Convertible Bond Trading Intern - Long Term Internship (Jun 2024)

About BNP Paribas

BNP Paribas is a leading international bank with a strong presence in banking and financial services worldwide. The company offers a wide range of banking and investment solutions to individual, corporate, and institutional clients.

Your role

About global markets:

• Global Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including institutions, corporates, private banks, and retail distribution networks.

Global Markets encompasses five global business lines;

• G10 Rates,
• Equity Derivatives (“EQD”)
• FXLM & Commodity Derivatives
• Prime Solutions & Financing
• Primary & Credit Markets

As part of the Equity Derivatives (“EQD”) unit, the Convertible Bond team works closely with the CB sales and trading teams (in Paris and London) to execute transactions and provide prices to clients (Directional, Hedge Fund, and Credit investors).

What you’ll do:

• As part of the convertible bond trading team, the successful applicant will be involved in the following as a trader assistant:
  • Help the trading desk by being in relation with BO and MO, help with data studies and IT development.
  • Support the trading team in their day-to-day work (pricing of CBs, Options, and credit products;
  • .Preparation of internal reports, memos, and data analysis,
  • .Monitor risks and transactions.

Training & development

All the internship supervisors at BNP Paribas are well-equipped to provide interns with maximum support in every aspect of their internship. Part of their working day is dedicated to supervising and advising you on working methods, time management, learning technical skills, or developing your soft skills. You can be sure that you will be accompanied every step of the way. So during your 11-month long-term internship, the company wants you to feel comfortable from the moment you arrive!

Benefits

BNP Paribas offers competitive salaries and benefits and a working environment where you’re valued as part of the team. 

• Competitive salary
• Early responsibilities with a chance to engage in meaningful and impactful work
• For the guarantee of a healthy work-life balance
• For access to student-specific benefits (cultural, sport, travel, etc) – depending on your location

Career progression

BNP Paribas's long internships offer you the chance to develop in-depth knowledge of the banking sector and some of the teams. ​You will be offered tailored support from an assigned supervisor for the duration of the placement, who will help you to develop both technical and soft skills. Many successful placements can also lead to full-time opportunities, such as graduate programs. 

Work-life balance

Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Depending on the job you do, you may be able to work remotely for a proportion of your working week. It’s a great way of reconciling your personal and professional lives! 

Culture & vibe

BNP Paribas sees value in diversity, equal opportunity, and the quality of the lives together. The firm fosters an open, inclusive, and collaborative environment, where all are made to feel welcome from day one. The company has a friendly staff that believes in supporting each other and working together on specific tasks and projects to achieve success.

About you

Qualifications/Competencies required for the role:

• Excellent academic record from a top university or equivalent with a strong preference for a degree in a quantitative subject.
• Strong interest in and a good understanding of the financial markets.
• Fluent in English.
• Good communicator.
• Excellent quantitative and analytical.
• Good project management skills.
• Previous experience in Equity Derivatives is a plus but not necessary.

 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

Sources

The following sources were used in researching this page:

• https://www.youtube.com/@labanquedunmondequichange
• https://group.bnpparibas/en/careers/candidate-student/intership
• careers.cib.bnpparibas/internships-and-apprenticeships/