Company Purpose
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Business Area
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries and over 196,000 employees, including around 149,000 in Europe. The Group operates across Domestic Markets, International Financial Services, and Corporate & Institutional Banking.
Business Area/Dept Overview
This role is within the RISK Markets and Financial Institutions (RISK MFI) Analysis & Decisions (A&D) Market & Liquidity Risk (MLR) team. The team covers market risks generated by Global Markets (GM) activities across equities, rates, credit, repo, FX, XVA and commodities.
Job Purpose
The role assists senior team members in daily business activities and contributes to a variety of tasks, providing a general introduction to the business of RISK MFI and Global Markets. The role focuses on one or more asset classes among equities, rates, credit, repo, FX, XVA and commodities.
Key Responsibilities
- Act as the point of contact for Global Markets on market risk topics for assigned asset classes.
- Articulate main risks and risk opinions to management.
- Review and provide opinions on information and views from Global Markets.
- Understand the valuation, capital, funding, and liquidity impact of the business line.
- Provide support as a business‑line expert to other RISK teams.
- Understand and challenge market‑risk capital framework and valuation models.
- Perform market‑risk analysis of structured/complex transactions.
- Chair main positions meetings and other forums with Trading, providing independent risk analysis and opinion, escalating risk topics.
- Provide accurate risk information and opinion to the FMRC and other senior management forums.
- Perform in‑depth ad‑hoc analysis and formulate opinions, escalating as needed.
- Analyze risk using available tools, drive their improvement, and ensure adequate understanding of risks when tools or data are inadequate.
- Set and ensure timely review of market‑risk limits within the framework.
- Review and approve the market risk of exceptional transactions and amend trading mandates for French Banking Law/Volcker Rule desks.
- Define risk measurement methods such as stress tests, regulatory measures, and VaR methodologies.
- Contribute to French Banking Law/Volcker Rule control plans.
- Support senior team members with day‑to‑day activities.
Requirements
- Master’s degree from a leading university with an excellent academic record, or equivalent work experience.
- Good understanding of financial markets.
- Good knowledge of options principles (trading, risk management) and derivatives markets (products and markets).
- Curious and eager to learn.
- Confident verbal, written communication and networking skills.
- Excellent spoken and written English; additional languages are an advantage.
- Proficient with MS Office tools, including Excel; Python/R/VBA preferred.
- Great organisational, multitasking and time‑management skills.
- Team player, proactive, independent, enthusiastic self‑starter with strong interpersonal skills.
Conduct
- Be a role model, supporting and fostering a culture of good conduct.
- Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.
- Consider the implications of your actions on colleagues.
Location
London
Duration
11 months internship
Equal Opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition that may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
Application Note
- You may only apply to four Long Term Internships over the course of a year; these may be across any business area.
- Successful candidates for this long term internship will be considered for London only.
- Please discuss the available start dates with your interviewers.
Benefits
- Generous holiday allowance of at least 26 days (plus bank holidays), with an option to buy and sell holidays.
- 12% non‑contributory pension with sustainable investment options; life assurance, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering, including a private medical scheme, dental cover, wellbeing app, CBT support, subsidised gym memberships and more.
- Onsite services such as physiotherapy, nutrition, massage therapy and fitness centre.
- Back‑up care for dependants, green car leasing, season ticket loan, and other benefits.
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