Job Description

ASSOCIATE \xe2\x80\x93 GLOBAL MARKETS - PS&F REPO SALES ASSISTANT (JOB NUMBER: COO000513)


Business Overview: The Associate - Repo Sales Front Office Support is responsible for client service and trade support functions, which include management reporting, trade processing, resolution of customers\xe2\x80\x99 discrepancies, controls and ad-hoc inquiries and investigations supporting the sales/trading. 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:

• Risk & Position Monitoring

o Monitor trading positions and risks for accuracy throughout the day. o Coordinate elective corporate actions with clients and Repo Trading Desk: monitor the positions up to the deadline, partner with traders on best election strategy for BNPP and the clients, then reach to the clients for their input.

• Analytical and Operational Support to Repo Sales/Trading Desk

o Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank\xe2\x80\x99s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met. o 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-\xc3\xa0-vis of the clients. o Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk\xe2\x80\xa6) on client transactions executed by Desk. o Request the creation of new financial instruments and new counterparties in BNPP Systems to the Operations Static Data teams. o Improve Repo IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient. o Maintain proper documentation of the Repo Front Office operational processes.


Minimum Required Qualifications: o Bachelor\xe2\x80\x99s degree or foreign education equivalent in Finance, Economics, or Mathematics. o Minimum of two years of experience in a Front or Middle Office Sales Support role within Global Markets supporting Secured Financing Transactions.
Preferred Qualifications: o Experience in developing and growing revenues with small client accounts. o Demonstrated knowledge in US Repo Markets and its industry infrastructure (Bilateral, Tri-Party, DTC, Euroclear\xe2\x80\xa6). o Demonstrated knowledge in trade booking, validation, market lifecycle events, and settlement/confirmation process for secured financing transaction products; including Corporate Bonds, Treasuries, MBS, ABS, and CLO securities. o Knowledge of Client KYC requirements and new account opening/creation process. Ability to liaise with clients and Back Office to ensure accounts and documentation are in good standing. o Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA\xe2\x80\xa6). o Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes. o Knowledge of system architecture (front to back workflow, pricers and risk management systems) for secured financing transaction products. o Demonstrated commercial and collaborative attitude. o Excellent communication skills (both written and verbal), including in client communication. o Analytical mindset and problem solving. o Very strong multi-tasking capability. o Attention to detail. o Ability to work well under pressure.
FINRA Registrations Required:

• Series 7 and 63 \xe2\x80\x93 we will help you obtain them if you do not possess now

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

• Not Applicable

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable

The expected starting salary range for this position in New York is between $115,000 to $130,000 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: 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\xe2\x80\x99 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 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.
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\xe2\x80\x99s 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 are a company with a purpose \xe2\x80\x94 to be a responsible and sustainable global leader \xe2\x80\x94 and we aim to create the kind of environment where our employees feel empowered to drive change, make an impact and be true to themselves. Diversity, equity, and inclusion (DEI) are integral to BNP Paribas\xe2\x80\x99 goals as a company. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by the work our employees do to foster a diverse, equitable and inclusive workplace through initiatives like our internal Employee Resource Groups.
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.

Primary Location

: US-NY-New York

Job Type

: Standard / Permanent

Job

: SALES DEVELOPMENT
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 5 years

Schedule

: Full-time
Entity : BNP Paribas CIB