London – Long Term Internship 2025 – Credit Repo Financing Trading

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 is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.

BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions. The Front Office Internship is part of either the Global Banking or Global Markets business lines.

Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutionals, corporates, private banks and retail distribution networks.

FICC offers a range of products across FX, Rates, Credit and Commodities in both developed and emerging markets. From millisecond electronic trading supported by the most advanced AI platforms, through to analogue risk transfer and bespoke solutions to Macro problems.

Global credit financing franchise addresses the funding of the full credit collateral spectrum on a secured basis. Offering flexible and comprehensive financing solutions to support client's trading and hedging needs.

JOB PURPOSE

As an Intern in the Repo and Financing (R&F) team, the role holder will be accountable for providing support to more senior team members on routine tasks related to the trading activity carried out in the team. Their work will be focussed on developing their understanding of the trading activity and working under direct supervision from more experienced colleagues. Activities are process oriented, with time spent on routine tasks (e.g. process automation, due diligence, document processing, reconciliation of data).

KEY RESPONSIBILITIES

Participate in Technical and Business Skills Training;
Complete specific assignments;
Accountable as an entry level internal within the Credit Repo and Financing team responsible for providing support to senior team members on day to day activities, including:
Helping to automate repetitive tasks,
Cashflows on Loan TRS and financing transactions both on the asset and funding legs, and flows in and out of SPVs using for refinancing activity,
Conduct follow-ups with Middle Office and Back office on transactions booked by the trading team,
Utilises knowledge in the team to understand and apply best practices to all activities, and helps to identify potential process improvements to ensure the efficiency and effectiveness of the support provided both personally and the team;
Continue professional development and improving knowledge on relevant products, regulations and tools to enable greater autonomy in the delivery of allocated tasks through on-the-job learning as well as through attendance at relevant training events;
Accurately and succinctly delivers information to team members to support their work, and builds internal working relationships with other traders and teams (including sales, structuring, middle office and back office teams) to ensure effective collaboration and franchise development.

REQUIREMENTS

Degree from a leading university with an excellent academic record; or equivalent work experience;
Good understanding of financial markets;
Curious and eager to learn;
Confident verbal, written communication and networking skills;
Proficient with MS Office tools, including Excel;
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;
Excellent spoken and written English. Additional languages are an advantage;
Programming skills (C++, Python, Java, R or other equivalent) will be needed.

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.

Location: London

Duration: 6-9 months