About BNP Paribas

BNP Paribas is one of Europe’s leading banks with an international presence in 68 countries and more than 193,000 employees. We provide clients with financing, investment, savings and risk management solutions while maintaining the highest ethical standards.

In the UK, our history dates back to 1867. Today, our clients benefit from our global reach, expertise and long-term commitment to building a responsible and sustainable financial future.

Business Area

You could work in one of the following areas within Securities Services:

Middle Office:

Within Middle Office you will have the opportunity to work in Trade Management & Income, Corporate Actions & Income and Derivatives.

Trade Management & Treasury provides clients with middle office trade management services to capture, match, settle and report all trading activity across several securities and cash products, on their behalf.   

Corporate Actions & Income is responsible for the full life cycle of all UK and Overseas Corporate Action and Income events. 

Derivatives is responsible for the trade capture, matching, settlement and reporting of all trading activity across several Derivative products.   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.  

Fund Accounting:

This department has responsibility for a number of different functions inclusive of daily Net Asset Value (NAV) production, periodic oversight controls and production of statutory financial statements.   The Department provides such functions for a range of fund types.

The team works closely with clients, auditors, fund managers, tax advisers, custodians, depositaries, boards of directors and other external service providers to ensure the provision of services is of the highest possible standard, all external deadlines are met, and a robust control framework is adhered to.

Banking and Service Operations (BSO):

Within BSO you will have the opportunity to work in Local Custody and Global Custody departments.

Local Custody provides Clearing, Settlement, Cash, Corporate Actions, Income, Tax services for UK and international clients. These are mainly Institutional Investors (Asset owners, Asset Managers), Financial intermediaries (Broker Dealers, Global custodians), and other BNP Paribas branches.

Global Custody provides the same range of services to Institutional investors and asset managers who open a Global Custody account in the UK to hold assets in over 90 countries.

UK Private Capital:

This department consists of both Fund Accounting and Fund Administration functions, responsible for the periodic production of financial statements and any supporting fund calculations, documentation and transaction processing.  This includes, but is not limited to, the production of drawdowns, distributions, equalisation, Net Asset Value (NAV) packs and capital statements and the processing of trades, invoices and payments.

The team work closely with clients, auditors, fund managers, tax advisers, custodians, depositaries, boards of directors and other external service providers to ensure the provision of services is of the highest possible standard, all external deadlines are met, and a robust control framework is adhered to.

Loan Solutions:

Loan Solutions UK provides debt solution services across a variety of products, focusing primarily on the Collateral Debt Obligation and Loan Fund markets. They provide a premier account administration service for loan portfolios across a number of global clients. 

The Internship

Our nine-week Securities Services internship involves initial training, and then spending time in one of our Securities Services business areas, taking on real responsibility from the start and contributing to live client projects.

This is your opportunity to develop skills and build your network and potentially obtain  a place on one of our graduate programmes.

What You’ll Do

Roles and responsibilities could include:

Middle Office:

• To meet client KPIs and service delivery commitments. 
• Timely completion of internal team management information.
• Assist in managing responses to clients, broker, custodians and other departments. within BNP Paribas Securities Services to help resolve operational Issues.
• 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 Assistant Vice President and Vice President. 
• Ensure corrective and preventative action is taken, and evidence retained, where deadlines / quality standards are at risk.

Fund Accounting:

• Daily NAV exception processing (actual vs expected results).
• Daily NAV oversight reporting. 
• Reconciliation of Accounting positions.
• Production of Board Packs.
• Proof reading of Financial Statements.
• Production of supporting Tax calculations.
• Production of scheduled packs to assist with meetings with external and internal stakeholders. 
• Complete Records of Governance to evidence stakeholder management.
• Assist with the collation of data and information on 3rd party relationships within the department.

Banking and Service Operations (BSO):

• Query management – Ensuring these are answered in an accurate and timely manner.
• Adopting a pro-active approach to issues and events that may have significant impacts for the clients.
• Ensuring daily reconciliation and clearance of cash and stock items.
• Holding/attending meetings/calls /due diligence /service review with clients/internal parties/external parties.
• Engage and deliver on new business opportunities.
• Liaising with clients and internal parties to resolve any issues pertaining to custody activity.
• Ensure key controls are updated and maintained.
• Updating and maintaining procedures and proposes changes / improvements when appropriate.
• Building strong relationships with all parties and work together effectively.
• Actively following up progress and resolution of all Birdies and Preventive Measures.
• Assisting in building KPI / Metrics to monitor the risk and control framework.
• Ensuring the escalation of problems to group head/department management.
• UK Private Capital:
• Preparation of payment/invoices.
• Perform book-keeping of all cash items.
• Exposure to NAV pack preparation.
• Supporting monthly reporting pack preparation for KPI stats.

Loan Solutions:

supporting the continuous improvement project within Loan Solutions as we look to further embed efficiency and scalability on our local processes and in conjunction with our PCCE (Private Credit Centre of Expertise) Partners in Portugal. 

learning the fundamentals of the Loan Solutions UK operating model, assisting with the excellent service we provide to our clients.

What We’re Looking For

To join the Securities Services Summer Internship, you should be in your penultimate year of study (be a penultimate year student of a 3-year or 4-year course) and have:

• Fluency in English with strong written and verbal skills
• predicted 2:1 degree or equivalent
• 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

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

Why Join Us

1. A great place to work

 We offer flexible working options (including hybrid, where applicable) and a collaborative culture that values balance and inclusion.

2. A positive impact

 We are committed to Net Zero in our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon. We also support our communities, with every employee receiving four volunteering days each year.

3. A focus on growth

 We invest in our people through training, mentoring and career development. In 2024, nearly half of our UK Corporate & Institutional Banking roles were filled internally.

You will also join an inclusive culture, supported by networks such as Pride, Ability, MixCity (gender equality), Women in Global Markets, Multicultural Network and more.

Equal Opportunities

We are committed to providing a work environment that promotes diversity, inclusion and equal opportunities for all.

Adjustments

If you have a disability or health condition that may require adjustments during the recruitment process, please let us know early so we can support you.

Additional Information

You may only apply for one Summer Internship per academic year (Global Banking, Global Markets, Technology or Securities Services)

Successful candidates for this Summer Internship programme will be considered for Securities Services ONLY

Successful candidates for this Summer Internship programme will be considered for Glasgow ONLY