About the job
As a Credit Trader Assistant you need to support the Credit Trading desk by ensuring the accurate execution and monitoring of credit product transactions throughout their lifecycle. The team is responsible for assist traders with trade capture, reconciliations, profit and loss reporting, and the resolution of post-trade issues. We work closely with trading, sales, operations and risk teams, we also help to maintain efficient workflows and strong operational controls.
Your Main Activities Are
- Cover traders for Financials, Macro, High Yield & Secondary Loans, and the full spectrum of credit products
- Assist front office in deal capture and post trade event management as well as daily reporting’s, analysis, Risk, P&L(profit and loss), failed or incomplete deals
- Ensure amendments and cancellations are made in a controlled manner and any P&L impact communicated to front office immediately
- Perform daily reconciliation checks on trades and liaise with operations to solve discrepancies
- Maintain segregation of duties with front office by not price making, entering trades directly and booking into non-permitted portfolios
- Handling Trading, Sales and Management queries
- Direct contribution to BNPP operational permanent control framework by following desk procedures and escalating incidents to management
- Work in close collaboration with the onshore team
- Following the necessary mandatory compliance training the employee has been assigned to, based on risk exposure, it is necessary to maintain appropriate business and compliance knowledge and understanding in order to be fully competent to undertake the role. These training courses are considered as mandatory according to local regulatory requirements
Profile and Skills To Success
- Bachelor Degree in Business, Economics, Finance and Mathematics or any similar areas
- Up to 2 years of experience on Financial Markets, Credit Products, and Fee Reconciliation
- Fluency in English, both oral and written
- Experience with Python or VBA coding skills
- Great verbal and written communication skills with many stakeholders
- Great escalation and problem-solving mindset, as well as continuous improvement skills and resilience
ABOUT THE TEAM
The Trading Assistant Team is key to the smooth operating of the Fixed Income Derivatives Market within BNPP. It is essential that the team (based in London and Lisbon) has a strong relationship with the sales/trading desk to provide a seamless process to our clients from Pre trade to post trade. Given the importance of the role, Trading Assistants have a considerable exposure to BNP Paribas’ Global Market business by working closely with Traders, Sales, Research and Management.
ABOUT GLOBAL MARKETS
Global Markets, the capital markets division of BNP Paribas' Corporate & Institutional Banking, is a powerhouse delivering top-tier solutions across asset classes. Our Portugal Platform (Porto and Lisbon) stands as a major European HUB and a unique player in the country, boasting a wide range of Front Office roles and services - Trading, Sales, Research, Structuring, Quants & Engineering, Business Dev and Support, Marketing & Client Support, Risk Management, Data Analytics and Machine Learning. With rapid growth and ambitions to make a global impact, we offer numerous short and long-term opportunities.
#LI-Hybrid
Why joining BNP Paribas?
* Leading banking institution
Leading player in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe
* International reach
The Group holds key positions in several areas of banking and financial services that are structured around three operating divisions:
* Corporate & Institutional Banking (CIB) connects companies needing financing and institutional clients looking for investment opportunities division that offers tailored financial solutions for corporate and institutional clients.
* Commercial, Personal Banking & Services (CPBS) brings together all our commercial banks and several specialised businesses
* Investment & Protection Services (IPS) combines a unique continuum of products and services across protection, saving, investment and real estate including specialised businesses offering a wide range of savings, investment and protection services
* Our presence in Portugal
In Portugal since 1985, BNP Paribas today has more than 9.220 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 centres of expertise providing value-added services to various countries where the BNP Paribas Group also operates.
* Diversity and Inclusion commitment
BNP Paribas ´ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction. We demonstrate our commitment by actively contributing to the Group’s Diversity and Inclusion strategy and goals, in line with the United Nations Sustainable Development Goals. As part of our local Corporate and Social Responsibility - Diversity & Inclusion strategy, BNP Paribas Portugal is committed to:
* Promote a fair and unbiased recruitment process and offer professional development opportunities to all employees
* Celebrate diversity and advocate for inclusion, both externally and internally, encouraging employee’s participation, creating space for different voices to be heard.
To foster the effort of BNP Paribas Portugal, multiple initiatives and events take place throughout the year where our people can find out more on the importance of diversity inclusion at the workplace and in our society.
* Remote Working Conditions
At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working options adapted to our hybrid working environment. To ensure a comfortable and efficient working setup, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices.
* Commitment towards work/life balance
Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working program. At BNP Paribas, we care about our employees’ wellbeing and promote a culture of good integration between work and personal life.
To find out more on why you should join BNP Paribas please read our [1] Employee Value Proposition and our [2] Career path page.
* Please note that only applications submitted in English will be considered.
* In case you are selected for this role, further documentation will be requested to support your hiring process.
