Corporate Debt Capital Markets (DCM) Internship

Job description

Excited to grow your career? BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers. The Corporate Debt Capital Markets (DCM) team within BBVA CIB London forms part of the Credit Europe Developed Markets franchise, advising top-tier European corporations on structuring, originating, and executing primary bond issuances. Operating as a core front-office hub in London, the team connects corporate issuers across developed markets with global institutional investors to meet their strategic funding needs. Working seamlessly alongside Syndicate, Coverage, and Sales & Trading, the franchise delivers bespoke debt financing solutions in a fast-paced, collaborative environment that actively combines deep capital markets expertise with modern technology, data analytics, and AI-driven innovation. About the job: Are you looking to kickstart your career in Investment Banking and financial markets? Join our Corporate Debt Capital Markets (DCM) team within the Credit Europe Developed Markets division in London. You will closely support the team in the origination and execution of bond transactions for major corporate clients, gaining unique, hands-on exposure to a pan-European franchise and learning how different areas of an investment bank work together on high-profile transactions. What You Will Do Origination & Execution Support: Assist in the preparation of client presentations, pitches, and financing proposals, including the analysis of funding alternatives and capital structure considerations. Market & Financial Analysis: Support the team by analysing clients’ financial profiles, credit metrics, liquidity, and debt maturity schedules, while monitoring primary and secondary markets, interest rates, and investor activity. Pricing & Valuation Assistance: Help perform relative value, pricing, and comparable issuer analyses to support strategic recommendations on transaction structure, timing, and tenor. Tech & Process Optimization: Proactively use AI, coding, and automation tools to streamline recurring processes, improve data analysis, and develop internal financial/market models. Cross-functional Collaboration: Support senior team members in day-to-day activities and ad hoc sector analyses, collaborating across Syndicate, Sales & Trading, Coverage, and Ratings Advisory teams during live executions. What We Are Looking For Education: Current Bachelor's or Master's student in Finance, Economics, Business Administration, Engineering, or a highly quantitative field. A strong interest in pursuing a career in Debt Capital Markets, Investment Banking, and/or Corporate Finance is essential. Languages: Fluent English is mandatory. Knowledge of Italian and Spanish language skills is highly valued. Key Competencies: Strong analytical and problem-solving skills, combined with attention to detail and intellectual curiosity. We are looking for proactive, autonomous, and solution-oriented individuals with a commercial mindset. You must have strong organisational skills to manage multiple priorities under tight deadlines, alongside a high level of ownership, reliability, and teamwork. Tech Savvy: Advanced proficiency in Excel and PowerPoint. Strong interest and practical experience in AI tools and coding (e.g., Python, VBA, or similar) to automate workflows and build analytical models. Familiarity with Bloomberg, Capital IQ, Dealogic, or other financial databases is a strong advantage. What You Will Gain DCM & Corporate Finance Expertise: Develop a practical understanding of bond valuation, credit spreads, new issue premiums, and the critical role of debt markets within a company’s overall funding strategy. Professional Growth & Networking: Gain broad exposure to the end-to-end DCM process—from initial client discussions to pricing and execution—working closely with senior bankers in a fast-paced, international environment. Tech-Driven Innovation: Hands-on experience applying technology and AI to real-world financial analysis, empowering you to challenge existing ways of working and propose more efficient solutions. ⚠️ Important Requirements Availability: This is a full-time, off-cycle internship position from October 2026 - October 2027. Please only apply if you can commit to the full duration. Location: London. Right to Work: Applicants must possess UK Citizenship or a valid Right to Work (RTW) in the UK. Proof of eligibility will be required during the recruitment process. Skills: