structured credit trading analyst Front office
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.
Department Overview: “Primary and Credit Markets” (PCM) within Global Markets
BNP Paribas PCM is responsible for the primary (new issuance) and secondary trading of corporate (fins and non-fins) debt and related instruments such as CDS, indices, options and structured products. It comprises different roles such as syndicate, debt capital markets, trading, sales, structuring and desk analysts.
The Team: “Structured Credit Products” Desks
The Credit platform provides an added value service on Credit markets to our institutional client.
The Credit Trading Exotic is providing a wide range of product to clients ranging from single name structures (such as CLN, repackaging of Bonds and bond options) to more complex portfolio transactions (such as CLO, CDO, FTD and skew trades). Desk also provides secured funding solutions to our clients
The ABS & CLO Market Making Desk is focusing on the market making of Asset Backed Securities and CLO’s.
The team in Lisbon will be supporting the Structured Product Desks in their reporting activities and participate in the daily routine of the London desk:
P&L reporting: Interact with traders and prepare and produce a Front Office P&L explain each day;
Run Credit Exotics Risk reports: Understand the impacts of new trades and the convexity of the position according to defined rules;
Lead ad-hoc initiatives contributing to the enhancement of the Trading platform: Work on tools to monitor our various products. Work on some analysis on the behaviour of specific products. Interact with IT and Quantitative team to develop necessary tools;
Handle other tasks that are part of the mandate of the Structured Credit Team (Booking on behalf of and follow up on post-trades bookings, Credit Event management,…);
Provide support to manage the setup of valuations of Structured Credit Notes and monitor valuations, investigate and check for discrepancies in comparison to the guidelines/benchmarks provided by the desk;
Static Data check and Maintenance: Help setting up bonds in the system based on the ABS CLO Market Making desk guidelines. Support on Data analysis on specific ABS and CLO;
Monitor Risk report completion for the desk and produce information report;
Run ad hoc reports for Credit Exotics or ABS CLO Market Making.
Master’s degree level in Finance or Mathematics (Engineering bachelor will be a plus);
Preference for 1-3 years of relevant professional experience or graduates with finance background;
Analytical and quantitative skills;
Excellent knowledge of Excel ;
Ability to process large amount of data and make extractions from various systems
Ability to communicate clearly in both oral and written form (in English)
Precision and rigorousness
Reliability and capacity to deliver
Autonomy and proactivity
Team spirit and ability to work with others
Knowledge of programming languages (VBA, Python, R, SQL, ,etc.) or strong interest to learn
A period of up to 5 months training in London is envisaged at the beginning of the role in order to become familiar with the tasks, systems;
Strong daily interactions with the quantitative and engineer profiles;
Becoming an expert over the whole range of financial products and their behaviours;
Leveraging on mathematics and programing skills to carry out different analysis.
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.
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.