Quantitative Analyst, Front Office (Calypso)

Nasdaq, Inc.; Paris; Hybrid; EUR 90,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Hybrid work setup

Annual bonus

Equity grant

Pension plan

Extra vacation days

Volunteer time off

Stock purchase plan

Mentoring program

Learning platforms

Well-being support

Job summary

Nasdaq, Inc. seeks a Quantitative Analyst in Paris to design, implement, and productionize pricing and risk models across asset classes. You will collaborate with traders and engineers to turn theory into faster, robust production code and deliver validated models for global clients.

The role requires a PhD or equivalent in a quantitative field, strong programming in C++, Java or C#, and solid knowledge of stochastic calculus and numerical methods. Hybrid work in Paris is offered.

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 across any asset class.
• Strong development proficiency in Java, C++, or C#, with collaborative development practices.
• Solid grounding in stochastic calculus, numerical methods (Monte Carlo, PDE, finite differences), and derivative pricing theory.
• Clear communicator with experience working across global, cross-functional teams.

Responsibilities

• Develop and maintain pricing, risk, and XVA models across rates, FX, credit, equity, and commodities asset classes.
• Translate mathematical specifications into high-performance production code from derivation to deployment.
• Partner with clients' quantitative analysts and traders to calibrate, validate, and extend models to new products and markets.
• Collaborate with Engineering on performance optimization, including vectorization and parallel compute.
• Contribute to AI/ML initiatives for model acceleration and anomaly detection with clear documentation.

Skills

Java

C++

C#

Mathematical modeling

Education

PhD in Mathematics/Physics/Engineering/Computational Finance

Tools

Git

PyTorch

JAX

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 in Paris and offers a hybrid work environment with at least 3 days per week in office.

Benefits & Rewards

• 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.

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.

At Nasdaq, we’re proud to be the engine behind the world’s capital markets. But we don’t stop there. We build the technology that drives transparency, trust, and access—helping economies grow and people thrive. Our purpose is to advance economic progress for all. Whether you’re a client, a colleague, or part of our broader community, we’re here to move markets—and possibilities—forward.

Join our Talent Community to stay in the loop on upcoming roles, events, and new opportunities across Nasdaq. Our hybrid work model, NasdaqBlend, gives you flexibility to do your best work—whether that’s from home, in the office, or a mix of both.

Check the job listing or reach out to our team for role-specific details.

We’re a global team of over 8,500 innovators across 38 countries, united by a shared purpose: advancing economic progress for all. It’s not just what we do—it’s how we do it, together.

Want a deeper look into our culture? Explore our Culture Book.

We support your success through You&Q, our total rewards program that covers every dimension of life—from building wealth and growing your career to prioritizing well-being and family care.

Join the Team Advancing Economic Progress for All.