About the job
- As part of Wealth Management (WM) within Investment & Protection Services (IPS), Credit Officers oversee credit operations of all Wealth Management clients
- In this scope, Credit Officers are responsible for the implementation of credit minutes, validation of cashouts, validation of short term loans, shortfalls and irregulars monitoring, and structured products analysis
Your Main Activities Are
- Input in the system new resolutions of Credit committees, it can be new credit lines, renewals, cancellations Derivatives monitoring
- Provide different reports according to the demands of each location
- Participate to the permanent improvement of the processes with daily suggestions
- Communicate with other back office teams, relationship managers and other WM entities
- Perform a manual analysis in order to determine its eligibility and correct FR of Structured Products
Profile and Skills to Success
- Bachelor in Economics, Finance or Banking
- Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)
- Fluent in English
- Availability for a 6 month internship
- Strong analytical skills
- Adaptability and proactivity, multitasking
- Ability to organize and prioritize high volume workloads
- Self-driven and organized
- Rigorous and reliable
- Strong interest and familiarity with financial markets and economic developments.
- Creative and problem-solving mindset
- Ability to contribute to meetings
- Ability to work with tight deadlines
About the Team
- The PIMH (PIMH = Portugal International Markets Hub) Credit Team, is part of Wealth Management. One of the key roles of the team is to analyze structured products and apply the financing ratio according to the financing norms
- A structured product is a non-traditional investment product which takes advantage of the modern financial instruments in order to obtain higher returns for the investors, according to the behaviour a given underlying (stock indexes, shares, forex rates, interest rates, CDS, among others)
- They are usually created/structured and issued by a Bank, with several possible combinations of underlying, maturity, levels of capital protection, payoff conditions, currencies, among others
- Structured products can be divided between
- Capital Guaranteed the capital invested is guaranteed
- Non-Capital Guaranteed: the capital repayment is totally dependent on the behaviour of a given underlying
- Because of its complex and tailor-made structure, this type of securities need to be correctly categorized in BNP Paribas systems, which are not able to automatically attribute to the structured product the correct FR according to the Financing Norms
- For this reason, the PIMH Credit Officer will perform a manual analysis in order to determine its eligibility and its correct FR
- This position will allow you to become a central player within the Credit scope for Wealth Management, which is an essential activity for the Bank, while providing you the opportunity to interact with other teams within Wealth Management, allowing you to
- Develop your network through collaboratively working with different stakeholders on a daily basis
- Develop or further your technical competencies regarding financial instruments
#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.
