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Wealth Management Trader for Execution Desk Team

Last update 29.01.2024

About the job

  • BNPP Wealth Management teams are currently growing in Portugal.  This is a very interesting opportunities to join the growing PIMH family a dealer for equities, ETFs, bonds, and listed derivatives
  • Starting Q3 2020, BNPP WM PIMH Execution Desk (“the Desk”) oversees executing, on the various authorised markets where the Bank operates orders from Wealth Management private clients on the following instruments
    • Equities & ETFs (>50’000 transactions annually)
    • Bonds (~20’000 transactions annually)
    • Listed derivatives (~15’000 transactions annually)

Your Main Activities Are

  • Provide high quality service on execution of client orders on equities, bonds, ETF, listed derivatives (and vanilla equity OTC derivatives for a limited number of clients) for BNP Paribas Wealth Management International Markets clients
  • Ensure monitoring of transactions’ processing and related risks involved in execution activities
  • Punctually represent the Bank in meetings with Brokers and, as the case may be, with clients
  • Execute orders for the Bank’s clients within laws and regulations applying to this activity (best execution, best selection, internal procedures, code of conduct, work ethics among others)
  • Ensure that all traded products are approved products for the Bank, and that transactions are executed with approved Brokers
  • Contribute to the night desk coverage for North American markets
  • Contribute to dealing coverage on selected local bank holidays, to ensure the desk’s execution ability on open markets
  • Know and apply relevant procedures in case of operational errors
  • Actively contribute to search for and selection of execution brokers
  • Ensure transaction control and execution of orders from Direct Access Clients
  • Contribute to the drafting of market comments prior to market opening, as well as newsflash related to major market events
  • Contribute to selected technical tasks (trading support, OMS), including evolution over time as required by clients and monitoring of related IT developments
  • Report issues and trading errors to local management as well as, where required, to the Advisory Management team
  • Act as a liaison with other functions: Middle Office, Back Office, Counterparties, among others

Profile and Skills to Success

  • Bachelor or master’s degree in finance or equivalent
  • Up to 7 years of experience in a similar position
  • Knowledge of financial markets and financial instruments
  • Analytical skills
  • Communication skills, verbal, written and listening in English. 
  • Analysis capacity, rigor and accuracy, dynamism, autonomy, organization, and responsibility
  • Ability to work under pressure and commit to deadlines
  • Interpersonal working relationships
  • Able to adapt to a fast pace and multi-cultural environment
  • Passion, tenacity, and resilience in an ever-changing environment

About the Team

  • The Wealth Management team operates on an 7:00-21:30 rolling basis. Some sophisticated private clients have a direct access to the Execution desk to place orders directly with a Trader
  • The team operate on all major markets (Asia, North and South America, Europe, among others)

#LI-Onsite

Why joining BNP Paribas?

· Leading banking institution

BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe's banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

· Our presence in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

· 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.

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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

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