The Quantitative Analytics Team at UBS Shanghai is looking for an undergraduate or graduate student graduating in 2014 to fill this internship position. We specifically look for people who are familiar with the statistical modeling with R. He or she will join a team that focuses on developing and maintaining a statistical model for US RMBS (Residential Mortgage Backed Securities) assets. This internship offers a unique exposure on the securitized product as well as the statistical modeling. There is a possibility that the intern will be converted and take up a full-time position.
Roles and Responsibilities
Participating in the maintenance and development of an existing statistical model for US RMBS. Developing light spreadsheet tools to help traders analyze and monitor their trading exposures. Generating reports to track the market behavior using mortgage loan performance data. Applying the internal mortgage forecasting model to generate projection results for the RMBS assets on a monthly basis. Maintaining the existing libraries and tools which are built to make those forecasting models accessible to the traders and risk managers.
Requirements
Bachelor or above degree from a top tier university, preferably in Science or Finance disciplines (Mathematics, Statistics, Quantitative Economics or Financial Engineering etc).
Strong analytical abilities and sound logic is required.
Good sense with numbers, fast-learning and detail oriented.
Experience in statistical modeling and R is a plus.
Good team spirits with excellent communication skills.
Fluent in both written and spoken English. Minimum CET 6 or equivalent.
Familiar with one of the object oriented computer languages: C++, C#, Java or Python.
How to Apply
Email: SH-QA-Shanghai@ubs.com
Subject: Apply for internship at UBS Quant Team at Shanghai (ABS)
Content:
1) A cover letter describing your qualifications.
2) Your resume in English and Chinese (one page for each in a single pdf file).
3) Indicate when you are available for starting the internship.
About UBS's IB Quantitative Analytics Group
The IB Global Quantitative Analytics Group builds the market-leading analytics across all asset classes and provides comprehensive quantitative analysis support to all business units throughout the Investment Bank in all regions. The group offers the intellectual leadership in generating and exploring new ideas for trade generation, new models for superior risk management, and new platforms for delivering the best solutions worldwide. It has presence in all major financial centers around the world.
About the Quantitative Analytics Team at Shanghai
The Quantitative Analytics Team at Shanghai is part of the IB Quantitative Analytics Group. It was established in 2006 and located in Lu Jia Zui (陆家嘴) of Shanghai Pudong New District. It has a stable team of quantitative analysts and developers with a diverse academic background (e.g. Mathematics, Statistics, Computer Science, Engineering, Physics and Chemistry). They work closely with quantitative analysts at other locations to build analytic models and tools, explore trading strategies, and provide timely analysis reports to the trading desks, structurers and risk controllers within UBS Investment Bank. The team is exposed to all market sectors (e.g. equities, rates, FX, credits and securitized products).
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