Job Description
- Position: FICC Derivatives Trading
- Affiliate: Hanwha Investment & Securities
- Location: Yeouido, Seoul
- Position Type: Conversion Track (Full-time offer available)
- Responsibilities
- FICC Derivatives Investment
- Support trading activities across interest rate, FX, and credit derivatives in domestic and global markets
- Assist with trade execution support, pricing and modeling, P&L analysis, and market research
- Support process improvement and basic task automation
- Required/Preferred Qualifications
- Language requirements : Fluent in Korean and English (written and spoken)
- Background in Economics, Mathematics, Statistics, Financial Engineering, or Computer Science
preferred
- Proficiency in Python, R, and SQL; familiarity with basic data pipelines and visualization tools
- Financial certifications or progress toward professional qualifications preferred.
- Required Documents for Application
- Resume
- Case Study answer
※ You may write the case study in either Korean or English
Case Study
- Submit a detailed up to two-page analysis on each of the questions below
*You must provide an answer to all questions
Consider a 5-year unsecured corporate bond paying a 6% annual coupon. Assume the treasury yield curve is flat at 4% for 5 years. Assume the recovery value is $0. Assume that the probability that the corporate defaults in any year, given it has not so far, is 5%.
Show the derivation of your answers for the following questions. (2 pages)
a. How much is the bond worth?
b. What spread is the bond trading at?
c. Now assume that upon default, lenders can recover $70 at the time of default, How much is
the bond worth?
d. What spread is the bond now trading at?
Logistics & Disclaimer
- This is a paid internship.
- Applicants are advised to thoroughly review their applications for accuracy and completeness before submission. We will not be responsible for any disadvantages in the selection process resulting from any errors or omissions.
- In the case of any fraudulent recruitment practices or suspicion of any unethical behavior, the offer of internship may be revoked.
- False information or failure to provide verifiable documentation when requested will result in the withdrawal of the internship offer.
- Individuals with registered disabilities and those eligible for veteran’s benefits will be given preferential treatment in accordance with relevant laws and internal regulations.
- All communication regarding the progress of your application and screening results will be conducted via email. Please ensure your email address is correctly entered.
Job Description
- Position: FICC Derivatives Trading
- Affiliate: Hanwha Investment & Securities
- Location: Yeouido, Seoul
- Position Type: Conversion Track (Full-time offer available)
- Responsibilities
- FICC Derivatives Investment
- Support trading activities across interest rate, FX, and credit derivatives in domestic and global markets
- Assist with trade execution support, pricing and modeling, P&L analysis, and market research
- Support process improvement and basic task automation
- Required/Preferred Qualifications
- Language requirements : Fluent in Korean and English (written and spoken)
- Background in Economics, Mathematics, Statistics, Financial Engineering, or Computer Science
preferred
- Proficiency in Python, R, and SQL; familiarity with basic data pipelines and visualization tools
- Financial certifications or progress toward professional qualifications preferred.
- Required Documents for Application
- Resume
- Case Study answer
※ You may write the case study in either Korean or English
Case Study
- Submit a detailed up to two-page analysis on each of the questions below
*You must provide an answer to all questions
Consider a 5-year unsecured corporate bond paying a 6% annual coupon. Assume the treasury yield curve is flat at 4% for 5 years. Assume the recovery value is $0. Assume that the probability that the corporate defaults in any year, given it has not so far, is 5%.
Show the derivation of your answers for the following questions. (2 pages)
a. How much is the bond worth?
b. What spread is the bond trading at?
c. Now assume that upon default, lenders can recover $70 at the time of default, How much is
the bond worth?
d. What spread is the bond now trading at?
Logistics & Disclaimer
- This is a paid internship.
- Applicants are advised to thoroughly review their applications for accuracy and completeness before submission. We will not be responsible for any disadvantages in the selection process resulting from any errors or omissions.
- In the case of any fraudulent recruitment practices or suspicion of any unethical behavior, the offer of internship may be revoked.
- False information or failure to provide verifiable documentation when requested will result in the withdrawal of the internship offer.
- Individuals with registered disabilities and those eligible for veteran’s benefits will be given preferential treatment in accordance with relevant laws and internal regulations.
- All communication regarding the progress of your application and screening results will be conducted via email. Please ensure your email address is correctly entered.