Structured Credit Products Trading Analyst
BNP Paribas Corporate & Institutional Banking
Lisbon, Lisbon, Portugal
há 6 dias

About the job

The team in Lisbon will be supporting the Structured Product Desks in their reporting activities and participate in the secondary market making activity by providing secondary liquidity for the desk with a size delegation up to 1M Euros :

You will have a period of up to 6 months training in our London offices (upon travel restrictions) is envisaged at the beginning of the role in order to become familiar with the tasks, systems.

You will have strong daily interactions with the quantitative and engineer profiles and became an expert over the whole range of financial products and their behaviours, while leveraging on mathematics and programing skills to carry out different analysis.

Your Main Activities Are

Day to day support of the London Desk :

  • P&L reporting : Interact with traders and prepare and produce a Front Office P&L explain each day;
  • Run Credit Exotics Risk reports : Understand the impacts of new trades and the convexity of the position according to defined rules;
  • Lead ad-hoc initiatives contributing to the enhancement of the Trading platform : Work on tools to monitor our various products.
  • Work on some analysis on the behaviour of specific products. Interact with IT and Quantitative team to develop necessary tools;
  • Handle other tasks that are part of the mandate of the Structured Credit Team (Booking on behalf of and follow up on post-trades bookings, Credit Event management, );
  • Provide support to manage the setup of valuations of Structured Credit Notes and monitor valuations, investigate and check for discrepancies in comparison to the guidelines / benchmarks provided by the desk;
  • Static Data check and Maintenance : Help setting up bonds in the system based on the ABS CLO Market Making desk guidelines.
  • Support on Data analysis on specific ABS and CLO;
  • Monitor Risk report completion for the desk and produce information report;
  • Run ad hoc reports for Credit Exotics or ABS CLO Market Making.
  • Structured Notes Buy back :

  • To provide market liquidity through market making Structured Notes by participating in the secondary buy back of Structured Notes
  • Be the single point of contact for secondary market making activity with a size delegation up to 1 million Euros
  • Develop a good understanding of the product and liaise with the London team on trade execution
  • Regularly check accuracy of pricing send to relevant systems
  • Report to London team small size trading executed on the defined perimeter
  • To book transactions, monitor, conduct follow-ups with Middle Office and Back office.
  • Profile and Skills to Success

  • Master’s degree level in Finance or Mathematics (Engineering bachelor will be a plus);
  • Preference for 1-3 years of relevant professional experience or graduates with finance background;
  • Demonstrates an understanding of Credit derivative / Structured products including valuation, pricing, applications
  • Develop a good understanding of pricing by taking into consideration the Bank’s franchise and relationship with the client
  • Analytical and quantitative skills - Good knowledge of Excel;
  • Ability to process large amount of data and make extractions from various systems;
  • Knowledge of VBA programing skills is favoured;
  • Ability to communicate clearly in both oral and written form (in English);
  • Accuracy and rigorousness;
  • Reliability and capacity to deliver;
  • Autonomy and proactivity;
  • Team spirit and ability to work with others.
  • About the Team

    BNP Paribas PCM is responsible for the primary (new issuance) and secondary trading of corporate (fins and non-fins) debt and related instruments such as CDS, indices, options and structured products.

    It comprises different roles such as syndicate, debt capital markets, trading, sales, structuring and desk analysts.

    The Credit platform provides an added value service on Credit markets to our institutional client.

    The Credit Trading Exotic is providing a wide range of product to clients ranging from single name structures (such as CLN, repackaging of Bonds and bond options) to more complex portfolio transactions (such as CLO, CDO, FTD and skew trades).

    Desk also provides secured funding solutions to our clients

    The ABS & CLO Market Making Desk is focusing on the market making of Asset Backed Securities and CLO’s.

    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 72 countries, with around 200 000 Employees including more than 150 000 in Europe.

  • Our presence in Portugal Present in Portugal
  • Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 6.500 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 : Domestic Markets and International Financial Services for retail banking and specialised financial services, and Corporate & Institutional Banking for corporate and institutional clients.

    In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

  • 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, 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.

    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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