FRONT OFFICE –
PASSIVE CURRENCY OVERLAY Assistant (M/F)
TRAINING 6 MONTHS
CONTEXT AND CHALLENGES
BNP Paribas CIB, a core subsidiary of the BNP Paribas Group, is one of Europe’s leading providers of custody services. The Luxembourg branch is a key hub, delivering high‑value‑added solutions such as securities custody, securities‑lending, fund administration, performance measurement, ratings, and bond‑issuance services.
To support the expansion of its business, BNP Paribas is hiring a Front‑Office -Passive Currency Overlay Assistant (M/F) for a 6-month internship in Luxembourg starting in January 2026.
This position offers an excellent opportunity to develop a strong understanding of financial operations and currency risk management, within a dynamic and international front-office environment.
WHAT’S YOUR DAY-TO-DAY MISSION?
As an intern in the Passive Currency Overlay (PCO) team, you will play an active role of the daily production, validation and monitoring of FX hedging operations.
Your core duties will include:
- Deliver PCO services: Execute daily overlay processes with zero‑error accuracy, on‑time delivery and strict adherence to client guidelines.
- Calculate FX exposure & validate FX orders: Apply each client’s hedging strategy, compute the required forward/NDF amounts and verify the numbers before they are sent to the trading desk.
- Drive continuous improvement: Identify bottlenecks, suggest automation (Excel/VBA) and contribute to process‑optimisation initiatives.
- Participate in transversal projects: Join projects such as new service roll‑outs, client‑on‑boarding, specific analytical reports with your manager and matches your skill set.
MISSIONS ARE IMPORTANT, BUT SO ARE THE TEAM AND THE WORK ENVIRONMENT!
Your working environment
The Managed FX & Overlay Solutions (MFOS) department offers a fast‑paced, international front‑office environment where precision, reliability and efficiency are the daily norm.
The team also fosters a supportive environment that encourages initiative, continuous learning and effective teamwork.
Benefits of this position?
- Strategic front-office exposure: Direct insight into how global currency‑hedging and overlay strategies are executed at a top‑tier financial institution.
- Technical & analytical skill boost: Advanced use of Excel, VBA, Bloomberg and data‑analysis tools in a professional setting.
- Cross‑functional collaboration: Daily interaction with traders, TA & FA operations, risk and client‑service teams – perfect for honing communication and coordination abilities.
- Career accelerator: The experience prepares you for future roles within the dealing room in relation with fund operations, risk management, financial analysis or project management within BNP Paribas or the wider asset‑management industry.
- Personal development: Tailored mentoring, regular feedback and access to BNP Paribas’ global learning network.
ARE YOU OUR FUTURE PASSIVE CURRENCY OVERLAY ASSISTANT?
Professional experience and/or degree
- Bac +4/5 student from an Engineering school, University or Business school (preferably with a Market Finance specialization)
Behavioural skills
- Rigorous, organized, and detail-oriented
- Proactive mindset with strong problem-solving skills
- Excellent communication and teamwork abilities
- Ability and agility to work under pressure
- Curious, adaptable, and motivated to learn in a fast-paced environment
Technical skills
- Solid understanding of FX markets and instruments
- Strong proficiency in Excel (PivotTables, complex formulas) and VBA
- Ability to analyse and interpret financial data
Transversal skills
- Analytical and critical thinking
- Ability to manage multiple priorities with accuracy and reliability
- Strong appetite for continuous improvement and innovation
Language skills
- Fluent in French & English (written & spoken)
- Any additional language is a plus
