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Director – Client Rates and Billing

Last update 11.11.2024

Business Overview:

Global Prime Services Technology is seeking a Senior Technology Manager to drive enhancements to our Prime Services client billing platform, standardizing our rates management and enhancing our PnL tracking. 

This role will support our Prime & Finance platform, which is a specialized, cross-asset platform, providing full-service offering including Cash PB, Synthetics, Financing, and Margin. The long-term focus of the platform is on supporting activity growth targets set by the management, responding to the fast pace of client demand for new products and services, and compliance with new regulatory obligations. There are several strategic technology initiatives on the way to accelerate DevOps, Virtualization, and Cloud transformation, as well as adaptation of machine learning and artificial intelligence to deliver client offering. This role is crucial in ensuring the proper management of our client billing platform to meet the needs of our growing business stream.

Candidate SuccessFactors:

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: 

  • Oversight of all Client Billing initiatives across Prime Services
  • Consolidated governance for business and technology
  • Leading delivery teams across front office technology, quant research, Prime Services technology
  • Standardization of Client Rates and Billing methodologies. 
  • Awareness of key methodologies and technologies across project portfolio
  • Monitor and assess anomalies in the client billing calculations and reporting and recommend improvements.

Minimum Required Qualifications:

  • Proficiency in Cash Prime Brokerage and Client Pricing 
  • Strong understanding of Stock Borrow / Loan 
  • Strong understanding of Prime Brokerage industry client pricing trends.
  • Knowledge of the financial industry and markets
  • Knowledge of data management tools and technologies
  • Ability to understand and communicate technical concepts to non-technical stakeholders.
  • At least 10 years relevant experience.   

Preferred Qualifications: 

  • Strong understanding of various database systems and data storage technologies
  • Strong analytical skills to assess data requirements and translate them into effective solutions.

FINRA Registrations Required:

  

  • Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

  • Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

  • Not Applicable 

The expected starting salary range for this position is between $185k to $250k 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 65countries, 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.

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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