Business Overview:
BNP Paribas’ Global Markets (GM) business offers a broad range of products and services in the global interest rate, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments and supranational organizations.
Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies. Their global network comprises more than 3,000 professionals working on our six main trading floors in London, Hong Kong, New York, Paris, Singapore and Tokyo. They are supported by regional offices throughout Europe, the Americas, Middle East and Asia-Pacific.
BNP Paribas’ Financing Solutions (part of Global Banking business) supports its clients as a strategic product partner in debt origination, structuring and execution. Through the coordinated efforts of the Corporate Debt Origination, Structured Debt Origination and Trade & Treasury Solutions groups, Financing Solutions works with colleagues in Coverage, Advisory and Global Markets. Products include corporate loan and bond origination, structured and leveraged finance for specialized industries and trade & treasury based solutions.
To integrate and enhance its credit activities, which are central to BNPP CIB strategy and growth, BNPP has a business unit called Global Credit Markets Americas (GCMA) bridging Global Markets (Global Credit) and Global Banking, consisting of Financing Solutions and Primary & Credit Markets. This unit integrates all primary origination, financing & syndication and secondary sales, trading & research activities across all CIB credit products into one platform. This will drive synergies between Global Banking and Global Markets from origination to distribution and make CIB a more effective solutions provider for clients.
Candidate Success Factors:
Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:
The Analyst EQD Sales Assistant’s main
role & responsibilities
fall into three main categories:
Risk/Position Monitoring and Trade Execution
- Develop and understand how to monitor trading positions and risks for accuracy throughout the day.
- Coordinate Novations with EQD Sales Desks to ensure deals are properly reflected in Risk.
- Send pricing and Indications to specified clients.
- Analytical and Operational Support to EQD Sales Desks
- Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met. Ensure term sheets are properly drafted and trade recaps sent to clients for deals.
- Follow-up with relevant departments to ensure all aspects related to post-trade processing, (incl. trade confirmations, Risk/P&L, clearing and settlements) are successfully handled vis-à-vis of the clients.
- Resolve all internal queries from the Trading/Sales desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
- Develop understanding of Post Trade Processes (Corp Actions, Succession Events, and novations) to be able to fully support each request.
- Improve EQD framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.
- Maintain proper documentation of the EQD Front Office operational processes.
Process & Client Services Improvements
- Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
- In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
- Improve EQD IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.
Minimum Required Qualifications:
- Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
- Minimum of two years of experience in a Front or Middle Office Sales Support role within Global Markets supporting EQD Transactions.
Preferred Qualifications:
- Demonstrated knowledge in EQD Structured/Secondary Markets and its industry infrastructure.
- Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for EQD Structured products (Callables, Buffers, Protected Notes)
- Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
- Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
- Good knowledge of system architecture (front to back workflow, pricers and risk management systems) for EQD products.
- Demonstrated commercial and collaborative attitude.
- Excellent communication skills (both written and verbal), including in client communication.
- Analytical mindset and problem solving.
- Very strong multi-tasking capability.
- Attention to detail.
- Ability to work well under pressure.
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
The expected starting salary range for this position is between $85,000 to $100,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
This application will remain open until a candidate has been selected for the role. There is no specific application timeline.
About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
