- Company Name
- BNP Paribas
- Job Title
- London - Long Term Internship 2026 - Counterparty Risk
- Job Description
-
**Job Title:** Counterparty Risk Analyst – Long Term Internship (London)
**Role Summary:**
Interns will join the Counterparty Risk Team within RISK MFI Analysis & Decisions to analyse and monitor counterparty credit exposures across all OTC/SFT and prime services. Working closely with Market Risk, Credit, and Front Office teams, interns design stress‑tests, assess collateral quality, and provide risk recommendations to align exposures with the bank’s appetite.
**Expectations:**
- Full‑time internship (duration 12–24 months) based in London.
- Strong analytical aptitude with a focus on financial risk, derivatives, and regulatory frameworks.
- Ability to communicate complex findings clearly to senior risk and business stakeholders.
**Key Responsibilities:**
- Analyse counterparty exposures for corporates, financials, sovereigns, managed funds, and hedge funds across all derivative products (interest rates, credit, FX, equity, commodities, securities financing).
- Design and execute regular and ad‑hoc stress‑tests; interpret results and issue risk‑management recommendations.
- Monitor collateral received and posted (VM/IM, financing activities, CSAs), assessing quality, valuation, concentration, and liquidity.
- Maintain risk measurement methods and complex overrides for exotic products in collaboration with Market Risk and Credit teams.
- Support the onboarding of new clients/transactions from a counterparty risk perspective, reviewing pricing, credit limits, and policy compliance.
- Present analytical outcomes in risk forums, summarising key risk drivers and providing actionable insights.
- Participate in regulatory projects, staying current on stress‑testing, liquidity, and collateral requirements (e.g., DRM, BIM).
- Contribute to the development and improvement of internal analysis tools and processes.
**Required Skills:**
- Quantitative proficiency (advanced Excel, VBA, or programming in Python/R).
- Deep understanding of counterparty credit risk, derivatives pricing, and collateral management.
- Knowledge of stress‑testing methodologies and regulatory regimes (Basel III/IV, BMR, etc.).
- Strong analytical and problem‑solving abilities, able to interpret complex financial products.
- Excellent written and verbal communication; experience presenting to senior stakeholders preferred.
- Team collaboration with Market Risk, Credit, Front Office, and Trading groups.
**Required Education & Certifications:**
- Current Bachelor or Master’s degree in Finance, Economics, Mathematics, Statistics, or related quantitative field.
- Relevant certifications (CFA, FRM, PRM) are advantageous but not mandatory.