London – Long Term Internship 2026 – Automated Market Making (AMM)

Company Purpose

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards. Our employer promise is built around three pillars: being a great place to work; committed to sustainability and having a positive impact; being dedicated to the development of our people.

Business Area

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rates, credit, currency, equities and 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 hundreds of corporations, institutional investors, banks, governments, and supranational organizations. AMM work ranges from building electronic market-making strategies, algorithm design, execution strategies to provide liquidity internally and externally on a large range of products, and subsequently hedging risk inherited from internal and exchange flows.

Job Purpose

AMM provides liquidity on regulated exchanges, MTFs and directly to BNP Paribas Institutional and Hedge-Fund clients. AMM researchers continuously create and optimize strategies, automations and algorithms to improve liquidity provision across a wide spectrum of underlying assets, asset classes and markets. The intern will focus on different quantitative research subjects of statistical arbitrage. Using fundamental and price dynamic data, they will apply various statistical and machine learning methods to create insights from data and generate meaningful signals for stock movement by analysing aspects from denoising datasets to feature extraction.

Key Responsibilities

• Understand the process of portfolio optimization in a dynamic environment and predict stock returns in different horizons with effective applications of machine learning methods.
• Participate in the design and development of core research projects such as unsupervised classification of market participant behavior, sentiment analysis in chats, and improvement of market making in low or high frequency contexts.
• Research new quantitative strategies and back-test them.
• Bring new strategies to production environments.
• Improve current strategies or signals.
• Follow the latest quantitative techniques (research papers, corporate intelligence, etc.).

Requirements

• Strong education in Statistics, Mathematics or Computer Science: understanding how machine learning techniques work inside the black box, not just how to use them.
• Strong knowledge of machine learning techniques (classification, regression, natural language processing via standard statistical models or neural networks).
• Good programming skills, preferably Python.
• Delivery-driven mindset.
• Strong interpersonal skills and a proactive approach to problem solving.
• Ability to work under pressure and multi-task.
• Strong organisational skills and a team-player mindset.

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. All colleagues are expected to embody and practice the group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

Important Notes

You may apply to four Long Term Internships over the course of a year, across any business area. Successful candidates for this long-term internship will be considered for London only. Please discuss available start dates with your interviewers. Unsuccessful candidates’ CVs may be shared with other BNP Paribas teams for potentially suitable roles to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other BNP Paribas hiring teams for the relevant recruitment round.

Location

London

Duration

6 months

A bit more about why you should join us

1. We’re a great place to work:

   We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile). We offer award-winning flexible benefits and a health & wellbeing strategy, including generous holiday allowance, pension, life assurance, income protection, and personal accident insurance. We provide extensive wellbeing and mental health offerings, private medical schemes, dental cover, CBT support, subsidised gym memberships, health assessments including genetic testing, private GP services, Employee Assistance Programme, menopause & fertility support, neurodiversity assessment and support, and more. Onsite services in London include physiotherapy, nutrition, massage therapy, mental health first aiders, seasonal flu vaccinations and a free onsite fitness centre. Additional benefits include emergency back-up care for dependants, green car leasing, season ticket loan, and more.

2. Positive impact:

   As the eurozone’s largest bank, we are committed to a positive impact in the world. We are committed to Net Zero in all financing and investment portfolios by 2050 and, by 2030, to 80% of energy production financing being low carbon. We also empower our people with volunteering opportunities; everyone gets four volunteering days each year, and in 2023 we achieved over 18,000 hours of volunteering across the UK, reaching over 4,500 young people.

3. We believe in our people:

   We support our people to develop skills to adapt to the evolving world of work through comprehensive training, talent programmes, mentoring, career days, and in-house career tools. Nearly half of UK CIB positions were filled internally in 2023. Our collaborative and inclusive culture is reinforced by diverse networks and programs promoting diversity and inclusion, including Pride, Ability, MixCity, Women in Global Markets, Women in Global Banking, Women in IT, Diversity, Equity & Inclusion in Technology, Early Careers Network, Multicultural Network, and Parents & Carers Network. BNP Paribas is committed to equal opportunities and providing a work environment free of discrimination. We provide adjustments for candidates who may benefit from them during recruitment.