FX Currency Hedging Analyst

About the Job 

• The analyst will be within the Market Financing and Overlay Services (MFOS) department. He will be working with the team in charge of the Passive Currency Overlay Management (PCO) or known otherwise as “Share Class & Asset Hedging”
• Our activity consists in:
• Production Management on behalf of our existing clients : Market data reception and analysis, hedge calculations and FOREX executions
• Management of the On Boarding process for both new prospects and existing clients, new and additional business 
• Constant enhancement and upgrade of the production process through periodic launches of new functionalities 
• The candidate will demonstrate technical knowledge and critical thinking in a dynamic and fast paced environment. He will be trained on the Passive Currency Overlay business activity, discovering the fund industry, while learning about our business, positioned at the heart of market finance. He will also focus on building communication skills to service clients and answer their queries  

Your Main Activities Are

• Your missions will be mainly focused around the Passive Currency Overlay daily production process and client service. The main tasks are the following: 
• Ensure delivery of the daily production 
  1. Control, analyse & validate the data received from clients provider (Transfer Agent, Fund Accountant)
  2. Launch and monitor the automated order generation process in application of the client hedging guideline
  3. Control spot, forwards and swap orders generated by the system and investigate in case of warning 
  4. Follow-up on order transmission with appropriate desk; either BP2S desk as principal or client execution desk.  Follow-up post execution and accurate booking in the PCO Platform
  5. Launch and deliver client reporting 
• Monitor and maintain the PCO Risk control plan
  1. Control client credit risk limit and liaise with client management to request limit increase when necessary
  2. Ensure Global all controls of PCO control framework are done in a timely and effective manner 
  3. Participate in constant tools enhancement and renewal by maintaining macros and VBA tools
• Participate to PCO Team activity
  1. Participate to the different team meetings  : 
  2. Participate to the continuous training process to ensure skill sharing across the team 
  3. Contribute to the identification of improvement areas, suggest and follow up action plan to reinforce the PCO tasks and the control framework
  4. Participate to the preparation of new client on boarding in relation with the structuring team. 
• Engaging in different transversal projects
  1. Projects can be diverse in terms of topic, duration or scope or skills
  2. Ex: FOREX Credit Risk Management, Client Reporting support, Macro tools and coding enhancements, Client service enhancement, new product implementation… 
  3. Project selection will be done in close cooperation with your manager and will depend on your skills and areas of competence.
• Client servicing
  1. Answer clients’ questions and requests
  2. Accompany PCO clients in enhancing hedging service quality

 Profile and Skills to Success

• Bachelor's degree in Finance or similar
• Knowledge of Market Finance
• Up to 2 years of relevant professional experience
• Advanced English level
• Proeficient of Excel 

• Confident and able to deal with senior managers & cross cultural teams
• Willingness to work flexible/ late hours, i.e., New York based schedule
• Ability and agility to work under pressure

#LI-Hybrid

Why joining BNP Paribas? 

· Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

· Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centers providing value-added services to various countries where the BNP Paribas Group also operates.

· International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: 

• Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines; 
• Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services; 
• Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

· Diversity and Inclusion commitment

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/paternity, 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.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices. 

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* 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.