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.
The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
As one of the world’s pre-eminent banking groups – and the first ever French bank to set down roots in the UK in 1867 – the breadth and depth of our presence across the country means BNP Paribas is able provide UK companies and investors access to a full global suite of products and solutions in Europe and worldwide.
This, combined with our long-term commitment to the UK, is what truly distinguishes BNP Paribas from other international banks operating in the country.
Business Area/Dept Overview:
BNP Paribas Securities Services is pleased to offer a Summer Internship in the Middle Office department. Middle Office Department exists to provide administration activities which support our clients start of day position and/or NAV Delivery. The Middle Office Department comprises of a number of teams who support this activity:
Trade Management & Treasury: This department provides our clients with middle office trade management services to capture, match, settle and report all trading activity across a number of securities and cash products, on their behalf. 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. Regular email and telephone communication is required not only with internal departments but also with external third parties, actively working with brokers and custodians to ensure settlement.
Corporate Actions: This department is responsible for the full life cycle of all UK and Overseas mandatory and voluntary Corporate Actions. The teams capture, scrub and validate custodian notifications, track client decisions, process client instructions, update the Entitlement into the Accounting system and reconcile the events. The teams are also responsible for processing class actions and proxy voting.
Purpose & Scope of role
This internship will be for a period of between 9 and 12 weeks from Monday 24th June, based in our Glasgow office. The internship will provide the opportunity to experience the work environment of a leading financial services organisation.
As an intern, you will be given responsibility from day one adding real value to live projects and will be encouraged to expand your professional network across the bank.
Key Responsibilities of role:
Client Service Delivery and Controls
To ensure a high-quality client service is delivered to all clients, including mailbox management.
Ensure the service level provided by the team adheres to the Client Service Delivery agreements including strong understanding of department KPIs and where the team have a direct impact of NAV/SOD
Ensure adherence to core standard operating models.
Risk Management
Adhere to the effective and robust governance structure in place for the team.
Ensure compliance and adherence to the department procedures and control framework.
Continuous Improvement & New Business
Generate ideas for improvements to systems and processes in support of client requirements and BNP Paribas Corporate and Institutional Banking objectives.
Innovate & challenge status quo within the governance and framework of our change program.
Provide administrative support to help improve the productivity of the department.
Experience, Qualifications & Competencies:
We are 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)
To be considered you must be penultimate year student of a 3-year or 4 year course, preferably of an Accounting or Finance degree.
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
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