BNP Paribas Asset Management (BNPP AM) is the asset management division of BNP Paribas Group. As of July 1, 2025, AXA Investment Managers’ (AXA IM) activities have been fully integrated into BNPP AM, creating a unified and strengthened global platform. 

BNPP AM is a leading global asset manager, leveraging the Group’s scale, stability, and expertise. We serve a diverse client base, including institutional investors, corporations, distribution partners, and retail clients worldwide. Our investment capabilities cover a broad range of asset classes, from traditional strategies like equities, fixed income, and multi-assets to alternatives such as real estate, infrastructure, private debt, and private equity. This allows us to tailor solutions to meet client objectives. 

With AXA IM’s integration, BNPP AM now ranks among Europe’s top asset managers, managing approximately €1.6 trillion in assets, with a focus on long-term savings and alternative strategies. 

Sustainability is central to our approach. We prioritize ESG and responsible investing to deliver sustainable, long-term performance while supporting environmental, social, and economic transitions. Adopting a pragmatic, long-term perspective, we aim to generate durable value for clients, employees, and the economy, backed by strong risk management and responsible finance principles. 

All figures are sourced from publicly available data as of September 2025 

Your daily responsibilities: 

As an Investment Management associate H/F your role will be to assist with the deployment and management of the AXA IM Natural Capital Fund (currently $500m) and any side vehicle supporting the Natural Capital strategy of AXA IM Alts. 

• Pipeline screening and macro environment monitoring 
  • Carry initial screen and pre-assessment of pipeline deals to help prioritising opportunities  
  • Gather all relevant macro trends underlying project environment, incl. but not limited to: 
    • Carbon pricing trends and projections, including third-party market data providers and privileged internal/investee information,
    • Methodology updates,
    • Public policy announcements (e.g. compliance markets, taxes, supra-national initiatives), 
    • Transactions rumoured, announced or executed,
    • Global competitive environment of the AXA IM Natural Capital Fund (fund launches, transactions, LP commitments or targets)...

• Deal Execution  
  • Carry financial modelling and sensitivity analyses alongside Investment Managers of the Natural Capital team. 
  • Present sections and analyses carried on selected deals to the Investment Committee.
  • Work with existing strategic equity partners to continue feeding project sourcing through existing relationships. 

• Risk and valuations 
  • Coordinate investment team’s input for periodic valuations and reporting and liaise with relevant support teams to combine and validate relevant data points and conclusions.
  • Coordinate the monitoring and reporting on the financial performance and risk profile of existing portfolio investments, interfacing with internal Risk teams and other support functions. 

• External & Internal Stakeholder Management
  • Interface with third party service providers where necessary relating to due diligence and deal execution, with the support of Investment Managers.
  • Gather relevant data (business plans, financial reports, ESG and impact monitoring) supporting performance assessment on both financial and non-financial KPIs. 
  • Liaise with all internal stakeholders including management, risk, compliance, legal, operations, audit and build effective working relationships and processes to ensure efficient execution.

Working at BNP means : 

• An annual fixed salary paid over 12 months, adjusted according to your profile and experience. 
• Additionally, there will be an individual annual variable compensation, linked to the achievement of individual and collective objectives, and based on the company's results and profitability and pro-rated according to your workload and attendance. 
• Company and group agreements, employee savings and retirement plans, profit-sharing and participation, access to the company restaurant and/or meal vouchers, health and provident coverage, social and cultural activities via the social and economic committee, etc. 
• Flexibility with a hybrid work schedule: up to 2,5 days of remote working to be defined with your manager. 
• Join a committed Group and be part of our major transformation project toward building a more sustainable world. Discover our commitments to our clients and society. Engage alongside us during your professional time through our OneMillionHoursToHelp program. 

Are you our next Investment Management Associate – Natural Capital H/F ?

• Minimum 5 years’ experience in financial services and relevant University degree.
• Experience in financial modelling and assessment of investment/portfolio opportunities across an array of private market assets.
• Experience at building and/or improving sophisticated financial models and valuation techniques.  
• Strong interest and will to develop knowledge in the Natural Capital and Impact Investing sector. 
• Entrepreneurial attitude, highly motivated individual with potential for building autonomy and the ability to bring new ideas to the investment and monitoring process.
• Ability to work well alongside team members in a fast-paced team environment, including with colleagues and counterparties based in different regional offices.
• Previous diverse international exposure across a variety of counterparties is preferable.
• Strong interpersonal and communication skills supporting robust written and oral presentations.
• Highly numerical and analytical.

What are the next steps ? 

Only applications from employees with permanent contracts (CDI) within the BNP Paribas Group are accepted for this job opening.

If your CV is shortlisted by our recruitment team, you will be invited to participate in one to three interviews at most with HR (Staffing Business Partner) and/or an operational manager.

Diversity, equity, and inclusion are key values for the well-being and performance of our teams: all positions within the Group are open to everyone!