London - 2022 Long Term Internship - Convertible Bond Trading Intern

Who We Are

BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. We are part of the BNP Paribas Group, a financial institution with solid foundations and a proven ability to adapt to change. If you are thinking about a career in investment banking, there is no better place to begin your journey than with BNP Paribas CIB. With nearly 30,000 employees in over 55 countries, we can offer you an exciting start to your career.

At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realize their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now works in our multi-award-winning Asia Pacific offices and we are a committed player in all markets.

Strong risk management, combined with the stability that comes from being part of one of the largest banking groups in the world, underpin our success. Joining us, you’ll become an integral part of a dynamic team that spans nationalities, cultures and backgrounds, drawing together people from around the globe and reflecting our commitment to international placements.

About Global Markets

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.

Global Markets encompasses five global business lines;

• G10 Rates,
• Equity Derivatives (“EQD”),
• FXLM & Commodity Derivatives,
• Prime Solutions & Financing, and
• Primary & Credit Markets,

helping their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk.

Global Markets is made up of over 3,700 staff globally based in EMEA, the Americas and Asia Pacific, with the main trading floors located in London, Hong Kong, New York, Paris, Singapore and Tokyo.  

As part of the Equity Derivatives (“EQD”) unit, the Convertible Bond team works closely with the CB sales and trading teams (in Paris and London) to execute transactions and provides prices to clients (Directional, Hedge Fund and Credit investors).

What you’ll do

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

Help the trading desk by being in relation with BO and MO, help for data studies and IT development.

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

.Preparation of internal reports, memos and data analysis,

.Monitor risks and transactions.

Competencies required for the role

Excellent academic record from top university or equivalent with a strong preference for a degree in a quantitative subject.

• Strong interest in and good understanding of the financial markets.
• Fluent in English.
• Good communicator.
• Excellent quantitative and analytical.
• Good project management skills.

Previous experience in Equity Derivatives is a plus but not necessary.

 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

Start Date: September 2022

Length of Internship: 11 months