Front Office – Currency Hedging Analyst Internship

June 28, 2024

Front Office – Currency Hedging Analyst Internship


  • Internship
  • PT-Lisboa
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About Global Markets

·         Global Markets is BNP Paribas’ capital markets business within Corporate & Institutional Banking (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutional, corporate, private banks and retail distribution networks. Our Portugal Platform (Porto and Lisbon) is a major HUB in Europe and certainly unique in the country by its size and its scope of activity, with all Front Office roles present (Trading, Sales, Research, Structuring, Quant & Engineering, Business Dev and Support, Marketing & Client Support, Risk Management, Data Analytics and Machine Learning). We are growing fast with the ambition to become even more relevant for the worldwide activity, which presents many short and long-term opportunities

Your Main Activities Are

  • Your missions will be mainly focused around the Passive Currency Overlay daily production process, and the main tasks are the following :
    • Ensure delivery of the daily production
      • Control, analyse & validate the data received from clients provider (Transfer Agent, Fund Accountant)
      • Launch and monitor the automated order generation process in application of the client hedging guideline
      • Control spot, forwards and swap orders generated by the system and investigate in case of warning
      • Follow-up on order transmission with appropriate desk; either BP2S desk as principal or client execution desk.  Follow-up post execution and accurate booking in the PCO Platform
      • Launch and deliver client reporting
    • Monitor and maintain the PCO Risk control plan
      • Control client credit risk limit and liaise with client management to request limit increase when necessary
      • Ensure Global all controls of PCO control framework are done in a timely and effective manner
      • Participate in constant tools enhancement and renewal by maintaining macros and VBA tools
    • Participate to PCO Team activity
      • Participate to the different team meetings  :
      • Participate to the continuous training process to ensure skill sharing across the team
      • Contribute to the identification of improvement areas, suggest and follow up action plan to reinforce the PCO tasks and the control framework
      • Participate to the preparation of new client on boarding in relation with the structuring team.
    • Engaging in different transversal projects
      • Projects can be diverse in terms of topic, duration or scope or skills
      • Ex: FOREX Credit Risk Management, Client Reporting support, Macro tools and coding enhancements, Client service enhancement, new product implementation…
      • Project selection will be done in close cooperation with your manager and will depend on your skills and areas of competence

Profile and Skills to Success

  • Master’s Degree in Finance or Engineering
  • Advanced in English both oral and written (mandatory)
  • Knowlege in:
    • Financial Markets
    • Market Data Technologies
    • Office Pack
    • Market Finance
  • Skills
    • Ability to collaborate / Teamwork
    • Attention to detail / rigor
    • Ability to develop and adapt a process
    • Analytical Ability

About the Team

  • Your internship will be within the Market & Financing Services (MFS) department
  • You will be working alongside the team in charge of the Passive Currency Overlay Management (PCO) or known otherwise as “Share Class & Asset Hedging”. Our activity consists in:
    • Production Management on behalf of our existing clients : Market data reception and analysis, hedge calculations and FOREX executions
    • Management of the On Boarding process for both new prospects and existing clients, new and additional business
    • Constant enhancement and upgrade of the production process through periodic launches of new functionalities
  • The internship will allow you to develop your technical knowledge and critical thinking in a dynamic and fast paced environment. You’ll begin with an orientation of the Passive Currency Overlay business’s activity. You’ll enjoy unique experiences discovering the fund industry, while learning about our business, positioned at the heart of market finance. You’ll also focus on building communication skills and strengthening core competencies.

Why joining BNP Paribas?

· Leading banking institution

BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe’s banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

· Our presence in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

· International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:

·        Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines

·        Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services.

·        Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional client.

· Diversity and Inclusion commitment

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

To find out more on why you should join BNP Paribas visit

* Please note that only applications submitted in English will be considered.

* In case you are selected for this role, further documentation will be requested to support your hiring process.