London – Long Term Internship 2024 – Trading Assistant Intern
- Long Term Internship
- Not applicable
Who We Are
BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our
businesses. We are part of the BNP Paribas Group, a financial institution with solid foundations and a proven ability to adapt to
change. If you are thinking about a career in investment banking, there is no better place to begin your journey than with BNP
Paribas CIB. With nearly 30,000 employees in over 55 countries, we can offer you an exciting start to your career.
At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realize their projects around the world. You
can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with
financial solutions across a diverse range of expertise, products, and services. Our origins lie in Europe but nearly a quarter of our employees now works in our multi-award-winning Asia Pacific offices, and we are a committed player in all markets.
Strong risk management, combined with the stability that comes from being part of one of the largest banking groups in the
world, underpin our success. Joining us, you’ll become an integral part of a dynamic team that spans nationalities, cultures,
and backgrounds, drawing together people from around the globe and reflecting our commitment to international placements.
About Global Markets
Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including institutionals, corporates, private banks, and retail distribution networks.
Global Markets encompasses three global business lines: Global Credit, Global Marco, and Global Equities.
Global Markets is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading
floors located in London, Hong Kong, New York, Paris, Singapore, and Tokyo.
FCT (Financing and Collateral transformation)
The repo trading desk provides liquidity and financing to Global Market customers in bond repo and securities lending across regions and collateral types.
The newly created FCT Collateral Optimisation team’s mission is to detect sub-optionality across the global FCT book and fix it. It will therefore generate alpha either by cost reduction or with incremental trades or moving securities internally but in any case the endgame is to improve our return on Balance sheet.
What you’ll do
The long term intern will help implement tools to pilot the activity. In particular:
- A prototype of real inventory live monitoring.
- Converting a desk-made spreadsheet to optimize triparty in a more robust Jupyter/Python environment.
- Helping continue a multi-year effort to propose to global FCT traders and sales generic frameworks to action their daily tasks (recalls, returns, carry check, long/shorts etc).
Competencies required for the role
- Very strong developer background.
- Ability to understand the bottom line and use cases.
- Professional, presentable, and able to properly represent the bank at all times
- Flexible, committed, accepting of varied and frequently demanding schedules
- Outgoing, engaging, friendly, with well-developed inter-personal skills
- Strong interest in and good understanding of the financial markets
- Fluent in English
- Good communicator
- Excellent quantitative and analytical
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
Start Date: ASAP
Length of Internship: 6-11 months