About the job
- Loan trading business facilitates the transaction of loans in both primary and secondary markets, providing liquidity and investment opportunities for market participants. It enables investors to gain or adjust exposure to corporate credit, manage portfolio risk, or capitalize on distressed opportunities by trading loan products following industry standards such as LSTA/LMA. The Loan Trading Middle Office provides daily operational support to the Sales and Trading desks by ensuring the processing of primary/secondary loan trades and loan TRS, including all funding and documentation matters
Your Main Activities Are
- Work closely with the sales & trading desk, clients, legal counsel, and operations teams to settle primary, secondary and distressed loan trades for US and UK desks
- Create trades in ClearPar and confirm their details
- Coordinate with counterparts and administrative agents to review and execute all trade documents necessary for closing in a timely manner, adhering to LSTA/LMA timeframes
- Monitor trader's positions and monitor and manage a high volume of loan closings, updating the status for each trade, and performing reconciliations. Escalate any potential delays in trade settlement
- Prepare and review LSTA/LMA standard documents including Trade Confirms, Assignment Agreements, Participation Agreements, Multilateral Agreements, and Purchase Sales Agreements for Distressed trades
- Review and interpret Credit Agreements and Amendments, ensuring understanding of terms and conditions for both LSTA/LMA
- Prepare and review pricing prior to settlement according to LSTA/LMA definitions, as well as closing packages for BPSS
- Report the status of unsettled trades and key risk indicators to Management on a weekly basis
- Monitor and apply corporate events for both unsettled and settled trades. Report the status of unsettled trades and key risk indicators to Management on a weekly basis
- Strive for efficiency by investigating and resolving closing and transactional breaks/issues in a timely manner, as well as improving processes through spreadsheets, pivot tables and macros to automate workflows
Profile and Skills to Success
- Bachelor’s Degree in Economics, Finance or Accounting
- Up to 2 years of experience in Banking and Financial Operations
- Fluency in English
- Proficiency in Excel
- Client focused, resilience and analytical ability
- Ability to collaborate
- Ability to deliver
#LI-Hybrid
Why joining BNP Paribas?
· Leading banking institution
BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.
· Our presence in Portugal
In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.
· International reach
Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:
- Retail Banking, a division that brings together all the Group’s retail activities and specialised business lines;
- Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services;
- Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.
· Diversity and Inclusion commitment
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.
· Commitment towards work/life balance
At BNP Paribas we care about our employees’ wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.
· 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 modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.
To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal
* 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.
