Prime Brokerage Cass Coordinator

#Capital Markets #Prime Brokerage #Product Development

About Global Markets

• Global Markets is BNP Paribas’ capital markets business within Corporate & Institutional Banking (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutional, corporate, private banks and retail distribution networks. Our Portugal Platform (Porto and Lisbon) is a major HUB in Europe and certainly unique in the country by its size and its scope of activity, with all Front Office roles present (Trading, Sales, Research, Structuring, Quant & Engineering, Business Dev and Support, Marketing & Client Support, Risk Management, Data Analytics and Machine Learning…). We are growing fast with the ambition to become even more relevant for the worldwide activity, which presents many short and long-term opportunities
• Check out our VIDEO and get a glimpse into our world

About the Job 

• The Client Asset Protection (CASS) Coordinator is responsible of assisting the relevant SMF (Senior Management Function) and SHF (Senior Harm Function) in discharging their duties. Within the course of Prime Brokerage activities, BNP Paribas London Branch is subject to UK Client Asset Protection (CASS) and AMF custody rules (derived from MiFID)
• The CASS Coordinator reports functionally to the SHF responsible for CASS and locally to specific reporting line

Your Main Activities Are

• Governance (management information and reporting)
  1. Prepare, organize and minute the monthly oversight committees
  2. Update key governance documents (e.g., CASS Resolution Pack) in a timely manner and ensure appropriate controls are in place to be made aware of necessary changes
  3. Periodically update the regulatory control plans (e.g., CASS risk framework) with the relevant internal functions
  4. Assist with the review all relevant policies, procedures and terms of reference periodically
  5. Validate the CMAR report or equivalent on a monthly basis
  6. Maintain the CASS SharePoint intranet site
• Controls Oversight
  1. Review the daily breaks reports and follow up on any potential incidents with Operations and relevant internal partners; escalate potential breaches in a timely manner as per the incident escalation procedure
  2. Ensure that the CASS incident log is up-to-date, complete and fit for purpose
  3. Follow-up all incidents to ensure that there are appropriate remediation measures in place
  4. Monitor potential shortfalls
• Advisory and Projects (testing, monitoring and audit management)
  1. Drive the changes around client asset regulation and internal set-up with relevant internal partners
  2. Keep a regulatory and industry watch together with legal and Compliance partners
  3. Assist in statutory audits and any other internal or external audits in the Client Asset Protection area
  4. Maintain the required level of awareness regarding client asset protection within BNPP staff (in particular by taking an active part in preparing and deploying training and monitoring attendance / completion levels including in person training)
  5. Assist review the periodic on-line training program

Profile and Skills to Success

• Bachelor’s degree in Finance or similar area
• Between 3 and 5 years years of relevant experience in banking sector or Audit
• Fluency in English is mandatory (only applications in English will be considered);.
• Good understanding of client asset protection regulation and of the practices in this area
• Proeficient in Office package (Excel and Powerpoint

About the Team

• BNP Paribas Global Markets' Prime Services business unit is one of three main sub-business units within the Global Equities division. Our team combines the strengths of traditional Prime Brokerage services with the innovative spirit of the Equity Derivative franchise. This unique combination enables us to anticipate client needs and develop effective solutions to the challenges they face
• Within Prime Services, our PB CASS (Client Asset Sourcebook) team ensures that the firm is adequately meeting its responsibilities and obligations with regards to client assets as specified by the CASS regulation. The team works closely with other areas within the business, such as securities lending and product development, as well as with transversal teams such as Operations and Technology

#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 centers 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.