About the job
- Within the OTC and Collateral Services (OCS) division, the OTC Valuation Services and Solutions team regroups specialists of valuation and margin calculation on OTC derivatives instruments. They bring their financial, technical and operational expertise to our clients during its whole relationship with BNP PARIBAS, and they act as support of:
- Client Development teams during the pre-sales process
- Operational teams for business-as-usual service
- Internal BNP Paribas departments (Collateral Management, Fund Administration, Depobank, IRP) for any query, discrepancy or dispute requiring expertise
- BNP Paribas’s clients, mainly asset owners & asset managers (investment operations, pricing teams, risk management…)
Your Main Activities Are
SOLUTION DESIGN / SETUP & ONBOARDING
- You accompany the development of OCS and design solutions of valuation and margin calculation in line with the needs of our clients and our capacities and compliant with the regulations and the control framework of the bank:
- Analysis of our client’s portfolios, and definition of the appropriate valuation and margin calculation setup (methodology, provider choice, processes, pricing control policy…), together with our partners and their experts
- Steering of the design and roll-out of the technical solutions for our clients, jointly with our service delivery teams and in line with our services strategy and operating model
- Training the client and the internal stakeholders in the new services, and follow-up until and after the roll-out
- Definition of the documentation (Client SLA, Client Technical Card, procedures,…)
CLIENT-FACING EXPERT SUPPORT
- You provide expert-support to the client and the internal stakeholders in the resolution of “level 3” issues, in relation to the instruments, their valuation and initial margin calculation, or the service setup:
- Analysis of valuation discrepancies (in variation or in relation to a benchmark)
- Adjustment of the valuation setup if necessary
- Explanations to the client / internal stakeholders
- Participation to service reviews and due diligences
ONBOARDING
- You steer the onboarding of clients in our OTC Valuation and Margin Calculation setup with the other stakeholders (Client Delivery, IT…)
BUSINESS AND OPERATING MODEL MANAGEMENT
- You manage the framework of the activity:
- Definition and maintenance of new operational processes
- Improvement/optimization of the Global Operating Mode
- Implementation of quality controls (Service Quality and Performance Monitoring)
- Revenues and Expenses control
MANAGEMENT SUPPORT
- Implementation and coordination of the Product Control Framework (Risk and Control Self Assessment, NAC conditions,…)
- Coordination of Change Management framework
Profile and Skills to Success
- At least 3 years of relevant experience in capital market activities/instruments (ideally in Middle/Back-office services in a bank and/or institutional investors)
- Knowledge in capital market instruments (ideally OTC derivatives, and in front-to-back processes including valuation, trade lifecycle, collateral management processes)
- Fluent (C1-C2) level of English
- Analytical skills
- Good communication skills (both oral & written)
- Good inter-personal skills
- Ability to build strong relationships with partners and clients
- Attention to detail / rigor
- Motivation
- Ability to work under pressure
- Skills in Excel (namely in pivot tables and VBA)
#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 of 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.
