Head of PB Trading

Responsibilities

• Contribute to the Securities lending and Synthetic PB trading activities so as to achieve and enhance budgeted Group PNL.
• Manage and monitor firm's inventory and be up to date with regulatory requirements and changes in order to ensure regulatory compliance.
• Familiarize with all trading platforms, market specificities, regulatory dependencies, BNP offerings and inventory management workflows and processes across all APAC markets.
• Ensure oversight of approval of borrow locates for internal desks, cash clients, cash PB clients, synthetic PB clients and put-through of borrows, ensuring all are logged with audit trails.
• Price all securities for internal and external locates and ensuring full transparency in transfer pricing across all equity trading desks.
• Cover firm's short positions, cash PB and synthetic PB clients' short positions and Pay-to-Holds. Manage excess inventory and refinancing and maximize optimization internally.
• Positions and PNL must be reported, checked and explained daily.
• Adhere to risk limits set by the risk control department, with a daily reporting of risk indicators, new positions and major changes in positions.
• Work collaboratively across Equities and with partners, particularly in IT and Ops to further develop the APAC Prime platform.
• Liaise with collateral teams, middle office and collateral settlement teams to ensure collateral positions are correctly booked, processed and settled with all operational risks mitigated.
• Conduct all trading activities with a controlled mindset taking into consideration all F2B risks, fulfilling business conduct requirements and having client's best interest in mind.
• Collaborating with partners within Prime, rehypothecate cash PB inventory, price and bid exclusive portfolios in order to build inventory to cater to clients’ flow and to optimize inventory efficiency.
• Identify corporate action opportunities from working closely with corporate action team and liaise with external lenders and risk counterparts to bring borrow in and monetize.
• Participate in projects and implementation of new trading tools and platforms. Maintaining an efficient trading/IT environment with a controlled, agile, optimization mindset
• Improve working relationship between SBL and Sales Traders and leverage BNP’s cross asset strengths, such as stock inventories, competitive financing, access to large number of markets, strong in-house execution capacity to creating more business opportunities.
• Maintain and continue to build relationships with global/domestic lenders and brokers as well as clients, follow up with periodic dialogues to improve and grow balances.
• Understand Prime Services business offerings and assist to promote PB platform, in particular cash PB & synthetic flow. Liaise with Origination Sales and PB Relationship Managers to conduct stock borrow loan teach ins and PB Portal securities lending demos etc.

Specific Qualifications

• Degree holder in Engineering or Finance 
• Minimum 7 years’ relevant experience from an international bank

Competencies :

• Team player
• Good initiative and organizational skills
• Decisive
• Strong communication skills
  
  
• About BNP PARIBAS 
  As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance. 
   
  We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
   
  •BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
  •BNP Paribas MixCity which fosters better representation of women at all levels of the organization
  •Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
  •BNP Paribas CulturAll which celebrates diverse backgrounds
   
  BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
   
  https://careers.apac.bnpparibas/
   
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  Award Obtained
  BNPP has won Top employer Europe award in a 10th consecutive year