Job Title: European Exchange Traded Funds Servicing Product Specialist
Business Unit: Securities Services
Contract Type: Permanent Contract
Location: Sandyford, Dublin
About BNP Paribas
At BNP Paribas, we center our values on what drives the company forward. Our driving forces are Agility, Client Satisfaction, Compliance Culture and Openness.
- Agility: we want to behave more simply to embrace useful innovation and digital transformation.
- Client Satisfaction: we believe that our success lies in being the customers' and clients' preferred choice.
- Compliance Culture: we believe in promoting clear rules to foster a strong culture of compliance and ethics
- Openness: we promote open-minded attitudes towards our stakeholders. We aim for everyone in Group to feel included, to have their say and be empowered
Our strengths are based off four key areas of Stability, Expertise, Responsibility and Good Place to Work
- Stability: we build upon our solid, long-term oriented management, our diversified and integrated business model and our international footprint.
- Expertise: we build upon our recognized and expanding knowledge of our teams.
- Responsibility: we build upon our culture of responsibility and integrity to ever better serve the interest of our customers
- Good Place to Work: we foster a stimulating workplace where people are treated fairly and with respect
Role:
BNP Paribas Corporate & Institutional Banking (‘CIB’) is a major participant in consulting and capital markets as well as financing for its clients. CIB’s main objective is to accompany its clients in the long term and support their strategy, while handling their financing and risk management.
Securities Services as a business line within CIB is the leading European custodian, specialized in custody and fund administration for financial intermediaries, asset managers and corporates. These client segments are reflected in the company’s organization by client lines: asset managers, asset owners, alternatives and financial institution & corporates. We are physically present in 21 countries around the world and currently have in excess of 10,000 employees.
A key area of continued growth for Securities Services is in the servicing of Exchange Traded Funds (hereafter ‘ETFs’). We anticipate asset managers will continue to focus on developing ETF products to meet market demands and in tandem with this we are looking to develop our services to be able to offer a unique, efficient and scalable platform and solutions for servicing the ETF ecosystem.
The ETF Solutions team is attached to the asset manager Client Line, with a structured governance for the project so that all teams and workstreams feed into the Global ETF Program structure. This allows for a collaborative working environment and ensures a transparent flow of information through the various teams.
The Product Specialist will be 100% dedicated to the BP2S Global ETF Pprogram and its delivery for the European market will be their primary focus. We are looking for a Product Specialist to provide expertise on the local needs of the ETF market in the international fund servicing centeres. They will work with various teams focused on developing and implementing client strategy, market evolution/analysis, delivery of our ETF platform, implementation of a European target operating model and the end client user experience (client, asset manager and authorised participants).
Key Responsibilities:
- Deliver an ETF product development plan and be a key member of the go to market strategy
- Be a key stakeholder in the application for annual budget requirements in the segment
- Work with other teams as part of the BNP Paribas ‘one bank’ model
- Be a subject matter expert for ETFs for both internal and external purposes
- Help guide the ETF program in BNP Paribas and create required documentation to support its efforts
- Create a European ETF strategy in coordination with Client Development and Client Delivery
- Provide regular updates to internal senior stakeholders on the ETF market and the program’s progress
- Lead our ETF strategy for external client and market specialists presentations and RFP responses for the European market
- Effective communication on behalf of the business line to other parts of the organization for what is required and be proactive in ensuring the product quality remains at the highest level to support our ETF Strategy.
- Provide expertise and input into both European and Global target operating models. This includes collaborating with global custody, fund administration, transfer agency and depositary operational and product specialist teams.
- Define, review and refine business requirements that meet the needs of the European market.
- Development of best practices and standards for the European market
- Identify product changes and adjustments and opportunities based upon user and market feedback
- Monitor industry trends and provide regular updates of changes in the European market
- Collaborate with other stakeholders within the ETF program team
- Develop relationships and credibility with other participants of the external ETF ecosystem
Expected deliverables
- Creation of European ETF Product Development Roadmap
- Creation of documents required for the ETF Program, including input for internal executive presentations and organizational governance
- Detailed workflows for key ETF topics such as the ICSD model
- Product vision and objectives in the European market
- Develop detailed service requirements and specifications to be used by client delivery and IT
- ETF knowledge sharing documentation and training materials
- Ongoing market analysis including updates on ETF Issuer trends, regulatory changes, and future product developments
- Materials for client presentations and active participation in industry events
Qualifications & Experience required for this role:
- Minimum seven years experience working with ETFs at a servicing agent or ETF Issuer
- Proven track record in delivery of product innovation and solutions in the ETF segment
- Self- starter and proven ability to work autonomously as part of a multi-location team
- Ability to match market developments and prioritization of ETF initiatives and budget allocation
- Deep knowledge of the European ETF and regulatory environment
- Team spirit and excellent communication skills
- Excellent organizational skills
Why Work with Us?
- We are the bank for a changing world and aim to build positive change together with our employees
- We are a team of passionate people who genuinely care about what we do and the impact our work delivers to our clients. We operate in a highly collaborative, open-minded environment that embraces innovation and creativity
- Our remuneration and benefits packages are generous, with competitive salaries, a discretionary bonus scheme, company pension contribution, comprehensive private healthcare packages, and numerous other benefits
- We have a genuine commitment to work-life balance throughout the whole organisation. We are also committed to equality, diversity and inclusion and actively promote equal opportunities.
- Development and mobility is actively encouraged. We are a learning company - there is real opportunity to grow, develop and expand your skills, experience and career path.
- We are a global company operating in over 60 countries with over 190,000 employees from over 150 nationalities. In Ireland we have approximately 500 employees across Dublin and Galway working in Corporate Institutional Banking (CIB) and BNP Paribas Security Services (BP2S) and Greenval.
Compliance Culture: We believe in promoting clear rules to foster a strong culture of compliance and ethics. We would expect any incoming member of staff to respect all financial security related legislation, including: anti-money laundering (AML); countering the financing of terrorism (CFT); international financial sanctions and embargoes (IFS); anti-bribery and corruption (ABC); KYC; ongoing client related data screening; and transaction monitoring. BNP Paribas have clear policies on these topics which all staff are expected to familiarise themselves with upon successful entry to the Group.
Equality and Diversity
BNP Paribas is an equal opportunities employer and proudly cultivates a diverse workforce. We believe that diversity of experience enhances our service offering to clients and leads to a better working environment. We encourage applications from the best candidates regardless of age, ethnicity, gender, gender identity, nationality, disability, sexual orientation, socio-economic background, parental and caring status, or religious belief.
By submitting your application, you agree to BNP Paribas completing a background check and screening in advance of any potential offer being made
