Quant jobs / BNP Paribas

Structured Credit Trading Analyst Trainee

Support BNP Paribas’s structured credit traders with risk, valuation and P&L analysis. The Lisbon team works with London and Paris desks on credit exotics, ABS and CLO products.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Explain daily trading P&L and investigate risk changes.
Analyse convexity and the effects of new credit-exotic trades.
Check structured-note valuations against desk benchmarks.
Develop monitoring tools with quants and technology teams.

What they ask for

Required

Financial-market fundamentals
Analytical and quantitative reasoning
Advanced Excel
Written and spoken English

Education: Master’s in finance, mathematics, engineering or economics.
Experience: Trainee position; no prior minimum years stated.
Languages and tools: Excel
Markets: credit

How to prepare

Build a credit-spread sensitivity and P&L explanation example.
Study structured-note payoffs and credit-event mechanics.
Reconcile valuation differences against an independent benchmark.

What to study

The Derivatives Pricing Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on BNP Paribas’s site before applying: requirements, location and pay can change after we check them.

View the posting on BNP Paribas’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with BNP Paribas and doesn’t handle applications.