Glasgow - Summer Internship 2024 - Securities Services Middle Office

Student Placement Opportunities Summer 2024 – Middle Office

BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

Placement Opportunities

BNP Paribas are pleased to offer a number of Middle Office placements within the Securities Services division, working in the Glasgow offices. These placements will be for a period of 12 weeks from Monday 3th June until Friday 23th August. The paid placements will provide the opportunity to experience the work environment of a leading financial services organisation.

There are placements available in the following departments:

• Trade Management & Treasury: 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: This 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.
  
  
• Derivatives: This department is responsible for the trade capture, matching, settlement and reporting of all trading activity across a number of Derivative products (ETD/CFD/OTC). 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.

Key Responsibilities of role

As an intern, you will be given responsibility from day one adding real value to live projects and will be encouraged to expand your professional network across the bank.

Client Service Delivery and Controls

• To ensure a high-quality client service is delivered to all clients, including mailbox management.
• Ensure the service level provided by the team adheres to the Client Service Delivery agreements including strong understanding of department KPIs and where the team have a direct impact of NAV/SOD
• Ensure adherence to core standard operating models.

Risk Management

• Adhere to the effective and robust governance structure in place for the team.
• Ensure compliance and adherence to the department procedures and control framework.

Continuous Improvement & New Business

• Generate ideas for improvements to systems and processes in support of client requirements and BNP Paribas Corporate and Institutional Banking objectives.
• Innovate & challenge status quo within the governance and framework of our change program.
• Provide administrative support to help improve the productivity of the department. 

Preferred Experience

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

Person Specification:

We 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)

The closing date for applications is close of business on Friday 19th April 2024.