August 2010
A Country where more than One hundred and Seventy nationalities live side by side…
Known as the “Green Heart of Europe”, the Grand Duchy of Luxembourg occupies a unique position among the member states of the European Union. Its most notable features are undoubtedly the diversity of its population and the high degree of integration into Luxembourg society.
Nearly 44% of the Grand Duchy’s population is of foreign origin. Among the most heavily represented foreign communities in Luxembourg are the Portuguese, French, Italians, Belgians and Germans. Despite the very high proportion of foreign residents, the Grand Duchy has no cultural tensions to speak of. This is one of the key characteristics of the Luxembourgish integration model.
… In a country that is largely open to foreigners…
The Grand Duchy of Luxembourg’s unusual demographics have had an impact on the labour market. Foreign workers make up more than 69.5% of the active labour force. This is partly the result of immigration (foreign residents), supplemented by a high proportion of cross-border workers.
Bnp Paribas in luxembourg (Click to enlarge)
Group BNP Paribas in Luxembourg
Examples of available jobs and functions:
BGL BNP Paribas and BNP Paribas
Relationship Manager: WMI and Retail Banking
- In your role as a versatile, multi-skilled customer advisor, you are as comfortable working with business customers as you are with private clients; you are in charge of actively promoting the bank’s products and services to this customer base.
- You build customer loyalty, increase the customer base and advise customers in all areas of financial management, with respect to both investments and loans.
- You develop the bank’s business by canvassing potential customers.
- You assist the managers to whom you report in setting goals and developing strategies to implement in order to achieve these goals.
- You report on sales activities and on the results of monitoring client portfolios.
BNP Paribas Securities Services
Back-Office Securities
Transfer Agent, Fund Accountant, etc.
- You have previously held one or more operational roles in the Securities field (Transfer Agent, Fund Accountant, Custody, etc.) as an intern or temporary employee, and you are looking to further experience.
- You will need to speak fluent French, English and, if required, a third language (Luxembourgish, German, Dutch, Spanish, Italian, etc.).
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You hold an undergraduate degree and potentially a post-graduate degree (equivalent to the French Bac+2 to Bac+5) in economics, business, finance or accounting.
Recruitment at Group BNP Paribas in Luxembourg
We primarily recruit multilingual graduates and recent graduates with a maximum of 1-2 years of professional experience. Ideally, they will hold a Bachelor's or Master's degree from a university or equivalent institution in an economic, financial, legal or scientific discipline.
Bilingual in French and English, they will ideally also speak Luxembourgish or German.
Are you interested in applying?
Please send your application to:
For BGL BNP Paribas :
- recruitment@bgl.lu
- internships@bgl.lu (for internships)
For BNP Paribas:
Industrial Plan: Merger between BNP Paribas and BGL BNP Paribas
BNP Paribas released its industrial plan for the Grand Duchy of Luxembourg in late 2009.
This plan is the culmination of months of joint efforts by BGL BNP Paribas and BNP Paribas Luxembourg teams, and is part of BNP Paribas’s global industrial plan. The link between the two companies will be solidified in late 2010 with the merger of BNP Paribas Luxembourg and BGL BNP Paribas.
BGL BNP Paribas, a successful player in the local market
Individual customers
The merger will enable BGL BNP Paribas to draw on BNP Paribas’s expertise to enhance its customer relationship management and to expand its range of products.
Individual customers - Private Banking
BNP Paribas’s operational model will be tailored to the specific needs of the local market. Decentralised Wealth Management Centres will be created and a team dedicated to the Luxembourg market will be established.
Business customers
The industrial plan anticipates the creation of a single organization serving both Luxembourg companies and foreign companies operating in Luxembourg.
The trading room will offer a full range of products: exchange rate and interest rate products, equities, derivatives and structured products.
In terms of Corporate and Investment Banking, the customer will also gain access to the full range of expertise available through BNP Paribas’s international network.
Our leading positions contribute to Luxembourg’s financial influence
A key player in Luxembourg and a centre of excellence for the Group’s Securities business line
Three control centres with global responsibilities will be based in Luxembourg: Fund and Middle Office Administration, Investment Fund Services, and Services for International Debt Issuers.
A leader in Private Banking in Luxembourg and the creation of a major European platform
BGL BNP Paribas will become the leading Private Bank in Luxembourg. Four global or European centres of expertise will be based in Luxembourg, such as, for example, global discretionary management.
The n° 1 Luxembourgish banking institution in the Greater Region
As the most active banking group in the Greater Region (which includes the Grand Duchy of Luxembourg, Wallonia, Saarland, Lorraine, Rhineland-Palatinate and the German-speaking community of Belgium), BNP Paribas will leverage the potential of its French, Belgian and German networks by integrating its multi-regional products and services with those of its local networks. Overall coordination will be managed from Luxembourg.
N° 1 in Europe in equipment leasing
The combined entity will be a European player in property and equipment leasing. The holding company for leasing activities will be a company incorporated under Luxembourg law in which BGL BNP Paribas will hold a majority stake.
Enriched human capital - a driver of change
The merger will take place in compliance with our commitments relating employment, in consultation with social partners and without a redundancy plan. Support structures have been put in place to assist staff during the transition phase. A commun status will govern the relations and working conditions of the Group.
The Group’s values – Responsiveness, Creativity, Commitment and Ambition – will contribute to supporting our collective efforts as a company.
At the initiative of the IS core business, a Business School is being developed in the Grand Duchy of Luxembourg whose primary purpose is to establish business line “certifications” at European level within the core business.
The two business lines involved at this initial stage are BP2S (BNP Paribas Securities Services) and WMI (Wealth Management International).
Interview story
Jean-Paul Schmitz: Customer advisor with the Affluent Residents and Independent Professionals Pool.
Hello, Jean-Paul. What is your professional background?
I took my first steps in the professional world in September 2005, as part of BGL BNP Paribas’s Human Resources department. I was hired as a new graduate, and during the first few months I was given projects that enabled me to learn about the various careers available in banking and about the philosophy of our Human Resources team.
Following the creation of the “Recruitment and Communications” entity at the end of 2006, my responsibilities became more wide ranging: organizing and participating in career forums, hiring interviews and managing the Traineeship programme (now known as the “Associates” programme).
Why did you choose to change jobs within the bank?
In working in the bank, we have an opportunity to evolve and develop in different fields. I've always been aware of this opportunity, and so I decided to leave Human Resources to join a branch within the banking network.
Why did you choose Retail Banking?
Because I wanted to diversify my skills by gaining experience in a field where relationships play an important role and where results are practical and measurable. I also wanted to make greater use of my analytical skills, to be in touch with the financial markets and to able to approach customers proactively.
What were the different steps in your transfer?
I notified my boss that I wanted an internal transfer, and I received a positive response at the end of 2008. My HR manager, the training department and the Marketing and Sales Organisation department quickly set me up with a training program that had been specifically developed for employees with prior banking experience.
This training program, which is taught by specialists from within our bank, is very intensive, very informative and covers a maximum amount of topics related to working in Retail Banking in a minimum amount of time! Those of you who are looking for a new challenge would really enjoy it!
In mid-January 2009, I joined the “Affluent Residents and Independent Professionals” pool. The first months are seldom the easiest ones in a new role: I asked my colleagues a lot of questions and I had to accept that I couldn’t learn everything at once. Of course, my priorities are set according to the needs of our customers, who in this pool are mostly doctors, lawyers, architects, etc. Learning huge amounts every day while trying to satisfy customers is very stimulating!
The bank also makes a lot of tools available to us (see the various marketing campaigns) so that we can ensure that we provide our customers with the best possible service.
My on-the-job training continues every day, and we also have the opportunity to sign up for courses offered by the bank or by the Institut de Formation Bancaire (IFBL – the Bank Training Institute).
Knowing what you know now, would you do it all again?
YES, absolutely! I really appreciate this opportunity to develop my career, not just on a technical level but also from a personal perspective. I love being in contact with lots of people, whether with customers or with colleagues in different departments of the bank.
My job requires a wide range of skills: first of all, to be able to understand and present a product, but also to be able to approach a potential customer and to adapt our marketing pitch to their level of knowledge and their personality. Not to mention the analytical skills necessary to study a balance sheet or a customer’s financial situation.
And finally, what’s in it for you?
It’s a dynamic and motivating job that’s giving me a wide range of opportunities for the future. I want to emphasise this point because the branch network genuinely provides many opportunities for job mobility and career development. Talk with colleagues that you may know in the Retail Bank, or contact me - I'll be happy to give you advice to help you make your decision!
Find out more about Group BNP Paribas in Luxembourg
