Off-Cycle Intern - Assistant Sell-Side Analyst, Paris. July start date

Off-Cycle Intern - Assistant Sell-Side Analyst, Paris. July start date page is loaded## Off-Cycle Intern - Assistant Sell-Side Analyst, Paris. July start datelocations: Paristime type: Full timeposted on: Posted Todayjob requisition id: R4835The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.**About Midcap**Midcap, a division of TP ICAP (Europe) SA, covers a broad universe of French and European small and mid-cap stocks and publishes daily market commentary, fundamental research, and sector analyses for professional investors.**Role Overview**This is a full time, 6-month off-cycle internship opportunity in our Midcap Equity Research Department based in Paris. We are looking at a start date from July 2026 and it will run until January 2027. The successful candidate will receive hands-on experience, daily guidance from sell-side analysts, work reviews, and methodological feedback. You can expect to receive direct exposure to listed company executives and professional investors, along with experience in an international environment within a leading market infrastructure group.**Role Responsibilities*** **Market & Earnings Monitoring**: Track newsflow (earnings releases, M&A, guidance) and prepare morning call materials.* **Issuer Meetings**: Attend earnings presentations / CMDs / roadshows and draft actionable meeting notes.* **Sector Research**: Build competitive analysis, identify drivers and KPIs, perform screening.* **Modelling & Valuation**: Update financial models (P&L, balance sheet, cash flow), run DCF, comparables, SOTP, scenarios & sensitivities.* **Writing**: Contribute to flash notes, post-publication comments, fundamental studies, and analyst-backed reports.* **Production**: Ensure publish-ready formatting (tables, charts) and compliance with quality standards, deadlines, and internal procedures.**Experience / Competences**Essential

• Master’s degree in finance (business/engineering school or university), gap year or end-of-studies internship.
• Solid technical foundation in valuation: DCF, multiples, and comparable transactions.
• Tools: Advanced Excel & Power

Point; Fact

Set (or equivalent) appreciated; coding knowledge is a plus.* Languages: Fluent French and English (written/spoken).* Skills: Rigor, synthesis, reliability, prioritization, clarity.

Desired

• Previous experience in financial analysis or equity research (internship), ideally 6 months or more.
• Good knowledge of European equity markets and financial publications.
• Exposure to financial databases (Fact

Set, Bloomberg, Refinitiv).

• Ability to produce clear, client‐ready notes for institutional clients.**Recruitment steps*** **Process:*
• Two technical interviews with the Equity Research team.* **Application:*
• CV + short cover letter or one‐page stock pitch.***Role Band & Level:**
• Support, 1#LI-INT #LI-Onsite #MIDCAP**Company Statement**We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.**Location**France
• Rue Washington
• Paris**Connecting clients, communities and colleagues for sustainable growth**TP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities.**Work with us**Joining TP ICAP puts you at the heart of markets that matter.

You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success.

TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group.

Connections are at the heart of what we do. We combine our people’s know-how with the latest technology to improve price discovery, trade execution and liquidity flow.

Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth.

And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future.

TP ICAP. We connect.

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