Front Office - Passive Currency Overlay Intern (H/F)

BNP Paribas group is one of Europes leading providers of custody services for securities.

The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.

To support its current growth, BNP Paribas is looking for a:

Front Office - Passive Currency Overlay Intern (H/F)

6 months placement starting mid June 2024 until mid December 2024

CONTEXT & ENVIRONEMENT:

Your internship will be within the Market & Financing Services (MFS) department

You will be working alongside the team in charge of the Passive Currency Overlay Management (PCO) or known otherwise as “Share Class & Asset Hedging”. Our activity consists in:

• Production Management on behalf of our existing clients : Market data reception and analysis, hedge calculations and FOREX executions

• Management of the On Boarding process for both new prospects and existing clients, new and additional business

• Constant enhancement and upgrade of the production process through periodic launches of new functionalities

The internship will allow you to develop your technical knowledge and critical thinking in a dynamic and fast paced environment. You’ll begin with an orientation of the Passive Currency Overlay business’s activity. You’ll enjoy unique experiences discovering the fund industry, while learning about our business, positioned at the heart of market finance. You’ll also focus on building communication skills and strengthening core competencies.

YOUR MISSION:

Your missions will be mainly focused around the Passive Currency Overlay daily production process, and in particular:

• Computing currency exposure and appropriate hedging on behalf of investment funds,

• Working in close collaboration with traders for orders execution (forward, swap),

• Participating and gradually become autonomous in the daily production process,

• Analyzing different mechanisms, risks and challenges,

• Engaging in different transversal projects (Ex: FOREX Credit Risk Management, Client Reporting support, Regulatory Management, Client service review follow-up, new product implementation…). Project selection will be done in close cooperation with your manager and will depend on your skills and areas of competence.

YOUR PROFILE:

• Bac +4/5 student from an Engineering school, University or Business school (preferably with a Market Finance specialization)

• Strong interest and knowledge of financial markets (Money Market, FOREX, conformity, portfolio management)

• Fluency in French and English, any other language is a plus

• Rigorous, dynamic and motivated candidate with good interpersonal skills

• Demonstrate critical thinking and have good writing skills

• Good knowledge of Excel, VBA/programming, Bloomberg would be a plus