The Securities Services business of BNP Paribas is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
We are currently looking for a:
HEAD OF PRODUCTION & CLIENT SERVICE – PASSIVE CURRENCY OVERLAY (H/F)
Context and Challenges
BNP Paribas CIB, a core subsidiary of the BNP Paribas Group, is one of Europe’s leading providers of custody services. The Luxembourg branch is a key hub, delivering high‑value‑added solutions such as securities custody, securities‑lending, fund administration, performance measurement, ratings, and bond‑issuance services.
To support the rapid expansion of this business, BNP Paribas is seeking a Head of Production & Client Service – Passive Currency Overlay (PCO).
Your Mission – Day‑to‑Day
As the leader of the PCO team you will guarantee the smooth, risk‑controlled delivery of daily production and client service.
Your key responsibilities are:
- Production Management – Allocate tasks, plan resources (including holiday coverage), and monitor performance and control quality, with a particular focus on Credit Risk.
- Operational Framework – Conduct Client Service Reviews, manage service deviations, and proactively propose process‑ and control‑improvements.
- Team Leadership – Supervise the PCO Front Officers, provide daily support, recruit and train new talent, and maintain the required capacity and expertise.
- Procedures & Contracts – Own the Business Continuity Plan, document all SLAs between entities, and uphold a robust risk‑management framework.
- On‑Boarding Coordination – Validate transition plans, sign‑off onboarding check‑lists, and ensure seamless hand‑overs with the structuring team.
- Conduct Governance – Apply the BNP Paribas Code of Conduct, monitor conduct risks, and ensure that conduct principles are consistently applied.
What You’ll Gain
Your working environment
The Managed FX & Overlay Solutions (MFOS) department offers a fast‑paced, international front‑office setting where precision, reliability and efficiency are the norm.
The culture is collaborative, supportive and encourages initiative, continuous learning, and teamwork.
Benefit
· Strategic front-office exposure: Direct insight into how global currency‑hedging and overlay strategies are executed at a top‑tier financial institution.
· Technical & analytical skill boost: Advanced use of Excel, VBA, Bloomberg and data‑analysis tools in a professional setting.
- Cross‑functional collaboration: Daily interaction with traders, TA & FA operations, risk and client‑service teams – perfect for honing communication and coordination abilities.
- Career: The experience is within the dealing room and in relation with fund operations, risk management, financial analysis or project management within BNP Paribas or the wider asset‑management industry.
- Personal development: Tailored mentoring, regular feedback and access to BNP Paribas’ global learning network.
Who We are Looking For
Professional experience and/or degree
· Professional Experience: +10 years in Asset Management, Fund Accounting, Middle Office or a Passive Currency Overlay function.
· Academic background: Bac +5 student from an Engineering school, University or Business school (preferably with a Market Finance specialization).
· Behavioural skills: Rigorous, organised, detail‑oriented; proactive problem‑solver; excellent communicator; comfortable working under pressure; curious and adaptable.
· Technical knowledge: Solid understanding of FX markets and instruments; strong proficiency in Excel (PivotTables, complex formulas) and VBA; ability to analyse and interpret financial data.
· Transversal abilities: Analytical & critical thinking; multitasking with high accuracy; appetite for continuous improvement and innovation.
· Languages: Fluent in French & English (written & spoken). Any additional language is a plus.
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.
In a changing world, diversity, equity and inclusion are key values for the well-being and performance of teams. At BNP Paribas, we want to welcome and retain all talents without distinction: this is how, together, we will build the innovative, responsible and sustainable finance of tomorrow.
