Paris - Long term internship - Corporate Banking - Transaction Banking 2.0
Major Objective and Purpose :
BNP Paribas is a global financial institution present in over 75 countries worldwide, with 185,000+ employees and €39bn revenues (2014). The group offers a large variety of financial and other services. The BNPP group is set out around 2 major poles: Retail Banking & Services (which covers activities such as retail banking in domestic and international markets, insurance, leasing, wealth management, real estate) and Corporate and Institutional Banking - CIB (which covers activities such as corporate banking, global markets and securities services).
With ca. 20,000 employees in 45 countries globally, CIB serves ca. 15,000 clients and offers financing, advisory and capital markets services to corporates of a certain size as well as to other financial institutions.
Transaction Banking (flow banking) is one of the key areas of CIB, and largely considered as the “entry point” into the Group for corporates. This area of CIB includes 4 main business lines: cash management, trade finance, supply chain management (inventory financing) and corporate deposit line. These business lines aim to assist clients in optimising their working capital needs. Transaction Banking teams mainly interface with companies’ treasurers and/or treasury departments.
Like most areas of financial services, flow banking is experiencing a set of challenges (pressure from increased regulation, rapidly evolving clients and client needs, increased competition from Fintechs active in the corporate banking universe etc.) which call for improvement in the teams’ awareness of and adaptability to this changing environment. This includes developing new mindsets and new skills (including – and not limited to – creative problem-solving ability, focus on client empathy and client experience to design and deliver client-value focused initiatives, ability to develop social connectedness and inclusiveness in the workplace, ability to build and utilize informal networks, etc.).
Transaction Banking 2.0 is in charge of preparing for the Transaction Banking EMEA of tomorrow. In this context, TB 2.0 works with both Transaction Banking EMEA management and teams (TB’s 4 business lines are spread in 15+ geographies in the EMEA region, ca. 250 persons). TB 2.0 offers an outsider’s view on current business practices, current processes, as well as on technological developments which can impact Transaction Banking services (big data, digitalization, blockchain etc.), to allow for reconsideration of current work models and for their evolution. TB 2.0 works with management and teams on their adaptability to rapidly evolving external and internal environments and offers tools, methods and events to focus on creating value for clients and for BNPP. TB 2.0 is a connector (between teams, with other business lines and functions within BNPP and with the outside world insofar as it relates to flow banking, to new offers of financial services or a new way of working), a driver of initiatives, a catalyst of change.
MISSION: the mission consists in taking an active part in the development and implementation of TB 2.0 initiatives. TB 2.0 initiatives include (among others) workshops (local), technology and/or business-driven events (across business lines and geographies), aiming at developing “new ways of working”, through improved communication and collaboration among teams, development of cross-business and cross-geography interactions and creation of informal networks between teams.
ROLES & RESPONSIBILITIES
fintech watch and research: primary responsibility for (i) scouting fintech active in flow banking environment in Europe, which can be of interest to TB teams, and initiating dialogue with them (obtaining information on activities and ambitions, generate interview founders/organise call or meeting etc.) and (ii) researching
(1) topics of relevance or interest for TB 2.0: incl. academic litterature on change management, creative leadership, communication etc., contacting experts, generating ideas
(2) participate in maintaining Club 2.0 (a network of TB 2.0. ambassadors coming from the 4 TB business lines, located in 10 geographies), ie organise regular calls, circulate information, select and prepare themes for discussion, generate presentations by club members on topics of interest (eg. fintech watch, technology solutions etc.)
(3) TB 2.0 workshops and presentations: (i) support TB 2.0 co-heads in designing, organising and executing workshops and events (both internal and external) in the context of their mission (ii) prepare presentations with clear messages
REPORTING & EVALUATION CRITERIA
The candidate will work in close coordination with and report to the co-heads of Transaction Banking 2.0 (both Paris-based).
The candidate will be evaluated on several factors, including organisational skills, autonomy, ability for teamwork, curiosity for themes related to evolution in business/change management/evolution in work practices and mindset (incl. the ability to listen and ask questions), and creativity/resourcefulness.
Competencies, Experiences and Skills
Education: engineering or business-school, Master 2 (computer sciences; network sciences or other scientific specialty), or education focused on entrepreneurship/innovation/new technologies (eg. Ecole 42, Villa Bonne Nouvelle) – Education is viewed as a proxy for the candidate’s curiosity, appetite for knowledge, drive and achievement
Experience: a first experience in financial services and/or in a large organization and/or a strong client facing focus (B-to-B) will be considered a plus
Skills: good knowledge of PPT and Excel. Other “skills” include appetite for the position, mindfulness of others, drive for tangible results, ability to communicate effectively, ability to work in (informal) teams effectively, curiousity, open-mindedness, energy, autonomy
Travel requirements: occasional
Language: English speaker (fluent) French (a plus but not essential)
Other
Contract: 6 to 9 month internship (stage)
Full time/part-time : full time
Availability: immediate
This programme is closed to applications.