Global Banking Summer Internship 2021

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.

BNP Paribas has put sustainability at the heart of its business strategy and as well as integrating ESG into its risk, financing and investment policies is actively supporting its clients in their own sustainability journey with an extensive suite of sustainable finance solutions ranging from funding to supply chain management and voluntary carbon offset.

Department Overview

Our Summer Internship programme within Global Banking provides a unique opportunity to spend 9 exciting weeks at the Bank, in one of the 2 Global Banking Areas: Capital Markets & Corporate Clients Group. Your first week will consist of comprehensive and interactive training, the 8 following weeks will be spent in one of these 2 business areas.

The Internship is open to all penultimate year students regardless of degree background. All you need to be is ambitious, bright, with the ability to problem solve and willingness to learn.

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.

Corporate Clients Group

Corporate Clients Group consists of Corporate Coverage, 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 specialised lending and debt advisory to specific industry sectors: power, energy, metals, mining and infrastructure.

Key Responsibilities

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

Requirements

• Strong academic background from a leading university or similar top tier institution
• An eager inquiring mind
• A proven interest in finance and economic affairs
• Proactive and enthusiastic self-starter
• Strong attention to detail
• Strong organisational and time management skills
• Excellent communication and interpersonal skills
• Excellent spoken and written English are crucial