London - Long Internship 2026 - Equities Market Risk

Role Summary

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 of RISK MFI, Global Equities, and Global Markets.

About the Business

BNP Paribas is a leading international bank with operations in 73 countries and over 196,000 employees. The Corporate and Institutional Banking division is a globally recognized leader, offering solutions across capital markets, securities services, financing, treasury, and advisory.

This position is situated within the RISK Markets and Financial Institutions (MFI) – Analysis & Decisions – Global Equities Market Risk team, covering market risk generated by the Global Equities business line within Global Markets (GM).

Key Responsibilities

The team focuses on three main areas:

• Business Line Leadership: Serving as the center of expertise and point of contact for the business line, providing a holistic view of risks and activities, escalating issues appropriately, and understanding how processes from other RISK MFI teams apply to the business line.
• Risk Anticipation and Detection: Anticipating, detecting, monitoring, analyzing, and providing opinions on all market and issuer risks. This includes early identification and in-depth review of hidden risks and potential threats, concluding with clear recommendations for risk mitigation actions, and escalating to RISK and business management.
• Risk Control Framework: Designing and continuously improving the market risk control framework, which includes risk analysis tools, limits, and stress testing. This involves maintaining a holistic view of valuation and capital metrics and escalating concerns in these areas.

Specific Duties Include:

• Serving as the point of contact for Global Markets (GM) on Global Equities market risk topics.
• Articulating main risks and providing risk opinions to management.
• Reviewing and providing opinions on information and views supplied by GM.
• Understanding the valuation, capital, funding, and liquidity impact of the business line.
• Providing expert support to other RISK teams and understanding business-line valuation and capital risk frameworks.
• Performing market risk analysis for structured and complex transactions.
• Chairing meetings for Global Equities Main Positions, providing independent risk analysis and challenging the business view.
• Performing in-depth, ad-hoc analysis, formulating opinions, and escalating market risk topics affecting the business line.
• Analyzing risk using available tools, driving tool improvement, and ensuring adequate understanding of high-risk areas.
• Setting and overseeing the timely review of market risk limits aligned with the framework.
• Reviewing and approving the market risk related to exceptional transactions and amendments to trading mandates.
• Defining risk measurement methods such as stress tests, regulatory measures, and VaR methodologies.

Requirements and Qualifications

Essential:

• Degree from a leading university with an excellent academic record, or equivalent professional experience.
• Good foundational understanding of financial markets.
• Strong verbal, written communication, and networking skills, with excellent proficiency in English. Additional languages are an advantage.
• Proficiency with MS Office tools, including Excel.
• Strong organizational, multitasking, and time management skills.
• Team player, proactive, independent, enthusiastic self-starter with strong interpersonal skills.
• Good knowledge of financial derivatives fundamentals (trading and risk management).
• Proficiency with the Python programming language.

Desirable:

• Familiarity with equity products and equity market dynamics.

Conduct and Professional Standards

Candidates are expected to be role models, supporting a culture of good conduct. This requires demonstrating proactivity, transparency, and accountability in identifying and managing conduct risks, while considering the impact of actions on colleagues. All employees must embody the Group values, including alignment with the Bank’s strategy, commitment, work ethic, integrity, and Code of Conduct.

Internship Details

Location: London

Duration: 11 months

Note: Candidates may apply to four Long Term Internships over the course of a year. Successful candidates for this long-term internship will be considered for London only.

Why Join Us

Company Purpose & Values

Our company is dedicated to contributing to a responsible and sustainable economy by financing and advising clients ethically. Our employer promise is built on three pillars: being a great place to work, committing to sustainability and making a positive impact, and dedicating ourselves to people development.

What We Offer

• Work Environment: We aim for optimal work/life balance, offering hybrid and flexible working options, alongside award-winning benefits.
• Wellbeing & Support: Comprehensive mental health offerings, including advanced private medical schemes, CBT support, and onsite wellness services (physiotherapy, nutrition).
• Financial Security: Valuable financial plans, including a 12% non-contributory pension and various insurance coverage.
• Sustainability & Impact: As one of Europe's largest banks, we are committed to Net Zero in all financing by 2050, and we encourage social impact through four paid volunteering days annually.
• People Development: We invest heavily in internal growth, offering comprehensive training, mentoring, and robust career development programs, with a high rate of internal role progression.

BNP Paribas is committed to providing an inclusive environment, adhering to Equal Opportunity principles without regard to any legally protected status. If you require any adjustments or additional support during the recruitment process due to a disability or health condition, please inform us as early as possible.