BNP Paribas is a
leading European bank with an international reach. It has a presence in 72
countries, with more than 202,000 Employees – including more than 154,000 in
Europe and over 5,000 in Portugal alone.
BNP Paribas is present
in Portugal since 1985, having been one of the first foreign banks to operate
in the country. Today, BNP Paribas has several entities operating directly in
this territory, offering a wide range of integrated financial solutions to
support its clients and their businesses.
Worldwide, 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.
RISK Global Markets –
provides full transparency and dynamic analysis of the market, counterparty,
valuation and liquidity risks managed by CIB Global Markets to BNP Paribas top
management. Based on the Group’s risk appetite statement, RISK GM contributes
to the definition of GM’s target risk profile, its risk decision-making process
and the optimisation of capital allocation to support its development. It will
monitor the actual risk profile of GM versus this target one, and assess how it
may be impacted by new activities and upcoming evolutions.
RISK GM proactively identify, analyse and review market and counterparty risk
exposures on an ongoing basis; contribute to define or approve a risk
measurement framework, in particular official market and counterparty risk
measurement methodologies used to compute Value-at-Risk (VaR), counterparty
exposures, regulatory capital, as well as to define limits and control
exposure; assist and advise all levels of Management on risk-taking decisions;
contribute to the valuation process and the valuation risk monitoring; define a
consistent collateral framework across the covered perimeter.
We cover products in
Equities, Commodities, Interest Rate, Foreign Exchange, Emerging Markets and
Credit trading desks while also covering the dimensions of financing and
counterparty risk hedging desks (i.e. XVA).
We are looking to
recruit individuals who are technically competent to embrace the depth of
products encountered in the capital markets today from a technical market risk
analysis perspective, who champion diversity with open mind-set, who are
receptive to change and comfortable to fit into a fast pace working
environment, who are motivated to learn and who are sufficiently self-driven to
achieve their goals.
WHAT THIS INTERNSHIP REPRESENTS FOR YOU
A truly diversified role where you can interact and
learn about the challenges faced by the Market, Counterparty and Financing
A chance to expend your network within BNP Paribas
Europe and worldwide RISK GM experts from APAC to Americas.
The opportunity to develop a detailed understanding of
the Bank’s products and activities (Capital Markets, Financing activities, etc.),
both from a conceptual and from a practical viewpoint.
The opportunity to concretely apply academic
principles related to option theory or data analysis & science.
Automate and industrialise the various tools used by
the market risk and counterparty risk analysts while keeping consistency in
With support from the relevant RISK GM analysts,
propose enhancements of the limit framework nomenclature to drive further
Take ownership of the third phase of the development
of a Fair Value Reserve dashboard coded in Python.
Participate to the second phase of the
industrialisation of the sensitivity limit calibration into a Light IT
As first successes are delivered, participate to other
projects on Fair Value Reserve calibration automation.
Support and take ownership of the monitoring of some
of trading book metrics for Europe notably:
Basel 2.5 metrics as Var, sVar and IRC and their daily
Sensitivities contributing to the Prudent Valuation
Adjustment and to the Reserve Framework.
Main sensitivities Controlled and Monitored by Market
French Banking Law and Volcker rule metrics
FRTB metrics as Standard Approach, NMRF and P&L
Generally, all P&L Explain related metrics.
updates to the Head of RISK GM Lisbon and to the project sponsors on project
Master Degree in Engineering, Financial Engineering,
Finance, Maths, Sciences, Economics, Econometrics (or related areas)
Proficient written & oral communication
Maths skills obtained through relevant studies (engineering
mathematics level or higher – calculus, Taylor’s theorem – is essential)
Knowledge of financial markets
Motivation to proactively work as part of a team
Curious and highly motivated to learn
Problem solving and ability to offer different perspectives
An interest in developing practical solutions to a
data analysis problems by being proficient with R or Python;
Some familiarity with financial products would be a
definite advantage (bond pricing, definition of Greeks (Delta/Vega/Gamma),
concepts of option pricing) and will be preferred;
Exposure to banking regulation issues is a plus.
Please note that only
applications submitted in English will be considered.
In case you are
selected for this role, further documentation will be requested to support your
BNP Paribas is an
equal opportunity employer and proud to provide equal employment opportunity to
all job seekers. We are actively committed to ensuring that no individual is
discriminated against on the grounds of age, disability, gender reassignment,
marriage or civil partnership status, pregnancy and maternity, race, religion
or belief, sex or sexual orientation. Equity and diversity are at the core of our
recruitment policy because we believe that they foster creativity and
efficiency which in turn increase performance and productivity. We strive to
reflect the society we live in, while keeping with the image of our clients.