Prime Sales Trading Assistant- Associate

Business Overview:

Through our Global Equities and Prime Services franchise, BNP Paribas is committed to serving clients with a full suite of investor services, from trading to financing, clearing and custody. BNP Paribas has more than 30 years track record of developing innovative equity derivatives strategies. This combined with migration of Deutsche Bank’s Global Prime Finance and Electronic Equities businesses as well as the full acquisition of Exane, position BNP Paribas as a leading provider in Prime Services and Global Equities.

Candidate Success Factors:

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

• Responsible for driving outcomes, which have meaningful effect on team or department.
• Client, Customer and Stakeholder Focus:
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level.
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
• Creates trust with colleagues.
• Exercise appropriate autonomy in the execution and delivery of work.
• Able to build relationships with a mix of colleagues and clients.
• Acts in leadership capacity for projects, processes, or programs.
• Interacts regularly with management and department leaders.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Demonstrates the ability to influence stakeholders at the team level.
• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work.
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Demonstrates good judgement when making decisions of high complexity and impact.
• 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.
  
  
• Able to influence peers and team.
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.

Responsibilities:

We are looking for a motivated, driven, entry-level candidate to grow within our team and support the daily activity of the Prime Services Sales Trading desk responsible for Synthetic activity and stock loan requirements of our Prime brokerage client franchise. This client-facing role will also encompass the tasks of ensuring efficient and accurate transaction processing and appropriate risk management of the OTC options intermediation activity. The candidate will be responsible of monitoring and proactively resolving trade breaks on trade date, performing Risk checks to ensure all economic details are in line, ensuring all positions and P&L match between deal capture systems and settlement systems, escalating when needed all issues to Trading desk, Risk teams and Clients.

The candidate will be taking on the below responsibilities:

• Contributes to and leads the quick resolution of trade issues by liaising with various groups including Trading desk, Middle Office, IT, Risk teams as well as Clients.
• Adheres to deadlines and objectives.
• Ensures accurate trading position in Front Office system, daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss.
• Monitors and assists in event processing and have a full understanding of the life cycle of a trade (swaps and OTC option)
• Mitigates risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records.
• Raises and engages with the trading desk and relevant internal teams (product development, Ops, IT…) on new project initiatives designed to improve and streamline existing processes.
• Promotes an efficient dialog/discussion with our internal and external partners.
• Manages real time trade booking exceptions and client request with the trading desk, Risk and clients.
• Reconciles trading desk position and monitors overall delta positions, maintains communication with middle office, back office, Risk teams as well as clients to resolve any breaks and settlements issues.
• Monitoring and ensuring appropriate risk management by providing proper Trading desk support.

Minimum Required Qualifications:

• Flexibility to adapt to a new and changing environment.
• Fast learner, curious and eager to improve their skills set for professional growth.
• Attention to detail and accuracy is imperative.
• Strong team player, work well with the team as well as building relationship across the PB platform and our client franchise.
• Maintains high quality of customer service
• Strong interpersonal and communication skills is a must.
• Demonstrate critical thinking, able to analyze data, form judgement and raise efficiency opportunities.
• Ability to effectively listen and communicate.
• Strong academic background required.

Preferred Qualifications:

• Financial market knowledge of derivatives products including total return swaps, portfolio swaps, OTC options….
• 1 to 3 years of experience in sales, client facing activity and/or trading activity.
• Experience and/or training knowledge in coding.

FINRA Registrations Required:

The candidate will take the below Finra series when joining the team: series 7 and 63, then 57

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

The candidate will complete the NFA training when joining the team

SEC Security-Based Swap Dealer Associated Person:

The candidate will complete the SBSD registration when joining the team.

The expected starting salary range for this position in New is between $105,000.00to $200,000.00 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

About BNP Paribas:

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. 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. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

The bank employs nearly 6,000 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.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

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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