Trainee - Management Support Fund Administration

**BNP Paribas Securities Services**, a subsidiary of the BNP Paribas group, is one of Europe's leading providers of custody services for securities.

The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.

To support its current growth, BNP Paribas Securities Services is looking for a:
Trainee - Management Support Fund Administration (H/F)

6 months

You must provide an internship agreement covering the entire period of the internship

**CONTEXT AND STAKES**

Ranked as the second largest global fund centre, Luxembourg is a preferred jurisdiction for institutional and private investors. The Luxembourg Fund Sector is very dynamic, innovative, and well established thanks to its robust regulatory framework. The Fund Administration has always been and will remain a key pillar of the Fund industry. It is fully integrated with multiple counterparties (inside and outside the bank): Transfer Agent, Depot bank, Custodian, Management Companies, Brokers, and Auditors...

BNP Paribas Securities Services Luxembourg is positioned at the heart of the Luxembourg Fund Industry: Possibility to grow knowledge on all activities related: Custody, Fund Services (TA, FA, FDS...)
- Assist the Fund Accountants on Net Asset Value Calculation in respect of our procedures and the ISAE3402 standard:

- Ensure the Zero Default Quality.
- Ensure reconciliations are performed (cash, securities, shares in issue) and any difference is explained.
- Ensure the follow-up of the pending items and escalate to the management in case of long and/or impacting pending.
- Calculate and control the Net Asset Values.
- Check that the Pricing of the underlying out of tolerance is correct with the usual Pricing Sources.
- Provide answers when required to any person in charge an action in the NAV Cycle.
- Respect our clients Net Asset Value publication cut offs.
- Analyse the Fund Accountant environment and help to develop/improve the current processes.
- Use VBA with the Microsoft event-driven macro programming language to create user-defined functions and automation processes such as comparing quantities, prices, and the market both from the client and the team's end.
- Assisting in the preparation & conception of management Support, such as dashboard, Process modelling, KPI,...
- Engaging in different transversal projects

Based on your personal interest and underlying projects, it might allow to participate in the daily Fund Accounting, Oversight, Financial Reporting, Client Account Management, Corporate Investment Compliance production process, understanding different mechanisms, risks, and challenges, where applicable

**Your work environment**
- The job is located on site; in the eKinox building, located 60, avenue J.F. KennedyL-1855 LUXEMBOURG.
- The FA Luxembourg department is composed of around 160 people, separated in teams of accounting, control, analysts, and client relations.
- The job is not eligible to remote working (télétravail), or to access to satellite offices.
- No movements outside of the office to be foreseen.
- Possibility to transform the internship to a work-study position (alternance), depending on the conditions.
- Full-time job.

**Additional pros for this job?**

Working in the Fund Administration is a unique opportunity to learn on different domains and develop a career:

- **Capital Market**: Understanding financial Products such as Equity, Bond, Listed Derivative, OTC Derivatives in a large range/type of Funds (UCITS, Hedge funds, Alternatives and RAIF funds...).
- **Working in team**: Managing multiple interactions with clients and their providers (International Operating Centres, brokers, Custodians, etc...) and auditors.
- **Support transformation** required for continuous improvement.

**ARE YOU OUR FUTURE INTERN** **?**

**Professional experience and/or diploma**

Requires a license or a master's degree in progress, in either people management, finance, computer science, statistics, data analysis or accounting. A previous experience would be appreciated but is not necessary.

**Compartmental skills**

**Transversal skills**

Any certification such as BMC or AMF are a plus but are not mandatory.

**Technical skills**

Basic MS Office knowledge is mandatory (Excel, PowerPoint, etc...).
Any other technical skills are a plus (VBA, python, PowerBI, etc...).

**Linguistic skills**

The use of English is mandatory (B2+), especially written.
Knowledge of French, German or Italian are a plus, but is not mandatory.

Job ID FAANN2025
- ABOUT COMPANY
- BNP Paribas
- Paris, France
182656 Employees Corporate Banking

Acteur majeur de la scène financière européenne et mondiale, le Groupe BNP Paribas a pour mission de contribuer à une économie responsable et durable...