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.
Our employer promise is built around three pillars:
- Being a great place to work.
- Committed to sustainability and having a positive impact.
- Being dedicated to the development of our people.
Business Area
- The mission of RISK Market & Financial Institutions (“RISK MFI”) is to provide the Senior Management of the Group, of the RISK Function, of Global Markets (“GM”) and of 2S with full transparency and dynamic analysis and monitoring of market, counterparty, valuation and liquidity risks originated and managed by CIB and of credit risks on Financial Institutions in order to assist them in their risk decision making and monitoring.
- The main mission of the RISK MFI – Management Information (“MI”) is to provide General Management, Metiers and RISK Function with a global independent view and analysis of key risks, related to market, liquidity, equity, credit and counterparty risks, supporting optimal decision-making and to contribute to group-wide internal and external disclosure. As such, the team maintains an associated governance framework including Metiers, RISK MFI, RISK ALMT and RISK IPS, comprising recurring committees from Financial Market Risks Committee (“FMRC”) to Main Positions meetings. MI’s scope includes the internal model and standard approach capital production for market, counterparty and settlement risk, as well as the steering and animation of the framework for capital markets stress testing for internal and regulatory purposes.
Job Purpose
The MI MSI Credit Counterparty Risk team are responsible for the identification, measurement and analysis of main credit counterparty risks across asset classes, and the continuing evolution of the MI framework to deliver this. This includes Counterparty Risk Main Positions MI and Meetings, Counterparty Risk sections of the Financial Markets Risk Committee (FMRC), and various contributions to Board-level Risk Committee (CCIRC), MI and regulatory reports for supervisors and other audiences as required.
Key Responsibilities
- Risk analysis and report compilation to support the MI Credit Counterparty Risk team in an accurate and timely manner, performing tasks as delegated, and going beyond core task requirements where opportunities are identified to add further value.
- Contribute to production of Credit and Counterparty elements of the monthly FMRC documentation, including key highlights or focus papers in order to meet management needs, identifying key risks for advance discussion, and performing assigned sections with guidance / roadmaps if needed.
- Contribute to delivery of CCR Main Positions MI and meetings. Attendance and presentation for meetings, commenting exposures, and identifying key / emerging risks or concentrations, encouraging valuable discussion, including secretarial responsibilities.
- Contribute to regulatory demands, such as ad-hoc or periodic regulatory demands (e.g. Datagaps I-I or NFA) and related data quality tasks.
- Contribute to production of other relevant / on demand reports to the Board and to Group, Businesses and RISK Management, as well as requests from ratings agencies, regulators and auditors with guidance if needed.
- Identify important metrics or topics, which would be of interest to senior management, contributing to the analysis on specific points of attention.
- Improve existing processes in order to optimize efficiency through automation, improve transparency, enhance functionality and ensure optimal quality of reporting.
- Adhere to procedures, performing and enhancing controls, data quality processes.
Requirements
Essential
- BSc. with a numerical focus (e.g. scientific, mathematical or financial discipline).
- Skills – Technical: Microsoft Office (Expert); Counterparty Risk Knowledge (Beginner).
- Skills – Behavioural: Communication skills – oral & written (Proficient); Ability to deliver / results driven (Proficient); Ability to collaborate / teamwork (Proficient); Ability to synthesise, simplify (Intermediate).
- Skills – Management: Ability to manage / facilitate a meeting or committee (Intermediate).
Preferred
- Qualifications / Certifications: Masters level education in a technical/scientific field (e.g. Maths, Physics, Engineering, Finance).
- Skills – Technical: Python (Beginner); Market Risk Knowledge (Intermediate)
- Skills – Behavioural: Creativity and Innovation / Problem Solving (Intermediate); Ability to develop and adapt a process (Intermediate); Ability to develop and leverage networks (Intermediate)
- Skills – Management: Ability to Inspire Others / Generate Commitment (Beginner), Personal Impact / Ability to Influence (Beginner).
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.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
PLEASE NOTE
- You may only apply to f
our 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.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas for the relevant recruitment round.
Location: London
Duration: 11 months
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
- Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
- Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
- Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
- Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
- Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
- Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
- Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
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 which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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