About the job
The OTC DERIVATIVES trade support officers are in charge of ensuring the proper booking and settlements of Interest rates derivatives Operations for FI activities worldwide and ALM Treasury global activities booked in Murex (clearing, custody, corporate actions) in compliance with internal procedure and external regulators.
Within the OTC Derivatives Fixing Team you will handle interest rates for OTC derivatives in collaboration with the others trade support teams in Paris and trading room operators.
Your Main Activities Are
Monitor daily fixing of OTC rates derivatives for capital market operations
Control the daily update of market rates on behalf of Front Officers using official rates published by Reuters, Bloomberg and Central banks
Participate to the creation of new rates in collaboration with Front Officers and IT teams
Create excel spreadsheets for the calculation of exotic rates (inflation, power dual, ratchet, range accrual)
Solve interest discrepancies before payment date and participate to the investigation of payment incidents
Monitor and reprocess fixing advices when necessary
Contribute to projects increasing the automation rate and improving the quality of services
Profile and Skills to Success
Degree in Finance, Economy or Management
0-3 years of experience in Capital Market Back Offices
Knowledge of rate derivatives products and operation processes
Proficiency in computer skills, particularly in the use of Microsoft excel, knowledge of VBA is a plus
Fluent in English
Knowledge of French is a plus
Knowledge of financial mathematics is a plus
Control oriented profile with strong analytical and problem solving skills
Proactive, motivated and willing to absorb new concepts in a challenging environment
Rigorous, well-organized with a structured and logical approach
About the Team
BNP Paribas Fixed Income business is made up of over 2,000 people around the world. It is one of the leading market participants in the Fixed Income world.
It offers a broad set of client products : Interest rates, credit & foreign exchange.
OTC Derivatives Fixing team is asked to intervene on rate fixings at the request of FO or in some cases PCA. These requests must be considered from a critical angle, considering the fact that they will impact the position in place.
In particular, it is recalled that any modification or cancellation of a transaction beyond T + 2 - on the initiative of a trader - must be duly explained in writing and the trader's management must be informed.
Trade Support should at all times exercise a critical sense of the explanations provided.
Like all operations members, OTC Derivatives Fixing team implements the necessary elements to :
Minimize operational risks and fraud risks by putting in place the regular and sufficient controls inherent to its position (reporting to relevant teams when needed)
Escalate to his management, the management of the Front Office and / or permanent control the problems identified.
Why joining BNP Paribas?
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.
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.
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.
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