SMBC Group

Quantitative Researcher Intern (Capital Markets)

Job Locations US-NY-New York
Posting Date 6 months ago(11/18/2022 1:10 PM)
Career Category
Capital Markets
Corporate Title
Limited Duration Parttime (Non-Exempt)


SMBC Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan.


Our Capital Markets business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange. We have been in operation for more than 30 years and is a leading market-maker in several markets.


Our Quantitative Research group is seeking a Quantitative Researcher Intern to assist with the group’s model analysis, testing, and documentation. This provides you a unique opportunity to learn interest rate modeling, from yield curve construction to pricing and risk management. The position will be full-time beginning January 2023.


The anticipated range for this role is between the hourly rate of $20 and $30. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.


The Quantitative Researcher Intern will assist full-time staff with the following tasks:

  • Monitor existing models, run model calibration.
  • Test new models and verify results.
  • Perform statistical analyses to assess model performance.
  • Prepare model documentations (e.g. model specifications, methodology, performance tests)


  • Open to current senior (final) year college student in a Bachelor’s or Graduate Degree program with a major in Math/Science/Engineering, or a related area
  • Strong academic track record: Ideally 3.5 GPA or higher
  • Strong interest in a financial services career within quantitative research area
  • A quick learner, team player with strong analytical background and high level of intellectual curiosity
  • Excellent written and verbal communication skills with specific ability to communicate concepts and ideas concisely



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