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Quantitative Researcher Intern (Capital Markets)

SMBC Capital Markets
Quantitative Researcher Intern (Capital Markets)
New York, US
41,600 - 62,400
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Job Description


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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SMBC’s employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

SMBC is an EO employer – M/F/Veteran/Disability. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at

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