The Securities Services business of BNP Paribas is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
We are currently looking for a:
Intern - Middle Office Operator Assistant (H/F)
6 months placement starting mid-June 2026 until mid-December 2026
CONTEXT & ENVIRONEMENT
Your internship will be within the Managed FX and Overlay Solutions (MFOS) department.
MFOS (Managed Forex & Overlay Solutions) is the BNP PARIBAS Securities Services business line Trading desk that offers clients foreign‑exchange products (spot, forward, and FX swaps) as well as a Passive Currency Overlay service (neutralizing currency risk on the hedged portions of funds).
These activities generate market risk, credit risk, and operational risk. The Middle Office team’s mission is to monitor those risks through a series of controls carried out throughout the trading day.
Specifically, what is your mission and your daily routine?
As a Middle Office Intern you will sit at the heart of the trading floor, acting as the essential control bridge that connects the worldwide Front‑Office desks (Paris, Luxembourg, New York, Sydney) with the Back‑Office. In this role you’ll support the team by carrying out a variety of control‑focused tasks and ensuring smooth, risk‑aware operations across the whole trading ecosystem, for example:
• Reconcile inventories – compare the positions recorded in the front‑office system with those in the accounting system.
• Monitor FX positions – keep an eye on currency exposures and flag any deviations from the expected limits.
• Document transaction changes – provide clear justifications for any trades that are altered after initial entry.
• Investigate anomalies – when irregularities appear, you will assist in the investigation, analysis, and implementation of corrective measures.
• Produce regular reports – help prepare daily/weekly reporting on the desk’s activity (number of transactions, volumes, performance indicators, etc.).
YOUR MISSION:
Beyond routine tasks, you will have the opportunity to take part in short‑term projects such as:
• Designing and testing new control procedures.
• Building or enhancing reporting templates and dashboards.
• Reviewing and streamlining existing processes to improve efficiency and accuracy.
Missions are important, and so are the team and the work environment!
Your work environment
Based in the Ekinox building on the 5th floor, you will join a small team of three people with whom you will work closely.
This team is part of a larger group of about twenty colleagues (the MFOS team).
You will be required to cooperate with many stakeholders both inside and outside the trading floor, including: Back‑office teams, IT department, Cash Investigation unit ,Paris middle‑office, Trading desks in New York and Sydney, etc.
What does the role bring you?
· The FX Trading Lifecycle – Gain a comprehensive understanding of every step from trade execution to settlement and see how each piece fits into the broader market picture.
· Reconciliation Mastery – Learn to design, run, and troubleshoot daily reconciliation processes, ensuring data integrity across front‑, middle‑, and back‑office systems.
· Risk‑Management Fundamentals – Get hands‑on exposure to market, credit, and operational risk controls, and see how they are applied in real‑time to protect the firm’s positions.
· Mentorship from Senior Professionals – Work side‑by‑side with experienced middle office staff who will guide you through complex scenarios, share best practices.
· Analytical & Problem‑Solving Skills – Develop the ability to dissect complex trade‑related issues, identify root causes, and propose effective solutions that add value to the trading desk.
· Project‑Management Techniques – Lead or contribute to improvement projects, learning how to scope work, manage timelines, coordinate stakeholders, and deliver results that enhance operational efficiency.
These experiences will equip you with the technical knowhow and the soft skills that are highly prized across the finance industry.
We are looking for a proactive, detail‑oriented student who is eager to learn about FX trading operations and who can contribute to maintaining the integrity of our risk‑control framework.
ARE YOU OUR NEXT MIDDLE OFFICER ASSISTANT ?
Professional background & education
- Bachelor’s/Master’s level (Bac +4/5) – currently studying or having graduated from an Engineering school, university or business school (preferably with a specialization in Market Finance).
Behavioural competencies
· Rigorous,
· Dynamic,
· Proactive candidate with good interpersonal skills
· Demonstrate critical thinking
· Report writing: Strong drafting skills for internal and external documents
Technical competencies
· Market‑Finance knowledge: solid understanding of financial markets; experience in Forex is a plus
· Office tools: Proficient with Word, PowerPoint and Excel
· Programming / databases: Knowledge of VBA and Access (or similar) is a plus
· Data analysis: Ability to extract, clean, and analyse data sets
· Familiarity with Business Objects or similar BI tools is a plus
Languages
Fluency in French (working & communication language) and English (required for written communications, meetings, and external events). Additional languages are a bonus.
In a changing world, diversity, equity and inclusion are key values for the well-being and performance of teams. At BNP Paribas, we want to welcome and retain all talents without distinction: this is how, together, we will build the innovative, responsible and sustainable finance of tomorrow.
You will need to have an internship agreement for the whole period of the internship
