Passive Currency Overlay Officer
BNP Paribas
Lisbon, PT
há 2 dias

About the job

PCO (Passive Currency Overlay) Front Office team is offering Currency hedging services to its clients, to enable investors to invest in a non-base currency and track the pure performance of their underlying asset without getting impacted by currency variations.

This service is operated jointly from Luxembourg (hub for Europe) and Lisbon dual offices.

Following the business characteristic and client hedging guidelines, the Passive Currency Overlay Officer is in charge to put in place and manage an adequate level of hedging coverage by creating and maintaining forward positions.

To do so, officer actions and monitors the PCO processes following standardized calculation within the in-house developed platform.

Your Main Activities Are

  • Ensure delivery of the daily production Control, analyse & validate the data received from clients provider (Transfer Agent, Fund Accountant) Launch the automated order generation process in application of the client hedging guideline Control orders generated by the system Investigate in case of warning raised by the control process Control credit risk associated , request credit risk one-off approvals when necessary Follow-up the order transmission for execution by the appropriate desk;
  • either BP2S desk as principal or client execution desk Follow-up reception of the executed trades and accurate booking in the PCO Platform Launch and deliver client reporting Ensure full handling of internal or client’s queries Enrich and maintain the PCO client query log In case of incident, ensure end-to-end management of the incident process : Resolution, Communication & Action plan

  • Monitor and maintain the PCO platforms data Maintain, control and update client hedging guideline in PCO system in line with contractual setup Control client credit risk limit and liaise with client management to request limit increase when necessary Maintain and control client legal documentation.
  • Follow up legal amendment after client hedging change request Generate and control the reporting required by Finance department to generate client bills

  • PCO Team activity Participate to the team planning : tasks & role assignment, day off management Participate to the continuous training process to ensure skill sharing across the team Contributes to the daily, monthly and yearly control plan.
  • Client Specific reporting, KPI, End of month control) Contribute to the identification of improvement areas, suggest and follow up action plan to reinforce the control framework Participate to the preparation of new client on boarding in relation with the structuring team

    Profile and Skills to Success

  • Master Degree in Business area or Engineering area
  • Experience in the financial services industry and financial market
  • Fund Industry knowledge is an advantage
  • Experience in Forex is also an advantage
  • Risk Management & Compliance notions
  • Fluency in English is mandatory, both oral and written
  • Customer oriented
  • Strong orientation detail
  • Excellent interpersonal skill
  • Team Work
  • Analytical ability
  • Risk awareness
  • Capacity to report
  • Proper conduct
  • About the Team

    MFS Passive Overlay is a business line of BNP Paribas Security Services (BP2S) Market Financing Services. It offers hedging FX executions services out of the automated hedging calculation.

    Automation is ensured by the in house PCO IT platforms that incorporate client-hedging guidelines.

    The activity is operated from Luxembourg that acts as a hub for Luxembourg, UK, France and Dublin clients.

    A Dual Office with resources based in Lisbon support the Luxembourg operational processes and ensure an efficient Business continuity plan

    This activity started at BP2S in 2012 and had a very significant growth since inception :

  • Management of more than twenty clients for an Asset under Service of more 25 bio Euro
  • Management of a continuous flow of on boarding for existing and new clients
  • Continuous adaptation of the production processes to cope with volume increase, new service offer and internal system upgrades
  • 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
  • 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.

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