London – Long Term Internship 2017 – Valuation & Risk Control

WHO WE ARE

The BNP Paribas Group is a leader in banking and financial services, employing over 200,000 people across 80 countries and 5 continents. BNP Paribas Corporate & Investment Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. BNP Paribas CIB, with nearly 20,000 employees in over 50 countries, can offer you an exciting and truly global career.

At BNP Paribas CIB, we work continuously on behalf of our clients, helping them to realise 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 work in our multi-award-winning Asian 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.

THE ROLE

Fixed Income Valuation and Risk Control (FI V&RC) is a global function whose main missions are to validate the books and records for vanilla positions, to monitor local trading limits and to administer and control trader mandates across Fixed Income. We are looking to hire an intern to join the team in London. The position will focus on Fixed Income price testing however it will also involve activities.

KEY RESPONSIBILITIES

-          Running a number of different price testing reviews (MAPs) across Fixed Income.

-          Take ownership to maintain and improve some IT processes within V&RC.

-          Work within a limited time frame as part of a team and product accurate month end corrections. This might require discussion and timely conclusions with the Front Office and Risk-GM related to the quality and accuracy of the MAP reviews.

-          Produce accurate reports highlighting coverage and results of MAPS

-          Documenting methodologies for MAP reviews proposed by Risk-IM whilst at the same time constructively challenging the present policy and looking for improvements.

-          Helping with submission to MarkIT for interest rates products. Identifying where additional submissions would benefit the MAP reviews against the costs. Refine methods to reduce rejection rates while analysing results to produce valuable KPI’s for a wide range of interested parties across the bank.

-          Various projects to automate and/or improve our systems with the assistance of IT.

-          Build and maintain relationships with other Product Control teams, Front Office, Middle Office, Finance and Risk-GM based on trust, respect and professionalism.

-          Contribute to other initiatives within the V&RC function, both within the region and in other locations.

-          Sharing skills and ideas across the group along with providing occasional internal training for junior staff.

-          Willingness to get involved in Risk Control with both daily tasks and Projects.

Skills and Experience

-          A genuine interest in Finance, derivatives and their pricing

-          Very strong IT skills are necessary with Excel, VBA & Access. Others are an advantage

-          Technically strong in areas of finance. Knowledge of financial mathematics would be an advantage.

-          The ability to find workaround solutions in the time available.

Competencies

-          Ability to interact confidently at all levels

-          Strong written and verbal communication skills.

-          Attention to detail is essential especially when under pressure and time constraints.

-          The ability to see the large picture and the impact your work has on the business.

-          To be able to work as part of a team across V&RC both locally and globally.

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

LOCATION: LONDON

SALARY COMPETITIVE

CLOSING DATE 19TH NOVEMBER