Securities Services Fund Accounting Summer Internship Programme (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

Business Area/Dept Overview:

Open Ended Fund Accounting: This department is comprised of several different functions responsible for Daily Net Asset Value (NAV) Production, taxation, and Statutory and Financial Statements reporting services for a range of fund types including UK Open Ended Investment Companies, Property authorized investment fund, Unit Trusts, UK administered Luxembourg SICAVs and life & pension funds.

Key Responsibilities of Role:

For an agreed population of open-ended funds, produce deliverables including, but not limited to:

• To meet client KPIs and service delivery commitments through:
  • Daily Net Asset Value (NAV) calculations
  • Distribution calculations
  • Monthly trustee/control packs
  • Management service charge calculations
  • Performance fee calculations
  • Portfolio turnover calculations
  • Yield calculations
  • Total expense ratios
  • ONS Returns
• Timely completion of internal team management information.
• Assist in managing responses to clients, auditors, trustees, custodians, and other departments within BNP Paribas Securities Services for those funds assigned responsibility.
• Adhere to procedures and controls in performing allocated tasks.
• Assist in documenting procedures and controls for new and existing processes.
• Timely escalation of any issues to Senior Fund Accountant and Assistant Manager.
• Ensure corrective and preventative action is taken, and evidence retained, where deadlines/quality standards are at risk.

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 whether you are doing a summer internship or a 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

Through outstanding training and dedicated support over the program, the Summer Internship provides you with every opportunity to prove yourself, getting you involved in live projects with real responsibility from the start. At the end of the course, and as a penultimate-year student, you’ll have gained enough knowledge and experience to decide if it’s a world you’d like to explore further. BNP Paribas will invite those who perform well to join the renowned graduate program, so this is your time to shine.

Work-life balance

BNP Paribas has built success on a system of values that fosters mutual respect and puts the team before the individual. The company believes in supporting colleagues’ family and personal lives by helping them strike an equitable balance between their personal and professional goals.

Culture & vibe

BNP Paribas 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

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

BNP Paribas is 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) 

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:

• youtube.com
• group.bnpparibas/en/careers/candidate-student/intership
• careers.bnpparibas.co.uk/internships
• careers.cib.bnpparibas/internships-and-apprenticeships/