London - Long Term Internship 2021 - Financial Institutions Credit Risk Analyst

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Job description

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 (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.

Department Overview

Risk Institutional & BP2S is a domain of the Risk function in charge of covering all Institutional credit risk profile and related credit approval processes. In this domain the Credit Team is responsible for completing the credit analysis for financial institutions and BP2S clients (including due diligence when necessary). In particular, the credit team ensure that credit analysis and recommendations are provided in due time for Banks, Sovereign, Brokers, other non-banks financial institutions, pensions funds, funds, hedge funds, regulated funds, funds of hedge funds, agency arrangements and asset managers (Sovereigns & Insurance companies being not covered). The credit team performs credit analysis and provide credit recommendations on their respective delegation perimeter to Credit Committees, Transaction Approval Committees when the credit opinion on a specific counterparty is required, other RISK I2S entities, Business Units or functions in response to general enquiries, Portfolio review committees. The credit team is a main partner for the Senior Credit Officers and their "binomes" for the clients covered by the financial institution credit process and is also in permanent interaction with other business lines for uncovered clients.

Job Summary & Responsibilities

The Candidate will be exposed and take a very active part in all aspects of an RISK I2S credit officer's job making them work on all different portfolios with all credit officers under the direction of the team-head.

Main benefits of the mission:

• Credit analysis expertise
• Sound credit judgement, ability to prepare clear and concise recommendations
• Transversal role enabling interaction with various teams (Sales, Trading, Legal, Other Risk teams)

The main responsibilities of will be:-To be well up to date on market news and communicated them to the team as appropriate (news, rating agencies, events, etc...)- Support the Credit officer in charge of UK Financial Institutions including Brokers-Dealers and Funds. It comprises Credit analysis of these counterparties whatever their ownership (London ownership or contribution to other hubs in the context of foreign subs in the UK) based on annual reports analysis and rating agencies notes but also, the coordination/exchange with all parties involved in the Credit process: RISK Function expert teams, Legal department and concerned businesses. As part of the credit analysis, the VIE will propose a recommendation to the business request in terms of Credit terms and conditions including legal aspects.- Contribute to adhoc studies and analysis requested by management- Actively contribute to the enhancement of the Credit team performance and processes- Actively monitor all the analysis and ad-hoc requests performed

Our requirements

• Interest and Knowledge of financial markets and Risk Management
• Capable of participating in large strategic projects and multi-tasking
• An organised and collaborative nature
• Ability to work autonomously
• IT Basics: Strong in Excel, Word, Outlook, Powerpoint. OneNote skills are an advantage
• Fluent in English (knowledge of French an advantage but not a pre-requisite)