Business Overview:

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rate, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments and supranational organizations.

Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies. Their global network comprises more than 3,000 professionals working on our six main trading floors in London, Hong Kong, New York, Paris, Singapore and Tokyo. They are supported by regional offices throughout Europe, the Americas, Middle East and Asia-Pacific.

This position is located in Chesterbrook PA and we are in a Hybrid work environment.

• Physical presence in BNPP’s office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role will be hybrid, consisting of an in office and remote working component.

Candidate Success Factors:

Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Impacts division and influences peers and team
  • Demonstrates good judgement when making decisions of high complexity and impact
  • Relies on limited guidance for most complex decision making
  • Is responsible for driving outcomes which have meaningful effect on team or department
• Leadership and Collaboration
  • Creates trust with department leaders
  • Acts in leadership capacity for large projects, processes, or programs for a team
• Client, Customer and Stakeholder Focus
  • Able to build relationships with a mix of intermediate and senior colleagues or clients
  • Interacts regularly with management and department leaders
  • Demonstrates the ability to persuade and influence stakeholders at the team level
• Compliance Culture and Conduct
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards

Responsibilities:

The FXLM Trading Assistant’s main role & responsibilities fall into three main categories:

• Risk/Position Monitoring and Deal Capture
  • Monitor positions and risks for accuracy throughout the day. Ensure trades are booked accurately and timely to avoid risk outages and incorrect risk representation. When outages are identified, ensure timely and accurate resolution and escalate issues to trading and sales desks.
  • Establish, perform and maintain a proper control framework:
  • Create and maintain a control framework within the PCM Front Office Support team. Where required, after having performed an impact analysis, adapt and implement changes to the team control framework to respond to new laws and regulation.
  • Maintain proper documentation of the FXLM Front Office operational processes.
  • Monitor the various error monitors and task stations to ensure all trades feed properly through the systems. This includes performing front office to back office systems reconciliations and resolve any discrepancies.
  • Perform front office to back office systems reconciliations and resolve any discrepancies.
  
  

• Analytical and Operational Support to FXLM Sales and Trading Desks
  • Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met.
  • Follow-up with relevant departments to ensure all aspects related to post-trade processing, (incl. trade confirmations, Risk/P&L, clearing and settlements) are successfully handled vis-à-vis of the clients.
  • Resolve all internal queries from the Sales and Trading desks or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
  • Processing of post Trade Processes (Fixings, Novations, Rate Contributions, NPV’s, Early Terminations and Option Expiries).
  • Maintain proper documentation of the FXLM Front Office operational processes.
  
  

• Process & Client Services Improvements
  • Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
  • In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
  • Improve FXLM IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.
  
  

Minimum Required Qualifications:

• Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
• Minimum of Two years of experience in a Front or Middle Office Trade Support role within Global Markets supporting Foreign Exchange and Local Market Rates Transactions.

Preferred Qualifications:

• Demonstrated knowledge in Foreign Exchange (Flow and Options) and Local Markets Rates and its industry infrastructure.
• Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for FXLM transaction products; including Spots, Forwards, Swaps, NDF’s, Options, Exotic, IRS, and CDS.
• Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
• Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
• Knowledge of system architecture (front to back workflow, pricers and risk management systems) for FXLM products.
• Demonstrated commercial and collaborative attitude.
• Excellent communication skills (both written and verbal), including in client communication.
• Analytical mindset and problem solving.
• Very strong multi-tasking capability.
• Attention to detail.
• Ability to work well under pressure.

FINRA Registrations Required:

• Series 7 and 63 – we will help you obtain

About BNP Paribas:

In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.

BNP Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.

The bank employs over 3,500 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.

We’re a company with a purpose — to be a responsible and sustainable global leader — and we aim to create the kind of environment where our employees feel empowered to drive change and to make an impact. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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