Interns in derivatives valuation (derivative products) with the option of converting to a permanent contract

At KPMG, you’ll join a team of diverse and dedicated problem solvers, connected by a common cause: turning insight into opportunity for clients and communities around the world.

The Opportunity

In a context of sustained growth, the Financial Risk Management group within the Advisory practice is seeking an intern specialized in the valuation of financial instruments for its Montreal office. The successful candidate will provide services in the field of valuation of over-the -counter (OTC) financial instruments and derivatives in support to the local audit teams for a diverse client base covering financial institutions and large corporations. The candidate will work closely with the practice management and the audit teams.

Our Financial Risk Management team is looking for full-time interns (6 months) starting from in our Montreal office.

1) Internship (part time or full time) :

• From October 1st, 2024 to March 31st, 2025
• Possibility to convert the internship into a permanent role (Consultant) from April 2025.
• Full time with possibility of part-time (25h/week) for the first 3 months (before January 2025) and full time afterwards

• Execute valuation engagements related to financial instruments and derivative contracts
• Perform quantitative work related to modeling or model validation.
• Ensure the execution of several engagements simultaneously.
• Produce detailed reports presenting the valuation opinion documenting the underlying approach, assumptions, and market data
• Document the work according to the documentation templates required by the audit teams
• Communicate the results to different stakeholders in a concise and clear way  
• Work to deadlines that may be very tight and hard to meet, possibly leading to extended hours.
• Progressively, the candidate could also work on other Financial Risk Management subjects (Market risk, credit risk, operational risk, investment)

• 0 to 3 years of relevant experience
• Master's degree in finance or financial engineering, or any other related discipline
• Certifications (CFA, FRM or PRM are an asset)
• Experience and knowledge:
  • Understanding of financial markets and derivatives valuation
  • Understanding of practical issues related to the development of valuation methods for standard or exotic derivatives with complex cash flow structures
  • Calculation of sensitivities (Greeks)
  • Understanding of the accounting aspects related to derivatives and financial instruments, including hedge accounting
  • Proficiency in programming (Python, Matlab, VBA, R or SAS)
• Other experience and knowledge considered an asset:
  • Market risk management (VaR) or counterparty risk management (XVA)
  • Understanding of the Front, Middle and Back office environment, including processes, systems, risks, limits, and controls
  • Breakdown and attribution of P&L
• Skills required for the position:
  • Demonstrate technical, analytical and problem-solving capabilities
  • Excellent spoken and written communication skills
  • Excellent ability to manage timelines and meet tight deadlines
  • Ability to perform under pressure
  • Demonstrate initiative and autonomy

Please send your candidacy with the following elements:

• Curriculum vitae
• Other useful documents (academic transcript and cover letter)

Keys to your success

KPMG individuals Deliver Impact | Seek Growth | Inspire Trust and understand that a diverse workforce enables us to deepen relationships and strengthen our business.

Providing you with the support you need to be at your best

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KPMG in Canada is a proud equal opportunities employer and we are committed to creating a respectful, inclusive and barrier-free workplace that allows all of our people to reach their full potential. A diverse workforce is key to our success and we believe in bringing your whole self to work. We welcome all qualified candidates to apply and hope you will choose KPMG in Canada as your employer of choice. For more information about Inclusion, Diversity & Equity in Recruitment, please click here.

Adjustments and accommodations throughout the recruitment process

At KPMG, we strive for an inclusive recruitment process that allows all candidates to Come As You Are and Thrive with Us. We aim to provide a positive experience and are ready to offer adjustments or accommodations to help you perform at your best. Adjustments (an informal request), i.e. extra preparation time or the option for micro breaks during interviews, and accommodations (a formal request), i.e. accessible communication supports or technology aids are tailored to individual needs and role requirements.

To begin a confidential conversation about adjustments or accommodations at any point throughout the recruitment process, we encourage you to contact KPMG’s Employee Relations Service team for support by emailing cdnersteam@kpmg.ca or by calling 1-888-466-4778, Option 3.

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