Wealth Management Transactions Team Trainee

About the job
Since 2015, BNP Paribas Wealth Management has a competences center in Lisbon, the Portugal International Markets Hub (“PIMH”). This center manages certain activities for the International Markets (“IM”) sites of BNPPWM namely Switzerland, Luxembourg, Germany and Monaco. 

BNPP Wealth Management operations teams are currently growing in Portugal, and this is a very interesting opportunity to join the growing PIMH family as a SECURITIES TRANSACTIONS - EQUITIES&FUNDS Team Leader.

Your main activities are

Being part of the Securities Transactions Team, you are required to manage the daily tasks of the activity such as, and not exhaustively:

• Accounting transactions and settlement management.
• Assure the appropriate management of all transactions received to be accounted on the clients’ portfolios.
• Ensure the correct prioritization and risk management considering dates, amounts and client’s classification (VIP).
• Analyze all operations since the set up in order to pro-actively manage any error or potential risk. Communicate with another team or the RM if necessary to clarify.
• Check and match traded operations with the confirmations received from Counterparties or Custodians
• Ensure the correct booking in internal systems on the client’s portfolio, with minimum error.
• Send the settlements instructions to our different custodians according with the instructions received from the different counterparties and markets.
• Assure the correct follow up through the reconciliation tool of pending operations in the market, to be settle on the value date. Ensure the proper actions are done when needed to avoid settlement delays. 
• Ensure the payments are done considering the currency cut-off.
• Follow-up personal and Team's mailbox to ensure correct prioritization and treatment.

Activity Controls:

• Ensure the activity controls allocated are properly done, with rigor and according to the procedures.
• Manage breaks and ensure they are identified and justified more detailed and accurate as possible. 
• Ensure that all evidence is kept in the proper folders, available for permanent control.
• Ensure cash and securities positions reconciliations by comparing custodian reports and statements, and the extractions from the internal system (Derivatives).
• Ensure cash outstanding are properly justified and all the necessary actions are taken on duly time to close them.

Behavioral Skills

• Ability to collaborate / Teamwork: beginner
• Client Focus: beginner
• Ability to deliver/Results driven: beginner

Transversal Skills

• Analytical Ability: beginner

Languages

• English (Fluent)

Tools and Methodologies

• Office pack

Experience, Academic Background & Other Qualifications

Academic Background

• Bachelor Degree (Economy, Finance, Management)

#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 centres 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.