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Portfolio Manager Assistant Internship – Merger Arbitrage

Varenne Capital Partners is a global hedge fund with over 3 billion dollars of assets under management. We strive to achieve this goal by employing proprietary research and combining complementary investment frameworks in a single strategy: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. All our investment frameworks stem from years of research and development and as a result comprise original methodologies, formalized processes, dedicated teams of analysts and bespoke information systems. It is the opportunity for you to join a well-established and fast-growing hedge fund with a long track record of success as part of a diverse, stable and experienced investment team.

 

Mission

The Merger Arbitrage framework acts as a fund within the fund. The team deploys capital on friendly and announced deals which present an attractive risk/reward profile. Each potential opportunity is carefully assessed through our proprietary in-depth analysis framework covering all aspects of a transaction. As part of the team, your tasks will be varied and will include:

  • Preparing the weekly investment meeting
  • Screening new arbitrage opportunities
  • Contributing to the analysis of deals and attend investment committees
  • Monitoring of the portfolio and the strategy environment
  • Interacting with other teams (middle office, risks, compliance, marketing, …)
  • Research and Development

 

Profile

Excellent academic background from a top tier University or Business School.

Solid skills in Financial Analysis and Corporate Finance. CFA is a plus.

Proficiency in Microsoft Office. Bloomberg and VBA are a plus.

Fluency in spoken and written English essential, French is a plus.

Strong work ethic and teamwork orientation with a proactive attitude.

 

Terms

Length : 6 months

Start : January 2023

Location : 42 avenue Montaigne, 75008 Paris, France

Contact : bvaur@varennecapital.com

IT Java Full Stack Developer asset management

Part of a dynamic and very integrated team that works in agile environment and gives strong responsibilities and autonomy. You will be in charge of maintaining and developing the Varenne Capital Partners internal front to middle to reporting software. You will be key in building the new software architecture that can support the company growth.

Ideally, you have a first knowledge in finance and particularly in asset management (front to middle workflows, risk and compliance) so you can understand the end user requirements.

You will have to take care of projects from user specifications to production roll out in a short decision-making environment.

 

Education

Master's (M2) in Computing science or equivalent 

 

Professional experience

Between 1 and 3 years of experience in inhouse software development. A first experience in finance is preferred but not mandatory.

 

Required skills

• Perfect understanding of object programming concepts

• Significant experience in inhouse JAVA applications development

• GIT or SVN source code managing

• First use and knowledge of relational database querying, ideally PostgreSQL

Willingness to learn, progress and always “go the extra mile”.

• Numerical fluency and a high comfort level with technical subjects

• Strong analytical skills and judgement.

• Fluency in English is required.

• A first use of IntelliJ IDE is a plus.

 

Terms 

Length : Permanent contract

Start : As soon as possible

Location : 42 avenue Montaigne, 75008 Paris, France

Contact : splossard@varennecapital.com

Portfolio Manager Assistant Internship – Diversified Long/Short

Varenne Capital Partners is Paris-based, process-driven, global investment manager with over 3 billion euro of assets under management, whose purpose is to deliver superior long-term returns with the minimum necessary risk-taking. We strive to achieve this goal by employing proprietary research and combining complementary investment frameworks in a single strategy: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. Our ‘brokers are not welcome’ policy means that we rely exclusively on our own internal research and base our analysis on facts and figures. All of our investment frameworks stem from years of research and development and as a result comprise original methodologies, formalized processes, dedicated teams of analysts and bespoke information systems.

 

Mission

The BQL team, which manages the long/short diversified strategy, selects its investments on the basis of the output of proprietary algorithms. As a member of the team, you will assist the Managers in charge of the strategies. Tasks will be varied and will include:

  • Participation in the investment process: validation of the signals on which the strategy is based, portfolio construction
  • Front office tasks, monitoring of corporate actions, dividends and stop losses
  • Development of Reporting tools and spreadsheets on Tableau
  • R&D of new proprietary algorithms

Profile

Ideally, the candidate will have a degree in either Mathematics, Engineering or Finance, have an interest in the asset management industry and seek a first full-time experience in a hedge fund. We require solid skills in programming: VBA, Python, Tableau and SQL. Good knowledge in Corporate Finance, Accounting and Financial Markets is required.

Previous experience in banking, consulting/auditing firms and asset management is a plus.

We also demand the capability of working within a team, flexibility and a proactive approach. Fluency in French would be beneficial.

Should you succeed in your tasks, you could be made an offer for a permanent position.

 

Terms

Length : 6 months

Start : July/September 2022

Location : 42 avenue Montaigne, 75008 Paris

Contact : talent@varennecapital.com

Data Scientist – Merger Arbitrage

Varenne Capital Partners is a global hedge fund with over 3.4 billion dollars of assets under management. We strive to achieve this goal by employing proprietary research and combining complementary investment frameworks in a single strategy: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. All our investment frameworks stem from years of research and development and as a result comprise original methodologies, formalized processes, dedicated teams of analysts and bespoke information systems. It is the opportunity for you to join a well-established and fast-growing hedge fund with a long track record of success as part of a diverse, stable and experienced investment team.

 

Mission

The Merger Arbitrage strategy acts as a fund within the fund. The team deploys capital on friendly and announced deals which present an attractive risk/reward profile. Each potential opportunity is carefully assessed through our proprietary in-depth analysis framework covering all aspects of a transaction. As a member of the team, you will focus on building our proprietary database and associated data analysis tools. Tasks will be varied and will include:

  • Integrate data from external sources
  • Create data visualizations and dashboards in Tableau for quantitative and qualitative analysis of the investment strategies
  • Build new investment tools and associated workflows
  • R&D of new proprietary sub-strategies

 

Requirements

Degree in Mathematics, Engineering or Finance

Solid skills in programming: VBA, Python, Tableau and SQL

Ability to work with datasets and to present complex information in a simplified way

Good knowledge in financial markets and merger & acquisitions

Fluency in spoken and written English essential, French is a plus

Strong work ethic and teamwork orientation with a proactive attitude

 

Terms

 

Length : 6 months

Start : As soon as possible

Location : 42 avenue Montaigne, 75008 Paris, France

Contact : bvaur@varennecapital.com

Risk Officer

The Risk Officer will handle all risk related tasks in relation to Varenne Capital Partners’ UCITS and AIFMD funds to ensure compliance with the regulatory and internal guidelines. To this purpose she/he will identify, monitor and report on an ongoing basis all risks related to Investments. In addition, she/he will identify, report and implement areas for improvement; and will assist in project related tasks and special requests. 

 

Duties and responsibilities 

• Support the Head of Risk Management 

• Monitor the funds’ risk in line with regulatory and internal requirements 

• Ensure correct execution of the daily controls and risk reporting 

• Support the development, implementation, and maintenance of efficient controls in all areas covered by the risk management department 

• Ensure accurate documentation of processes 

• Ensure adequate reporting of all Risk Management related topics to senior management, internal / external auditors and local regulator. 

• Assist in the implementation of the firm’s Risk Management strategy and framework in all of its different aspects with a strong focus on investment risk across: 

­ Strategy and policy formulation 

­ Governance 

­ Systems 

­ Communication and training 

• Support all enterprise/operational risk initiatives.  

• Participate in fostering the right risk culture across the organization.  

Risk Reporting and Communication 

• Provide timely risk information to senior leadership team, including highlighting any major risks or concerns in a timely manner. 

• Oversee the monitoring of risk appetite and monitoring adherence to policy across the business. 

• Support the Head of Risk in his communications with internal and external stakeholders, including regulators. 

• Maintain industry awareness, best practice insight and regulatory knowledge to ensure that risk oversight at the firm is up to date and in line with its risk profile and systemic importance. 

Risk Identification, Management and Monitoring 

• Act as a relay to the Head of Risk as an expert sounding board for the business on risk related matters. 

• Help to maintain a risk appetite framework including statements and limits whilst receiving input from the first line functions. 

• Facilitate the articulation of and calibration process for the risk appetite 

 

Risk Control 

• Establish risk management methodologies, analytics and models. 

• Review and challenge risk controls. 

• Produce reports/dashboards regarding risk profiles and the effectiveness of controls. 

• Participate in ensuring that risk model approaches, inputs, assumptions and stress testing scenarios are appropriately challenged on an ongoing basis. 

  

Education 

Master's (M2) in Finance / Financial Mathematics or equivalent 

  

Professional experience 

Any experience in a risk function preferably in the Asset Management sector but candidates with an investment banking background will also be considered. 

  

Required skills 

• A sound technical understanding of both financial and non-financial risks including, but not limited to investment, credit, market, liquidity and enterprise/operational risk. 

• A successful track-record managing risk including quantification, policies and processes, risk-based performance measurement.. 

• A good understanding of applicable UCITS & AIFMD regulation from ESMA and local NCAs regulatory requirements and principles: France (AMF) and /or Luxembourg (CSSF). 

• Willingness to learn, progress and always “go the extra mile”.  

• Numerical fluency and a high comfort level with technical subjects.  

• A deep understanding of risk management measures & models. Knowledge of derivatives modelling, and pricing would be a plus. 

• Strong analytical skills and judgement. 

• Familiarity with Excel / Visual Basic. 

• Knowledge of any programming language / tool would be a plus. 

• Fluency in English is required. 

 

Terms 

Length : Permanent Contract 

Start : As soon as possible  

Location : 42 avenue Montaigne, 75008 Paris, France 

Contact : lchretien@varennecapital.com 

LinkedIn 

https://www.linkedin.com/jobs/view/3328684383/?refId=m3qWlmB5ToSg5%2FU%2FzXjDrA%3D%3D 

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