WHO WE ARE
BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
As one of the world’s pre-eminent banking groups – and the first ever French bank to set down roots in the UK in 1867 – the breadth and depth of our presence across the country means BNP Paribas is able provide UK companies and investors access to a full global suite of products and solutions in Europe and worldwide. This, combined with our long-term commitment to the UK, is what truly distinguishes BNP Paribas from other international banks operating in the country.
Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates, and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge, they need to navigate change in a fast-changing world.
BUSINESS AREA/DEPT OVERVIEW
Client Development
The Client Development team comprises of Sales, Relationship Management and Client Services and has the responsibility for managing our relationships with clients and prospects that are based in the UK. These relationships are often complex and may involve services provided from multiple locations across BNP Paribas. Our clients also represent many different market segments including banks, brokers, asset managers, hedge funds, private capital firms, sovereign wealth funds, insurance companies and pension funds, among others.
The Sales and Relationship Management team has two principle objectives which are (i) to protect and retain the existing client revenue streams, and (ii) to grow these revenue streams through the cross selling of new products. The Client Services team oversees service delivery with an overall responsibility to ensure an optimised client experience for each client and to ensure a high level of client satisfaction.
Market & Financing Services (MFS)
MFS provide a range of solutions to support our clients including securities Lending with both Agency Lending and Principal Lending desks. This is a fantastic opportunity to work with busy trading teams and learn about a wide variety of products and services, including securities Lending programmes, financing, collateral management, and corporate actions. The trainee will experience a dynamic and stimulating trading environment yet one with small teams able to coach, nurture and develop talent. They will have exposure to a broad range of clients and counterparts from different countries, cultures, and backgrounds. The trainee will learn system skills ranging from industry standard platforms to more flexible bank-owned systems.
Financial Intermediaries and Corporates Client Line (FI&C)
FI&C is a product focused department of Securities Services that is responsible for the successful development and maintenance of a number of products and solutions that are integral to the services we bring to the diverse types of clients we support. The team is also responsible for monitoring the profitability of these products and proposing actions to improve this as part of our service evolution.
In addition to this, FI&C is focused on the overall range of services we bring to our bank, broker, wealth manager and corporate client base. This means that they also look at the profitability of these relationships as a whole and what actions could be taken to further develop our capability for these parts of the market.
PURPOSE & SCOPE OF ROLE
Our Securities Services Summer Internship provides a unique opportunity to spend 8 exciting weeks at the Bank in one or two Securities Services areas: Client Development, Market & Financing Services and Financial Intermediaries and Corporate Client Line (FI&C)
KEY RESPONSIBILITIES OF ROLE
Client Development
- Providing support in terms of preparing for client service reviews
- Preparation for client meetings
- Assisting with analysis to understand client strategy.
- Reporting for sales campaigns
Market & Financing Services (MFS)
- Training across trading desks: Agency Lending and Principal Lending
- Assisting with returns and recall processes for Agency Lending and Principal Lending
- Checking risk lines for trading teams
- Assist with new client on-boarding and existing clients know-your-customer (KYC) documentation.
- Produce statistics on Agency and Principal Lending
- Assisting with corporate action events and fiscal documentation
- Training with the Corporate Action team
Financial Intermediaries and Corporates Client Line (FI&C)
- Exposure to a wide range of projects
- Taking meeting minutes and following action points
- Preparing presentations and data analysis
- Assisting the Head of FI&C with daily tasks
EXPERIENCE, QUALIFICATIONS & COMPETENCIES
Essential
- Candidates are required to be in their penultimate or final year of study
- Excellent spoken and written English are crucial
- Excellent analytical and communication skills
- Proficient with MS Office tools
- Strong mathematical, analytical & quantitative skills
- Strong organisational and time management skills
- Strong interpersonal skills and a sense of professionalism
- Proactive and enthusiastic self-starter
- An eager inquiring mind
- Ability to solve problems and willingness to learn
- Strong attention to detail
LOCATION: London
SALARY: Competitive
CLOSING DATE: 9th December 2024 (please submit your application ASAP to avoid disappointment)
PLEASE NOTE
- You may only apply for one Summer Internship per academic year
- Successful candidates for this Summer Internship programme will be considered for Securities Services ONLY
- Successful candidates for this Summer Internship programme will be considered for London ONLY
