Trade Management Insurance - Portfolio Manager

About the Job

• The Resource & Portfolio Management (RPM) Team is part of the Securitised Product Group (SPG), which combines all securitisation, insurance and other risk distribution activities within Global Banking EMEA, Capital Markets
• The Trade Management Insurance Portfolio Manager is responsible for the representation of Credit Insurance Policies in dedicated systems and the management of their cash flows (calculation, monitoring of premium, etc.) and for their correct regulatory Capital calculation in the systems, to achieve optimum Capital savings for the bank
• Acting as a point of contact between Syndicate, Business Lines, Insurers and Brokers during the life of a policy, as well as for regulatory reporting, the Portfolio Manager will develop expertise in Credit Insurance management and in regulatory Capital of the Bank
• The Candidate will analyse data to optimize Capital savings on managed transactions, identifying areas for improvement and implementing changes as needed and should have an interest in learning Python/SQL languages. The Candidate will also be key to ensure that all the contractual commitments related to Resources & Portfolio Management transactions are fulfilled

Your Main Activities Are

• Assist Credit Insurance Syndicate team in the following tasks:
  1. Contribute to the monitoring of insured amounts and participating in their monthly internal and external reporting within the deadline
  2. Create and update files in RPM tools
  3. Participate in the renewal of general insurance policies
  4. Calculate the amount of premiums due to insurers and ensure the timely payment
  5. Contribute to the monitoring of insurance premium payments within contractual deadlines, particularly by updating the relevant internal systems and maintaining dashboards
  6. Create new reports to respond to internal and external requests
• Calculate premiums and Fees:
  1. Calculate, across the entire Trade Management perimeter, the retrocession of premiums in the event of no claims (No Claim Discount) and the retrocession of brokerage fees (Brokerage fee rebate) and ensure they are returned without delay
• Contribute to the reliability of information flows and their control with GreenStars' operations team:
  1. Respect internal rules of conduct regarding the use of insurance
  2. Participate in documentation aspects
  3. Ensure the signing of syndication agreements by participating banks
  4. Provide technical guidance to the Syndicate team on operational aspects of syndication agreements, including drafting and reviewing agreements, and stay up to date with industry developments and regulatory changes
  5. Contribute to the monitoring of Master Risk Participation Agreements (MRPAs) signed with participating banks
• Managing the Regulatory Capital process
  1. Ensure the proper booking of guarantees that materialize the existence of an insurance policy
  2. Ensure RWA relief is properly represented in Bank’s capital systems

Profile and Skills to Success

• Master's degree in Engineering, Finance, Maths or Economics
• Between 3 and 5  years of relevant experience
• Interest in VBA, Python, or data analytics tools such as SQL
• Fluency in English both oral and written (mandatory)
• Advanced knowledge of Office package (Excel)

#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.