Bank Overview
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 83 countries, with nearly 183,000 employees globally, including around 145,000 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.
BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments, and supranational organisations.
Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all the world’s currencies.
Business Area/Dept Overview
Global Macro offers full spectrum of products across FX, Rates and Commodities in both developed and emerging markets. From millisecond electronic trading supported by the most advanced AI platforms, through to analogue risk transfer and bespoke solutions to Macro problems.
The DM FX business offers Algorithmic execution capabilities, Electronic and Voice spot trading to the global Institutional and Corporate client base.
The FX spot Auto-Hedging business offers electronic and voice spot trading to the client franchise.
Purpose and Scope of Role
Purpose:
As a graduate in the FX Spot Auto-Hedging team, the role holder will be accountable for ensuring excellence in all trading activities that they undertake or directly oversee in their area of expertise and ensuring that these activities align with the Bank and its clients’ objectives and strategic goals.
Scope:
• Global scope.
Core Accountabilities of Role
• Accountable for providing support in relation to all trading activities related to electronic FX spot market making carried out by the team, and managing tasks such as:
o Accurately pricing transactions within remit, properly assessing relevant market liquidity, hedging
costs, risk management slippage, funding, and balance sheet factors.
o Booking transactions within global trading book, and monitoring / conducting follow-ups with
booked transactions with Middle Office and Back Office.
o Monitoring the aggregate Risk and P&L of the team’s book and assessing the risks of global book.
o Identifying client and / or market opportunities and turning these into revenue for the Bank, in a
manner that aligns with the overall desk’s strategy.
o Developing the franchise by collaborating with sales and other business lines at the Banks
• Take personal responsibility for dealing with client queries related to areas within remit.
• Operate under supervision from senior member, exercising sound judgement on when to seek guidance from senior colleagues for particularly complex transactions or issues.
• Report to any senior members any blocking points, difficulties or issues.
• Responsible for keeping up to date with existing and new rules and regulatory changes by Exchanges, Regulators and Compliance.
Knowledge, Skills and Experience
• Strong quantitative background evidenced by a Master’s degree in a STEM discipline.
• Professional qualification required with expert technical knowledge and a strong level of experience in financial quantitative matters, typically gained at BNP Paribas or within another top tier investment bank as an intern.
• A strong ability to articulate complex concepts in a concise and effective manner, as well as to effectively set expectations and manage conflicting interests to achieve objectives where required.
• Demonstrable ability to recognise business opportunities for the team, generating innovative and creative ideas to drive the Bank’s objectives.
• Commercial acumen, by maintaining market awareness independently.
• Strong computer literacy and demonstrable experience in various specialist systems. (e.g. Reuters, Bloomberg and in-house risk/pricing tools).
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.
Start Month/Year: March or August 2025
Salary: Competitive
Location: London
PLEASE NOTE
- You may only apply for up to 1 Graduate Programme (or 1 Summer Internship Programme) per recruitment year.
- Successful candidates for this role must be based in London from the start of their programme.
- Candidates are encouraged to submit their application as soon as possible to avoid disappointment.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas Global Markets and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas Global Markets for the relevant recruitment round.