London - Long Internship 2026 - Prime Services Quantitative Research

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, committing to sustainability and having a positive impact, and being dedicated to the development of our people.

Business Area

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 (retail-banking networks and financial services 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.

Job Purpose

The role is to assist senior team members in the day-to-day business activities and contribute to a variety of tasks allowing a general introduction to the business.

Key Responsibilities

• Creating and implementing the mathematical models and strategies used for pricing and market making.
• Predictive and statistical data modelling.
• Support directly Trading, Sales and Structuring on a day-to-day basis by helping analyse specific trades/risks and applying the optimal pricing model.
• Assessing the suitability of the models used by reviewing their assumptions, derivation, implementation and limitations.
• Responsible for best practices for PnL Explain and Predict globally.
• Involvement in key transversal regulatory topics such as FRTB or MIFID II.
• Interaction with risk teams for market risk capital models such as VaR, Stressed VaR, IRC, CRM or IMM.

Requirements

• A minimum of a Masters or PhD in a quantitative subject such as Computer Science, Mathematics, Physics, Quantitative Finance or Engineering.
• Excellent programming skills (C++, Python, Java, R or other equivalent).
• Data manipulation and database experience.
• Interest in financial markets, economics and quantitative finance.
• Experience of Prime Services, models and arbitrage strategies is not a prerequisite but a strong plus.

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.
• Embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

Internship Details

Please note:

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

Location

London

Duration

12 months

Why 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 health & wellbeing strategies, including:

• Generous holiday allowance of at least 26 days (plus bank holidays) with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension moved to sustainable investments, life assurance, income protection and personal accident insurance.
• Extensive wellbeing and mental health offerings, including private medical schemes in the UK, dental cover, wellbeing app, CBT support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP services, Employee Assistance Programme, menopause & fertility support, neurodiversity assessment and support.
• Onsite services and facilities in London (physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations, free onsite fitness centre).
• Additional benefits such as emergency back-up care for dependants, green car leasing, season ticket loan, and more.

2. Positive impact

As Europe’s largest bank, we are committed to a positive impact, including Net Zero financing and investment portfolios by 2050 and 80% of energy production financing to be low carbon by 2030. We also support volunteering, with four volunteering days per year and hundreds of hours contributed.

3. People development

We support our people to develop skills for today and tomorrow through comprehensive training, talent programs, mentoring, career days, and in-house tools. Nearly half of UK CIB positions were filled internally in 2023. Our culture promotes diversity, inclusion, and equal opportunity, with networks such as Pride, Ability, MixCity, Women in Global Markets, Women in Global Banking, Women in IT, DEI in Technology, Early Careers Network, Multicultural Network, and Parents & Carers Network. BNP Paribas is committed to equal opportunities and adjusting the recruitment process for individuals with disabilities or health conditions.

Equal Opportunities

BNP Paribas is committed to a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender identity, pregnancy, race, religion, sex, or any other legally protected status. If you require adjustments or support, please let us know early in the process.