BNP Paribas is a leading European bank with an international reach. It has a presence in 72 countries, with more than 202,000 Employees – including more than 154,000 in Europe and over 5,000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Worldwide, the Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
ROLE AND RESPONSIBILITIES
will be in charge of handling OTC confirmations drafting and execution liaising
on a daily basis with sales, trading, front office support and legal team. The selected candidate
will be in charge of liaising with external clients on a daily basis to ensure
the good execution of all confirmations of its own portfolio.
responsibilities are :
- To perform day-to-day trade confirmation drafting
- To follow up any discrepancies with all the related stakeholders such
as Trading, Sales, Operations & external counterparties, to ensure all
can be tackled within a timely manner.
The team works
closely with other Trade Support teams and Trading to ensure timely
communication for any breaks identified, and with worldwide legal teams to
produce accurate confirmations in line with BNPP elections and with ISDA
Also in the light of EMIR regulation, the target is to match all
confirmations within one day.
confirmations with counterparts for wide range of Products including Vanilla
Options, Equities Swaps, Variance Swaps, Knock-out Forwards, exotic swaps,
exotic options etc.
perform final verification of the trade economics before sending the final
confirmation to counterparts
support secondary events during the product life cycle such as Novation,
Early Termination, etc.
closely comply with EMIR, FED and Dodd-Franck regulation
- To chase
external counterparties when it is needed, to follow up any type of
Control & Improvement:
confirmation templates according to Legal, Sales, & Trading requests or due
to resolution of financial/legal issues
- To participate in Industrial Forums such
as ISDA Working Group meetings to keep updates for ISDA confirmation
templates, and follow up on other Industrial initiatives such as Dodd
Frank Act, EMIR, etc.
- To closely monitor the trade volumes and
outstanding confirmations and escalate issues/concerns to the line
- Contribute to the Permanent Control framework
global projects related to any Documentation processes improvements.
Participate to the
automation/improvement of the auto-drafting
Active follow up on updating procedures of
Strong Equity derivatives products
knowledge including the front to back workflows, product event management
Strong knowledge about ISDA and
Strong knowledge about EMIR and Dodd-Franck
Strong MS and programming skills
(VBA, Excel, Access) would be a significant plus.
Organized & good resistance to
stress: drafting on the fly, matching on T+1, complying with EMIR regulation is
a daily mandatory constraint. Being able to absorb important volume of
confirmation to draft
Attention to detail: the
confirmation is the ultimate document which bind the bank with the
counterparty, 100% correct is non-negotiable
Innovation and initiatives (Think
“outside the box”): Demonstrate willingness to constantly improve the status
quo. Understand well the processes in place and evaluate if needed, alternative
options to do things better with a cost - benefits / ROI approach.
able to bring out-of-the box solutions to continuously improve dispatch and
Self-discipline & autonomy: Each
team member has its own portfolio of clients, which need to be managed
efficiently. Ability to work on its own with little supervision.
Adaptability & Change Management:
Ability to easily adapt to new situations (new booking systems, new products,
new activities to manage…) as this is a constant changing environment
Strong Client Focus: Client is at
the center of all our concerns. All team members are in touch on daily basis
with clients from its portfolio. The balance between EMIR regulation and
client’s satisfaction is a constant challenge. Being able to implement a strong
and effective relationship with counterparties, in order to meet as much as
possible regulatory requirements
Escalation & Reporting
process: all team members need to closely follow escalation rules in place with
all different stakeholders. This is only thanks the strictly compliance to
those rules that we can achieve EMIR targets. Being able to efficiently raise
to manager issues encountered on a daily basis, even if those are not
forecasted in existing processes
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.
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, 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.