London - Long Term Internship 2026 - FIC ICAT Funds Analyst

Company Purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work

• Committed to sustainability and having a positive impact

• Being dedicated to the development of our people

Business Area

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.

Financial Institutions Coverage (FIC) is a global coverage group specializing in the Financial Institutions sector. FIC aims to build long-term relationships with key clients and gain insight into client strategy and targets to provide original and integrated ideas and solutions.

Within FIC, the Institutional Credit Analysis Team (ICAT) is responsible for completing credit analysis and recommendations for financial institutions.

The Funds Team within ICAT, as the name suggests, focuses on Fund counterparties, primarily Hedge Funds. The role is client facing and includes the need for onsite due diligence. In addition to credit analysis and recommendations, a key role of the team is also Initial Margin calculations for OTC Derivative products. As will be appreciated, the role requires a wide range of skills, from advanced technical skills through to advanced communication and relationship building skills

Job Purpose

The role is to assist senior team members in the day-to-day business activities and contribute to a variety of tasks allowing a general introduction to the business.

Key Responsibilities

• Primary focus will be Hedge Funds
• Participate in Technical and Business Skills Training
• Support senior team members with day-to-day activities
• Complete specific assignments
• The work you could be involved in varies depending on the teams you join

Requirements

• Degree from a leading university with an excellent academic record; or equivalent work experience
• Good understanding of financial markets
• Curious and eager to learn
• Confident verbal, written communication and networking skills
• Proficient with MS Office tools, including Excel
• Great organisational, multitasking and time management skills
• Strong analysis and judgement
• Meticulous accuracy with a keen eye for detail
• Team player, proactive, independent, enthusiastic self-starter with strong interpersonal skills
• Excellent spoken and written English. Additional languages are an advantage
• For some roles, programming skills (C++, Python, Java, R or other equivalent) will be needed

Conduct

• Be a role model, supporting and fostering a culture of good conduct.
• Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.
• Consider the implications of your actions on colleagues.

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

PLEASE NOTE

• You may only apply to four Long Term Internships over the course of a year. These may be across any business area.
• Successful candidates for this long term internship will be considered for London ONLY.
• Please discuss the available start dates with your interviewers.

Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas for the relevant recruitment round.

Location: London

Duration: 16 - 22 months

A bit more about why you should join us

• We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.

• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.

• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app,