London – Long Term Internship 2018 - Global Markets - Asset Finance & Securitisation Portfolio Servicing
London – Long Term Internship 2018
Global Markets - Asset Finance & Securitisation Portfolio Servicing
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.
DEPARTMENT OVERVIEW
Part of the Primary and Credit Markets global business line, Asset Finance and Securitisation (AFS) is an international activity working as a business unit. The activity is focused on the arrangement, distribution and management of securitisation programmes on behalf of clients’: corporates and financial institutions.
Securitisation is a structured finance technique aiming at financing clients at better conditions by transferring assets to a SPV (special purpose vehicle) and use them as collateral to get refinanced by financial markets.
Within AFS, Portfolio Servicing team is an expertise centres on all securitisation products and assist structuring teams in the setup of new transactions by providing regulatory, accounting and booking analysis. The team is responsible for the on-going management of the portfolio and warehousing facilities (CLO, RMBS and auto loans). AFS PS is also responsible for various transversal projects such as IT systems sponsoring, monitoring of regulatory development, etc.
The successful candidate will assist senior members of the team in the transactions management and will work on automating reports and processes.
KEY RESPONSIBILITIES
- Transactions monitoring and reporting
- Processes and reports automation
- Supporting structuring teams on transversal topics
TRANSACTIONS MANAGEMENT
- Initial setup and closing
- Monitoring of facilities usage and reporting
- Contribution to credit review
- Booking clients financing
- Funding monitoring
REPORTING
- Set data requirements
- Liaise with IT to ensure contribution in internal systems
- Analyse portfolio data
- Produce weekly and quarterly reports
- Develop and run daily transaction dashboard
COORDINATION
- Work closely with Middle Office for facilities booking
- Liaise with Finance regarding accounting classification and consolidation
- Support structuring team on transversal topics
CANDIDATE PROFILE
- Strong interest for Capital Markets and Securitisation products
- Excellent Excel skills
- VBA skills
- Self-motivated, ability to work in an autonomous manner
- Attention to details
- Ability to meet tight deadlines and work under pressure
- Experience in Banking is a plus
- Knowledge of Basel 3 and securitisation concepts useful, but not essential
- Language skills: English (fluency required)
- Minimum 6 months availability (1 year preferably)
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 31ST MARCH
This programme is closed to applications.