2027 - Global Markets - Rates Structuring - Off Cycle Internship – Paris

NOMURA HOLDINGS, INC. (Old); Paris; Hybrid; EUR 11,000 - 18,000; Full time

Job summary

Nomura is seeking an intern for January to June 2027 in its Global Markets - Rates Structuring team. You will work closely with trading, sales, quants, and back-office to price derivatives and structured notes, support term sheets, and assist with client presentations.

You will also contribute to automating the desk's platform using Python, developing pricing tools, data pipelines, and monitoring. This internship offers exposure to rates structuring and hands-on experience in a fast-paced

Qualifications

• Degree in a quantitative discipline (Mathematics, Engineering, Physics, Finance, Economics).
• Strong numerical and analytical skills; interest in rate derivatives and structured products.
• Proficiency in Python; Excel an advantage.
• Excellent written and verbal communication; team player in a fast-paced environment.

Responsibilities

• Join the Rates Structuring team and collaborate with traders, quants, and legal teams.
• Assist in pricing derivatives and structured notes; manage term sheets and documentation follow-up.
• Contribute to automation of the desk's platform using Python; build data pipelines and dashboards.
• Gain experience to operate as a rates structurer in a dynamic environment.

Skills

Python programming

Analytical skills

Strong numerical skills

Communication skills

Education

Degree in Mathematics/Engineering/Physics/Finance/Economics

Tools

Excel

Job description

Job description

Looking for an intern for the following start dates:

January to June 2027

Who we are

Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through our three business divisions: Retail, Wholesale (Global Markets and Investment Banking) and Investment Management.

Driven by the insights of some 26,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia.

Global Markets overview

Nomura's Global Markets business facilitates client transactions for a diverse group of institutions including corporations, governments and investment funds around the globe. In addition, we act as market makers, trading in fixed income and equity securities, currencies, derivatives as well as structured financial products.

Programme overview:

Internships are a great opportunity to experience first-hand the possibilities of a career in banking. It is your chance to get a feel for our culture, create new networks and gain valuable on-the-job training.

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

Team outline

The Rates Structuring team designs, prices and executes bespoke interest rate and hybrid solutions for institutional clients, spanning derivatives, structured notes and funding solutions. The team sits at the centre of the desk, working daily with Trading, Sales, Legal, Middle and Back Office, and Technology.

Role description

• Candidate will join an established Rates Structuring team and will work closely with other stakeholders including trading, sales, quants, Legal, Middle and Back-office teams.
• Responsibility includes supporting the structuring team in their day-to-day tasks, including pricing of derivatives and structured notes, note issuance workflow (term sheets, documentation follow-up, coordination with the issuance platform), and production of marketing pitches and client presentations.
• Candidate will also contribute to the automation of the desk's platform through Python development — pricing tools, data pipelines, reporting and monitoring.
• Role will give candidate the opportunity to immerse in the rates structuring environment and to obtain the relevant skill-set to operate as a rates structurer.

Candidate profile

• Degree in a quantitative discipline (Mathematics, Engineering, Physics, Finance, Economics).
• Strong numerical and analytical skills; interest in interest rate derivatives and structured products.
• Proficiency in Python; Excel an advantage.
• Excellent written and verbal communication; team player able to operate in a fast-paced environment.

Nomura competencies

Culture & Conduct

• Makes significant culture contribution
• Sets diverse / inclusive work environment
• Demonstrates high professional integrity
• Actively participates in development opportunities
• Actively leverages strengths and addresses weaknesses

Client-Centricity & Business Acumen

• Expert in own business area, understands its market
• Generates commercial ideas to benefit clients
• Identifies and articulates core issues
• Assimilates and articulates complex informationDevelops workable recommendations

Strategy & Innovation

• Translates divisional and firm-wide strategies into plans
• Contributes innovative / entrepreneurial ideas
• Builds on others' insights and turns ideas into reality
• Knows when to decide / when to escape
• Recognizes and takes action when changing circumstances require new approaches
• Adapts swiftly

Leadership & Collaboration

• Diligently and objectively evaluates own and others' performance throughout the year
• Identifies quality people
• Recognizes / communicates results, successes and learnings
• Collaborates within and across teams, involving the right people
• Supports / challenges colleagues
• Enables formal / informal development
• Anticipates potential conflict, takes steps to resolve

Communication & Connectivity

• Listens and communicates effectively at all levels
• Moves negotiations / discussions forward
• Gains co-operation / support for ideas
• Grows / maintains internal / external network
• Proactively works across teams / functions

Execution & Delivery

• Inspires positive commitment in others
• Keeps self / others focused on meeting goals
• Identifies conflicting priorities and manages accordingly
• Communicates changes to plans to relevant people
• Maintains commitment in the face of challenges
• Handles difficult feedback positively and constructively

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees. We do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.