BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.
Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.
Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
- Being a great place to work
- Committed to sustainability and having a positive impact
- Being dedicated to the development of our people
Business area
Securities Services is a leading global custodian and securities services specialist that provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. MFS business line of BNP Paribas Securities Services acts as a central actor in the provision of financing and liquidity solutions for the BNP Paribas Securities Services client base. We notably offer:
- Securities Lending and Repo services: Agency Lending and Financing & Collateral Services (ex-principal lending) for asset classes of government debt, corporate bonds, equities, and ETFs. Financing & Collateral Services also includes a fail coverage programme for local custody clients.
- FX and Passive Currency Overlay (PCO) services are key products in our offer. Including automated netting services, on demand FX execution services, passive currency overlay services including the identification of currency risk, the calculation of FX exposures and hedging adjustments, the execution of transactions and monitoring cash flows.
- Financing Solutions: solutions that maximize the use of securities while maintaining access and movement to cover trading obligations. Clients benefit from global credit facilities to cover funding needs including failed settlements and on-exchange margin calls. Solutions include FoHF Financing, Committed Overdraft and Assets Based in Custody (ABC) Financing – incorporating UK Investment Trusts.
- Triparty Collateral Management: supporting a range of market activities including securities lending, repo, financing, and derivatives.
Job purpose
- Securities Lending and repo and investment strategies whereby investors make short term loans of their securities or cash to generate incremental revenues from their portfolios
- The Trading Desk Assistant will be responsible for the day-to-day management of recalls, returns and timely response to queries from varying channels including clients, borrowers and internal stakeholders in order to facilitate Agency Lending to meet our client needs
Key responsibilities
The purpose of the role is primarily to ensure securities lending provides a high level of customer service, ensuring costs to the business are minimal through timely processing and settlement of client sales.
Key Responsibilities of the role:
- Ensure recalls are issued in line with client sales and enact follow-ups to ensure timely settlement
- Anticipate, follow up and monitor highly sensitive trades in coordination with respective teams (recalls, fail coverage, large trades, etc.).
- Ensure effective co-ordination of Global desks located in Hong Kong, Sydney, London and New York with respect to recalls and returns
- Book instructions as required by clients and borrowers, such as returns and recalls
- Review and follow up of failing trades with settlement teams and support in getting any these issues resolved in good time
- Act as liaison between trading and operations to identify and reconcile breaks and assist the trading desk in meeting their revenue targets
- Issue periodic recalls for proxy voting, AGM/EGM requirements, and/or for client specific restrictions
- Maintain, send and complete accurate reporting as in line with product direction
- Maintenance of automated Applications and platforms for returns
- Keep procedures up to date adding anything new when required
- Assist in the booking and rebooking of trades that are not sent to the market to adhere to SFTR guidelines and matching
- Identify and implement improvements to procedures, processes and product development
Key internal stakeholders
- Operations – Settlements, Exposure, Statics, Billing & Reconciliations
- Corporate Action & Income
- Product Control, OPC
- Global Custody
- IT / WEAL Business analysts
- Business Development
- Product Development
Key external key stakeholders: (Securities Lending):
- Securities lending counterparts – investment banks, broker-dealers, market makers.
- Clients of BNP
Requirements
Essential:
- Strong communication skills
- Initiative to improve and develop existing processes
- Ability to work under pressure in a small team environment
- Attention to detail
- Securities lending Middle and/or Back office experience
Desirable:
- Advanced Microsoft Excel and Office
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
- Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
- Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
- Key onsite services and facilities in Scotland – include free monthly massage and yoga, mental health first aiders and seasonal flu vouchers.
- Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
- Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
- Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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