The bank for a changing world

We are looking for

Equities Drafting Analyst

Apply REF: 1907GMOCM2989
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

The officer 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.

Its Primary responsibilities are :

  1. To perform day-to-day trade confirmation drafting
  2. 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 standards.

Also in the light of EMIR regulation, the target is to match all confirmations within one day.

Confirmation Drafting/Execution:

To draft confirmations with counterparts for wide range of Products including Vanilla Options, Equities Swaps, Variance Swaps, Knock-out Forwards, exotic swaps, exotic options etc.

  • To perform final verification of the trade economics before sending the final confirmation to counterparts
  • To support secondary events during the product life cycle such as Novation, Early Termination, etc.
  • To closely comply with EMIR, FED and Dodd-Franck regulation
  • To chase external counterparties when it is needed, to follow up any type of amendments requests

Contributing Responsibilities

Continuous Control & Improvement:

To update 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 managers
  • Contribute to the Permanent Control framework

Projects

  • Participate to global projects related to any Documentation processes improvements.

  • Participate to the automation/improvement of the auto-drafting

  • Active follow up on updating procedures of Documentation processes.

PROFILE

  • Strong Equity derivatives products knowledge including the front to back workflows, product event management

  • Strong knowledge about ISDA and confirmations processing

  • Strong knowledge about EMIR and Dodd-Franck requirements

  • 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.

    Being able to bring out-of-the box solutions to continuously improve dispatch and execution timeline

  • 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.
Primary Location: PT-11-LisbonJob Type: Standard / PermanentJob: FINANCIAL AND TECHNICAL EXPERTISEEducation Level: Not indicatedExperience Level: Not IndicatedSchedule: Full-time Behavioural competency: Ability to synthetize / simplifyTransversal competency: Analytical Ability