Position Purpose
The Agency Lending team provides asset owners and asset managers with securities lending services out of desks in Sydney, Hong Kong, London, and New York. The Agency Lending team acts as an agent for a variety of clients (sovereign wealth funds, asset managers, and other asset owners such as insurance companies and financial institutions including banks and credit unions). The main function is to lend securities for either cash collateral or securities as an agent for both custody clients and non-custody clients.
The Agency Lending Trader would play an integral role in the regional team with the primary function being to generate revenues by lending fixed income and equities to local and regional brokers. The Agency Lending Trader will work in a small regional team split between Sydney and Hong Kong while also having regular interaction with the team based in London and New York. Outside of lending securities the Agency Lending Trader will be required to work on internal projects which aim to optimize the trading setup as well as maintaining strong relationship with external brokers.
Responsibilities
The Agency Lending Trader will have responsibility for:
- Lend Equities and Fixed Income for Agency Lending Funds
- Maintain and assist in relationship management for brokers and counterparties
- Analyze data and processes and identify efficiency improvements, product or business development opportunities
- Managing the ‘recall’ lifecycle with both borrowers and operations
- Monitor Daily P&L
- Contribute to market commentaries and analysis
- Understand and work within regulatory parameters for Asia and recognize global regulation
- Preparation of the statistics, benchmarking, presentations
- Assist/create estimates for potential clients.
- Up-date the monthly statistics and analyze customer volumes for Agency Lending
- Assistance with ad-hoc data analysis and support for product and business development
- Assistance with projects around automation and efficiency improvements
- Assisting with cross training of the MFS Front Office with MFS Middle & Back Office teams
- May require flexible hours to support the Australian & NZ market or Asian markets
- Some travel may be required
- Interaction with Global AGL trading team, Operations, Client Management, Technical Sales Risk & Compliance
Technical & Behavioral Competencies
- The successful candidate will have a demonstrated ability with mathematics and a practical approach to numerical problems. Their attention to detail ensures that accuracy and timeliness are paramount to their decision making process
- In applying judgement, they consider operational risk and compliance factors ensuring that controls are conducted correctly and any issues are resolved and recorded properly and on time. Where escalation of issues is required, these are promptly escalated to ensure appropriate treatment is applied
- Their interpersonal skills allow them to work and communicate effectively with a larger number of internal and external parties that may have different backgrounds and focus
- They maintain an improvement focus, seeking to find and implement process or workflow efficiencies whilst ensuring any change or improvement meets compliance standards and operational risk requirements
- They demonstrate maturity and judgement in their place in the team, ensuring the effective day-to-day operation of the team and the achievement of team targets. This collaborative approach to the day to day workings of the desk is crucial
- They will be autonomous if needed and recognize that skills and training will be provided by a mixture of on-the-job training and building technical knowledge.
- Given the global nature of the activity and our organization as well as our client base, there may be a requirement for holiday coverage and flexible hours, in addition to some travel.
- BNP Paribas mandates the highest level of expectation in regards to conduct of its employees; we aim to be exemplary in the conduct of our business. In our everyday decisions and actions we aim to treat our clients fairly and promote market integrity.
Specific Qualifications (if required)
- Degree in Finance, Economics, Commerce or other quantitative discipline preferred.
- Numeric skills with keen attention to detail.
- Ability to analyse data and processes and identify efficiency improvements, product or business development opportunities
- Available in the evening for conference calls with Europe
- Strong Powerpoint and Word skills, Advanced Excel (filters, pivot tables, simple macros)
- Solution oriented, creativity, independent thinking, balanced communicator, able to adapt to different styles (cultural, business lines, working styles)
- Familiarity with Bloomberg would be a plus
- Prior experience in Securities Lending is desirable
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Decision Making
Client focused
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Ability to develop and leverage networks
Ability to manage a project
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 2 years
Other/Specific Qualifications (if required)
AFMA accreditation desirable
CFA or Master is Economics/Finance/Business desirable.
