Work Placement / Internship

Long Term Internship 2021 – Funds Credit Risk Analyst

London. Multiple vacancies. Open to all STEM.

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Who we are

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.

Early experiences at BNP Paribas

An overview of all you can expect across Early Careers at BNP Paribas.

Department Overview

Risk Institutional & BP2S is a domain of the Risk function in charge of covering all Institutional credit risk profile and related credit approval processes. In this domain the Credit Team is responsible for completing the credit analysis for financial institutions and BP2S clients (including due diligence when necessary). In particular, the credit team ensure that credit analysis and recommendations are provided in due time for Banks, Sovereign, Brokers, other non-banks financial institutions, pensions funds, funds, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers (Sovereigns & Insurance companies being not covered).  

The credit team performs credit analysis and provide credit recommendations on their respective delegation perimeter to Credit Committees, Transaction Approval Committees when the credit opinion on a specific counterparty is required, other RISK I2S entities, Business Units or functions in response to general enquiries, Portfolio review committees.The credit team is a main partner for the Senior Credit Officers and their “binomes” for the clients covered by the financial institution credit process and is also in permanent interaction with other business lines for uncovered clients. 

Job Summary & Responsibilities

The candidate will be joining the Credit RISK team responsible for managing credit risk with financial institutions (hedge funds, private equity funds, funds of hedge funds, regulated funds, agency).To perform a good review, the credit analysts need to have an in-depth knowledge and understanding of the counterparties, their market, of capital markets in general and the transactions performed by those. A rigorous follow-up of news (internal and external) on clients portfolio, writing analysis, daily recommendation to delegation holders, and active participation in credit committees after having completed in-depth analysis are the daily duties of the credit officers.

The main responsibilities of will be:

  • Analyse creditworthiness of assigned portfolio, which includes writing the credit applications and presenting recommendations to the appropriate credit committee
  • Perform credit review on an annual basis and on an ad-hoc basis where required of all counterparts in the designated portfolio
  • Liaise with various stakeholders (Business, Legal, Client Integration) for the on-boarding of new funds and/or new asset managers. 
  • Conduct due diligence on prospect and existing clients, and ensure accurate understanding of the funds’ investment strategy, risk management procedures, etc.
  • Calibrate credit limits and assign rating to counterparties
  • Control exposure with assigned counterparties and provide recommendations for remediating excesses
  • Write and provide ad-hoc analysis and recommendation on a case by case basis. 
  • Prepare initial credit questionnaire for ISDA/CSA and other legal documents, and negotiation of credit-related terms in the legal docs 
  • Day-to-day transaction approvals (across all types of OTC derivatives), quantifying risk and setting Initial Margin levels for trade requests with hedge funds received from Front Office across the bank. This can include analysis of more exotic/bespoke structured transactions.
  • Work on ad-hoc projects and provide support in the improvement of the internal systems where credit ratings and limits are implemented.  

Our requirements

  • Interest and Knowledge of financial markets and Risk Management
  • A degree in a STEM subject 
  • Capable of participating in large strategic projects and multi-tasking
  • Ability to work autonomously
  • IT Basics: Strong in Excel, Word, Outlook, Powerpoint. OneNote skills are an advantage
  • Fluent in English (knowledge of French an advantage but not a pre-requisite)

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Opportunity Overview

  • Ongoing
  • Multiple vacancies
  • Competitive + benefits
  • All grades
  • Year-long
  • London
    (Show map)

Disciplines accepted...

  • All STEM disciplines

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