London - Long Term Internship 2025 - Convertible Bonds Trading Intern

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

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities, and commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments, and supranational organisations.

Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies.

Global Equities encompasses Equity Derivatives, Prime Services and Cash Equities. BNP Paribas’ Equity Derivatives unit is an industry leading provider of expert derivative-based solutions, innovative products, and market liquidity to a diverse range of clients across the institutional, private banks, and distribution and corporate sectors. Combined with the market leading Prime Services and Cash Equities platforms, clients have access to a full-scale equities offering.

The Convertibles Bonds trading desk is a leading market maker providing liquidity in European and Asian secondary convertible bond markets. The desk also plays a key role is supporting the banks primary issuance capabilities.

Job Purpose 

The role is to assist senior team members in the day-to-day business activities and contribute to a variety of tasks allowing a general introduction to the business.

Key Responsibilities

As part of the Convertible Bond Trading team, the successful applicant will be involved in the following as a trader assistant:

•    Support the trading team in their day-to-day work (pricing of CBs, Options, and credit products),

•    Support the sales team based in London, Paris, and Hong-Kong,

•    Help the trading desk by being in relation with the Back Office and Middle Office functions,

•    Interact with the other EQD Flow trading desks to help on transversal projects and reports,

•    Assist the team in managing multiple projects and ensure their proper progress,

•    Prepare internal reports, memos, and data analysis,

•    Monitor risks and transactions,

•    Code in Python and VBA to automate processes,

•    Interact with IT teams to develop new trading tools.

Requirements

•    Excellent academic record from a leading university, with a strong preference for a degree in a quantitative subject,

•    Ideally having prior banking experience, especially in Equity Derivatives,

•    Strong interest and excellent understanding of the financial markets,

•    Excellent quantitative and analytical skills,

•    Proficient with MS Office Tools, particularly Excel,

•    Good programming skills in Python and VBA,

•    Good project management, time management, and multitasking skills,

•    Meticulous accuracy with a keen eye for detail,

•    Fluent in English, with confident verbal, written, and networking skills,

•    Speaking French would be a plus,

•    Be a role model, supporting and fostering a culture of good conduct,

•    Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.

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).

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.

#LI-Onsite 

PLEASE NOTE

•    You may only apply to four 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.