Glasgow - Summer Internship Programme 2024 - Securities Services Fund Accounting

BNP Paribas Securities Services is pleased to offer a Summer Internship in Fund Accounting, with the opportunity to work in the following departments:

Open Ended Fund Accounting: This department is comprised of a number of different functions responsible for Daily Net Asset Value (NAV) Production, taxation, and Statutory and Financial Statements reporting services for a range of fund types including UK Open Ended Investment Companies, a Property authorised investment fund, Unit Trusts, UK administered Luxembourg SICAVs and life & pension funds.

Investment Trust Accounting: This department exists to provide the timely and accurate production of all management and financial accounts information with daily, monthly and annual tasks completed for the assigned Investment Trust Clients.

Purpose & Scope of role

This internship will be for a period of between 9 and 12 weeks from Monday 24th June, based in our Glasgow office. The internship will provide the opportunity to experience the work environment of a leading financial services organisation.

As an intern, you will be given responsibility from day one adding real value to live projects and will be encouraged to expand your professional network across the bank.

Key Responsibilities of role

For an agreed population of open ended funds, produce deliverables including, but not limited to:

· To meet client KPIs and service delivery commitments through:

o Daily Net Asset Value (NAV) calculations,

o Distribution calculations,

o Monthly trustee / control packs,

o Management service charge calculations,

o Performance fee calculations,

o Portfolio turnover calculations,

o Yield calculations,

o Total expense ratios,

o ONS Returns.

· Timely completion of internal team management information.

· Assist in managing responses to clients, auditors, trustees, custodians and other departments within BNP Paribas Securities Services for those funds assigned responsibility for.

· Adhere to procedures and controls in performing allocated tasks.

· Assist in documenting procedures and controls for new and existing processes.

· Timely escalation of any issues to Senior Fund Accountant and Assistant Manager.

· Ensure corrective and preventative action is taken, and evidence retained, where deadlines / quality standards are at risk.

We are looking for candidates who can demonstrate the following skills/qualities:

· Computer literacy

· High level of numeracy

· Customer focus

· Team working skills

· Excellent communication skills

· Ability to work to deadlines

· Flexibility/adaptability

· Accuracy

· Basic understanding of accountancy and investment operations (preferred but not essential)

To be considered you must be penultimate year student of a 3-year or 4 year course, preferably of an Accounting or Finance degree.

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

BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

As one of the world's pre-eminent banking groups - and the first ever French bank to set down roots in the UK in 1867 - the breadth and depth of our presence across the country means BNP Paribas is able provide UK companies and investors access to a full global suite of products and solutions in Europe and worldwide. This, combined with our long-term commitment to the UK, is what truly distinguishes BNP Paribas from other international banks operating in the country.,

• Et si on vous disait que travailler dans notre Groupe, ce n'est pas ce que vous croyez ? Chez BNP Paribas, on exerce une multitude de métiers qui évoluent en permanence pour être en phase avec les attentes des clientes et clients comme de la société. Au travers d'actions du quotidien ou de grands projets, exercer l'un de nos métiers, c'est s'engager pour agir durablement.


• Se sentir bien dans son job, c'est avant tout venir travailler comme on est. C'est aussi avoir les moyens d'un bon équilibre entre sa vie professionnelle et sa vie personnelle. Deux engagements majeurs pour BNP Paribas.


• Chez BNP Paribas, le développement de vos compétences est essentiel, pour vous comme pour nous. Et cela vous servira pour toute votre vie professionnelle.