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BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

As one of the world’s pre-eminent banking groups – and the first ever French bank to set down roots in the UK in 1867 – the breadth and depth of our presence across the country means BNP Paribas is able provide UK companies and investors access to a full global suite of products and solutions in Europe and worldwide. This, combined with our long-term commitment to the UK, is what truly distinguishes BNP Paribas from other international banks operating in the country.

Business area/dept overview

Corporate clients group

Corporate Clients Group internship placements can include Corporate Coverage, UK Advisory and Industry Groups.

Corporate Coverage is the area within the bank that manages all of the interactions between the Bank and its corporate clients and is the gateway of BNP Paribas’ integrated offer. Advisory department offers advisory services for mergers and acquisitions, with expertise in public M&A, defence, valuation, buyside, sellside and private equity M&A. Industry Groups are responsible for the event-driven situations for the entire BNP Paribas product spectrum with a focus on specific sectors of the economy.

Capital markets

Capital Markets consists of Debt Markets, Equity Capital Markets, Real Estate Finance, Energy, Resources & Infrastructure and Corporate Broking.

Debt Markets provides debt financing for corporate clients as well as for sponsor-led leveraged transactions. This includes acquisition finance (including leveraged buy-outs), loan refinancing, as well as investment grade and high yield debt capital markets. Equity Capital Markets offers equity or equity-linked capital raising activity for corporate clients. Corporate Broking is closely aligned with Equity Capital Markets and acts as BNP Paribas UK listed clients’ prime equity adviser and interface with markets and investors. Real Estate Finance provides financing of commercial real estate transactions through loans to real estate clients (insurance companies, real estate investment trusts, properties companies, pension funds, asset managers). Energy, Resources and Infrastructure provides specialized lending and debt advisory to specific industry sectors: power, energy, metals, mining and infrastructure.

Purpose & scope of role

Our Global Banking Summer Internship programme provides a unique opportunity to spend 9 exciting weeks at the Bank, in one of the two key Global Banking Areas: Capital Markets or Corporate Clients Group.

Your first week will consist of comprehensive and interactive training, with the following 8 weeks spent in one of these business areas. As an intern, you will be given responsibility from day one adding real value to live projects for real clients and will be encouraged to expand your professional network across the bank.

Key responsibilities of role

Corporate clients group

  • Exposure to a wide range of clients and projects
  • Exposure to the full range of our business areas and product offering
  • Developing a knowledge of legal documentation and analysing its strength and appropriateness
  • Undertaking frequent individual analysis on these clients and submitting these reports to our sanctioning bodies
  • Assisting in the origination and execution of transactions
  • Assisting in conducting industry research and analysis
  • Preparing pitch books, presentations and memorandums
  • Financial analysis and valuation by developing quantitative models
  • Develop understanding across corporate finance /treasury concepts, client needs and how Bank / Client solutions are created, across all product lines
  • Provide input into credit papers and work with the Credit Analysis team to ensure the delivery of papers, in a timely manner
  • Attend Credit Committees

Capital markets

  • Exposure to wide range of asset types, products and clients
  • Preparing pitch books, presentations and memorandums
  • Assisting in the origination and execution of transactions of equity, term loan, high yield and mandates
  • Conducting financial and credit analysis by developing quantitative models
  • Preparing market updates for clients and building monitoring tools
  • Undertaking legal, technical and other due diligence on assets
  • Preparing credit committee memorandums and presenting findings to committee
  • Assisting in the review of legal documentation and drafting of termsheets
  • Preparing syndication presentations, managing data flow and fielding investor queries
  • Engaging with other teams of the Bank

Experience, qualifications & competencies

Essential

  • Candidates are required to be in their penultimate year of study
  • Excellent spoken and written English are crucial
  • Excellent academic background, on track for a minimum 2:1 or equivalent in Bachelor’s degree
  • Demonstrable interest in banking and economic affairs
  • Excellent analytical and communication skills
  • Proficient with MS Office tools
  • Strong mathematical, analytical & quantitative skills
  • Strong organisational and time management skills
  • Strong interpersonal skills and a sense of professionalism
  • Motivated and driven to learn more about Global Banking
  • Proactive and enthusiastic self-starter
  • An eager inquiring mind
  • Ability to solve problems and willingness to learn
  • Strong attention to detail

Please note

  • You may only apply for one Summer Internship per academic year (Global Banking, Global Markets or Technology)
  • Successful candidates for this Summer Internship programme will be considered for Global Banking ONLY
  • Successful candidates for this Summer Internship programme will be considered for London ONLY