * Work closely with the BVAL quant team members, application team, and market specialists to capture the current state of the market in the models as closely as possible. Qualifications * Working towards a graduate degree in Mathematics, Statistics, Physics, Engineering, Finance or related field. * Hands-on experience with at least one out of C, C++, MATLAB, and R. *Strong mathematical background. * Good intuition and understanding of statistical, financial and econometric models, as well as estimation and calibration techniques and experience with handling large scale data sets. * Strong problem formulation and problem solving skills with particular emphasis on ill-conditioned and loosely defined problems. * Strong communication skills and ability to work in a multi-team environment. The Company Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company''s strength - delivering data, news and analytics through innovative technology, quickly and accurately - is at the core of the Bloomberg Professional service, which provides real time financial information to more than 300,000 subscribers globally. Bloomberg''s enterprise solutions build on the company''s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government and Bloomberg New Energy Finance, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 13,000 people in 185 locations around the world.
• Post ID: 36298492 newyork