Paris - Long Term Internship - Global Markets - Trading Risk Strategy

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 20,000 employees in over 50 countries, we can offer you an exciting start to your career.

Global Markets is BNP Paribas’ capital markets business, delivering investment solutions across a wide range of asset classes and industry-leading services.

As world leader in derivatives, BNP Paribas Global Markets offers clients tailored products, state-of-the-art trading, processing systems, research and strategic advising from its teams of experts, while also maintaining a sustainable economic model.

Your role

The Trading Risk and Strategy (TRS) team is a team created at the end of 2008, in order to increase the front office views and knowledge of the large risks of the desks, and to optimize the risk management strategies. Its scope covers the whole activity of Equity Derivatives (EQD) and the team co-reports to the global heads of trading and of the strategy.

The core mission of TRS is the analysis of the large trading risks of EQD: if the local risks of portfolios have been more and more studied, their global risks are complex scenarios at the centre of the activity’s balance. Both dimensions are in the focus of the team, with a special emphasis in trying to mastering the extreme risk situations. Understanding the transformation of the positions and their convexities, as well as the market liquidity issues are among the main issues the team has to tackle with.

The activity of the team consists in this analysis but also in the conception of the tools that allow measuring and hedging the critical scenarios. To illustrate the panel of activities of the team, it spanned for the last months from the redaction of an article on the impact of stochastic volatility on cancellable exotic products, to the definition and implementation of the software that allows controlling the extreme risks of the desk. TRS mainly works in cooperation with trading desks and EQD Research, at the cross of the different teams.

As part of our team, during your internship, your will contribute to :

• Analyze risk and expected returns of trading strategies implemented on Equity Derivatives desks
• Design and develop custom analytical tools to assist you in these analyses
• Consolidate risks at an aggregated level (from various geographies and various business units)..
• using different approaches (Stress-test / Greek / VaR)

Profile

• This internship is for a student from an Engineering School or a University
• Perfect fluency in English and French
• Strong technical skills in Mathematics and Finance (and good knowledge of most important financial parameters)
• Capacity to understand and use common modelization techniques used in Financial markets
• Comfortable with basic programmation languages (mostly VBA)
• Capacity to communicate and convince on the basis of technical analysis
• Autonomy and initiative in day-to-day analysis

Please note that the offer is to be filled in October 2017, if you are not available for this specific date, please apply to the generic offer: Paris - Long term internship - Global Markets - Trading.