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
RISK is a fully independent function whose mission is to advise the bank’s top management on risk appetite, to provide fast and reliable information about the risk profile, to offer high quality risk measurement and quantification and risk management expertise to the group’s stakeholders as well as to foster risk anticipation.
RISK UK ("RISK UK") is responsible for the UK regional risk functions for 6 different streams. The range and focus is varied across, Risk Global Markets, Risk systems and 4 other teams. All supporting the UK Chief Risk Officer (CRO) as the Senior Manager.
The RISK Department is a multi-cultural and dynamic environment, which aims to foster individual initiatives and innovation.
During the programme, you may work across many departments in Risk.
Job purpose
The role is designed to support the intern in developing skills and experience in Risk activities.
Key responsibilities
Depending on the team the responsibilities may include:
• Preparations for management committees and Townhalls and follow up of actions and initiatives.
• Participating in the organisation of internal communications and events such as RISK talks, other risk culture events, breakfasts with new joiners/talents and senior management, volunteering and team social events.
• Assist in the process of fostering innovation within the department. You will also help to define the local RISK UK innovative strategy in cooperation with the Innovation champion network. You may also have opportunity to work on various innovative projects.
• Assist in the organisation and management of the RISK UK Talent Programme (training and coaching programme) in partnership with local HR. there may also be opportunity to join the Charity engagement committee and the RISK UK Social committee.
• Continuously improve our processes.
• Analyse project data, and work with project managers to improve projects data quality.
• Gain experience in quantitative finance modelling and derivative pricing models, including for quantification of market and counterparty risk.
• Have exposure to different asset classes: interest rates, inflation, foreign exchange, equity, commodities, credit and repos.
• Develop skills in the design and implementation of quantitative models using various programming languages such as C# and Python.
• Support the review of operational incidents.
• Support the conduct of operational audits and "control testing".
• Support the facilitating the governance of operational risks and internal control, including the various business transformation projects.
• Proactively identify, analyse and review market and counterparty risk exposures.
• Actively contribute to the definition of official market and counterparty risk policies.
• Acquire a solid understanding of a wide range of complex transactions across all types of asset classes (Credit, Interest rate, FX, Repo, Equity, Commodity).
• Contribute to the valuation process and the valuation risk monitoring.
• Gain awareness and participate in the Bank’s transversal strategic projects.
Requirements
• Bachelor’s degree with a minimum 2:1 or equivalent.
• Curious and eager to learn.
• Confident verbal, written communication and networking skills.
• Proficient with MS Office tools, including Excel (any additional software proficiency/coding is an advantage).
• Great organisational, multitasking and time management skills.
• Strong analysis and judgement.
• Meticulous accuracy with a keen eye for detail.
• Team player, proactive, independent, enthusiastic self-starter with strong interpersonal skills.
• Demonstrate risk awareness.
• Excellent spoken and written English. Additional languages are an advantage.
• Previous internship or work experience an advantage.
• Strong mathematical, analytical & quantitative skills are advantageous.
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-Hybrid
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.
Location: London
Duration: 11 months
