Glasgow - Summer Internship 2024 - Securities Services Middle Office

Bank Overview

BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

As one of the world’s pre-eminent banking groups – and the first ever French bank to set down roots in the UK in 1867 – the breadth and depth of our presence across the country means BNP Paribas is able provide UK companies and investors access to a full global suite of products and solutions in Europe and worldwide. This, combined with our long-term commitment to the UK, is what truly distinguishes BNP Paribas from other international banks operating in the country.

Business Area/Dept Overview

BNP Paribas Securities Services is pleased to offer a Summer Internship in the Middle Office department. Middle Office Department exists to provide administration activities which support our clients start of day position and/or NAV Delivery. The Middle Office Department comprises of a number of teams who support this activity:

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.

Purpose & Scope of role

This internship will be for a period of between 9 and 12 weeks from Monday 24th June, based in our Glasgow office. The internship will provide the opportunity to experience the work environment of a leading financial services organisation.

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.

Key Responsibilities of role

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.

Experience, Qualifications & Competencies

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)

To be considered you must be penultimate year student of a 3-year or 4 year course, preferably of an Accounting or Finance degree or other numerate discipline.

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

Start Date: 24th June

Duration : 9-12 weeks