Company purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work.

• Committed to sustainability and having a positive impact.

• Being dedicated to the development of our people.

Business area

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments, and supranational organizations.

AMM work is ranging from building electronic market making strategies, algo design, execution strategies to provide liquidity internally and externally on large range of products and subsequently hedging risk inherited from internal and exchange flows.

Job purpose 

AMM provides liquidity on regulated exchanges, MTFs and directly to BNP Paribas Institutional and Hedge-Fund clients. AMM researchers are continuously creating and optimising strategies, automatons and algorithms to improve liquidity provision on a wide spectrum of underlying, asset classes and markets.

The intern will focus on different quantitative research subjects of statistical arbitrage. With both fundamental and price dynamic data, they will apply various statistical/Machine Learning methods to create insights from data and generate meaningful signals for stock movement by analysing different aspects from datasets denoising to features extraction.

Key responsibilities

In this internship, the intern will understand the process of portfolio optimization in dynamic environment and predict the stock returns in different horizons with effective applications of Machine Learning methods. The intern will also participate in the design and development of our core research projects such as unsupervised classification of the various market participants behaviour, sentiment analysis in chats or new and improvement of the market making in low or high frequency.

The internship covers different aspects of analysis, research, and development:

• Research on new quantitative strategies and back-test them.
• Bring new strategy to production environment.
• Improve current strategies or signals.
• Follow the latest quantitative techniques (research papers, corporate intelligence…).

Requirements

• A minimum of a Masters or PhD in a quantitative subject such as Computer Science, Mathematics, Physics, Statistics, Quantitative Finance or Engineering and equivalent work experience.
• Strong education in Statistics, Maths or Computer Science: we are not just looking for people who know how to use machine learning techniques, but for people who understand how it works inside the black-box. 
• Strong knowledge of Machine Learning techniques (classification, regression, natural language processing via standard statistical models or neural network).
• Good programming skills, preferably Python.
• Delivery-driven mindset.
• Strong interpersonal skills and proactive approach to problem solving.
• Ability to work under pressure and multi-task.
• Strong organisational skills.
• Team Player.

• You may only apply to four Long Term Internships over the course of a year. These may be across any business area.  

• Successful candidates for this long term internship will be considered for London ONLY. 

• Please discuss the available start dates with your interviewers. 

A bit more about why you should join us

1. We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile).

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.

• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.

• Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.

• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.

* Subject to relevant caps

2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally. 

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.

• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities 

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

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