Quantitative Analyst, Front Office (Calypso)

Nasdaq; Paris; Hybrid; EUR 100,000 - 140,000; Full time

Benefits offered by this job

Annual bonus

Equity grant

Stock Purchase Plan

Pension plan

Hybrid work setup

Paid time off

Health insurance

Mental health support

Education / training

Fika breaks

Job summary

Nasdaq Calypso in Paris is seeking a PhD-level Quantitative Analyst to design, implement, and productionize pricing and risk models across rates, FX, credit, equity, and commodities. You will translate theory into high-performance code and work closely with traders and engineers.

You'll contribute to AI/ML initiatives for model acceleration and anomaly detection, and you’ll document models for validation reviews while collaborating with global teams. Hybrid work with 3 days in office.

Qualifications

• PhD (or equivalent) in Mathematics, Physics, Engineering, Computational Finance, or related quantitative discipline.
• Up to 5 years of derivatives analytics experience as a Quantitative Analyst.
• Strong development proficiency in Java, C++, or C#, with collaborative development experience.
• Solid grounding in stochastic calculus, numerical methods, and derivative pricing theory.
• Clear communicator with cross-functional global teams.

Responsibilities

• Develop and maintain pricing, risk, and XVA models across rates, FX, credit, equity, and commodities.
• Translate mathematical specifications into production-grade code from derivation to deployment.
• Collaborate with traders and engineers to calibrate and extend models to new products and markets.
• Optimize performance with vectorization, parallel compute, and adjoint sensitivity techniques.
• Contribute to AI/ML initiatives focused on calibration and anomaly detection, with documentation for model validation.

Skills

Programming proficiency

Stochastic calculus

Cross-functional communication

Education

PhD or equivalent research in quantitative field

Tools

Version control

Code review practices

Job description

As a Quantitative Analyst reporting to Senior Quantitative Analyst, you’ll play a critical role in designing, implementing, and productionizing the pricing and risk models that power our clients’ trading desks globally.

You’ll thrive in this position if you’re analytically rigorous, passionate about building production-grade analytics, and energized by working across asset classes in a fast-paced, high-impact environment.

Nasdaq Calypso delivers mission-critical risk, regulatory, and trading technology to some of the world’s largest financial institutions - and this team sits at the heart of that work.

Key Responsibilities

• Develop and maintain pricing, risk, and XVA models across rates, FX, credit, equity, and commodities asset classes.

• Translate mathematical specifications into high-performance, well-tested production code, owning models end-to-end from derivation through to deployment.

• Partner directly with clients’ quantitative analysts and traders to calibrate, validate, and extend models to new products and markets.

• Collaborate with Engineering teams on performance optimization, including vectorization, parallel compute, and adjoint sensitivity techniques.

• Contribute to AI/ML initiatives focused on model acceleration, calibration, and anomaly detection, and produce clear technical documentation for model validation reviews.

Required Qualifications

• PhD (or equivalent research experience) in Mathematics, Physics, Engineering, Computational Finance, or a related quantitative discipline.

• Up to 5 years of experience in derivatives analytics as a Quantitative Analyst, covering any asset class.

• Strong development proficiency in Java, C++, or C#, with experience in collaborative development environments including version control and code review practices.

• Solid grounding in stochastic calculus, numerical methods (Monte Carlo, PDE, finite difference), and derivative pricing theory.

• Clear communicator with experience working across global, cross-functional teams including traders, engineers, and clients.

Preferred Qualifications

• Experience with algorithmic differentiation libraries or exposure to XVA, regulatory capital frameworks, or initial/variation margin calculation engines.

• Applied ML/AI in pricing, calibration, or risk contexts using frameworks such as PyTorch, JAX, or scikit-learn.

• Cloud-native development experience and familiarity with contributing to a software provider or sell-side production analytics library.

This position is based inParisand offers a hybrid work environment with at least 3 days per week in office.

Benefits & Rewards

We offer a competitive, well-rounded rewards package that supports you and your family - inside and outside work. Actual pay depends on your skills, experience, education, and location. In addition to base pay, we offer short-term incentives (bonus or commission) and long-term incentives (equity), where applicable, as well as the following benefits:

• Competitive base salary

• Annual bonus

• Annual equity grant

• Employee Stock Purchase Plan offering discounted company shares

• Pension plan with Nasdaq contribution

• 6 additional days off per year

• Extra vacation time based on tenure

• Work from (almost) anywhere – up to 20 days/year

• Paid time off to volunteer

• Health insurance

• 24/7 mental health support for you and your family

• Global mentoring program

• Unlimited access to e-learning platforms

• Hybrid work setup

• Modern and comfortable work environment with fresh fruit, snacks, and weekly fika breaks.

Learn more on our Nasdaq Benefits & Rewards Career Page.

Come as You Are

Nasdaq is an equal opportunity employer. We welcome applications from candidates of all backgrounds and identities.

We are committed to fostering an inclusive workplace where diverse perspectives, experiences, and identities are valued and celebrated.

We ensure that individuals with disabilities are provided with reasonable accommodation throughout the hiring process.