Glasgow - Summer Internship 2020 - Securities Services

Who Are We

BNP Paribas Securities Services is a multi-asset servicing specialist with local expertise in 35 markets around the world and a global reach covering 90+ markets. This extensive network enables us to provide our institutional investor clients with the connectivity and local knowledge they need to navigate change in a fast-moving world.

As of 30 September 2019, BNP Paribas Securities Services had USD 11.491 trillion in assets under custody, USD 2.759 trillion in assets under administration and 10,491 funds administered.

Opportunities Available

BNP Paribas Securities Services is pleased to offer a number of placements in Summer 2020. There are placements available in the following departments:

• Open Ended Fund Accounting x 3 (Glasgow)
• Trade Management & Cashflows x 2 (Glasgow)
• Corporate Actions x 1 (Glasgow)
• Income x 1 (Glasgow)

Business Areas:

Open Ended Fund Accounting: This department is comprised of a number of different functions responsible for Daily Net Asset Value (NAV) Production, taxation, and Statutory and Financial Statements reporting services for a range of fund types including UK Open Ended Investment Companies, a Property authorised investment fund, Unit Trusts, UK administered Luxembourg SICAVs and life & pension funds.

Trade Management: This department provides our clients with middle office trade management services to capture, match, settle and report all trading activity across a number of securities and cash products, on their behalf.   The key responsibilities of this role include ensuring that all trades are captured correctly for accounting and client reporting purposes whilst also ensuring timely settlement in the market.  Regular email and telephone communication is required not only with internal departments but also with external third parties, actively working with brokers and custodians to ensure settlement.

Corporate Actions: The Corporate Actions Department is responsible for the full life cycle of all UK and Overseas mandatory and voluntary Corporate Actions. The teams capture, scrub and validate custodian notifications, track client decisions, process client instructions, update the Entitlement into the Accounting system and reconcile the events. The teams are also responsible for processing class actions and proxy voting.

Income: The Income department provides our clients with an Income service spanning from event capture, claims management, instruction handling and entitlement allocation.

These placements will be for a period of up to 12 weeks from Monday 1st June until Friday 21st August. The paid placements will provide the opportunity to experience the work environment of a leading financial services organisation.

Preferred Experience:

It is preferred that applicants are undergraduates in their 3rd or 4th year of an Accounting or Finance and other numerate disciplines.

BNP Paribas are looking for candidates who can demonstrate the following skills/qualities:

• Computer literacy
• High level of numeracy
• Customer focus
• Team working skills
• Excellent communication skills
• Ability to work to deadlines
• Flexibility/adaptability
• Accuracy
• Basic understanding of accountancy and investment operations (preferred but not essential)  

Opening Date: 24/02/20

Closing Date: 27/03/20

Location: Glasgow

Salary: Competitive