Analyst – ITO Markets Operations – Transactions Processing – Trade Validation Team

Business Overview:

The Exotic Rates Trade Support team provides essential operational risk management and control, preserving and enhancing the firm’s assets and its reputation. The bank has a substantial Interest Rate Derivative trading presence in London, New York, and Hong Kong.

The position is as a Trade Support Analyst role for the Exotic Interest Rate Derivative Trading desk in Jersey City. The selected candidate will report to the Exotic TS Team Supervisor. The team supports the execution of rates-based OTC instruments transacted by the global Swap Trading and Sales businesses with additional focus on risk management and reporting, client service, and strategic initiatives driven by technology, regulatory/industry requirements, and new business/products.

The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. Generally, the products supported are complex instruments that require close alignment with the business. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected.

The individual will be responsible of monitoring and proactively resolving trade breaks on Trade Date, performing PV checks to ensure all economic details are in line, ensure all positions and P&L match between deal capture systems and settlement systems, resolve all issues raised by Front Office and Back Office, and address any ad-hoc requests.

Candidate Success Factors:

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

• 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.
• Leadership and Collaboration:
• Creates trust with colleagues.
• Acts in leadership capacity for projects, processes, or programs.
• 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.
• 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:

• Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues
• Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum
• Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss
• Manage real-time trade booking exceptions internally between the trading desk and sales force
• Assist with project initiatives designed to improve and streamline existing processes
• Mitigate risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records
• Participate / assist in event processing and have a full understanding of the life cycle of a trade
• Collaborate with technology teams on the implementation of process flow improvements and efficiencies
• Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services
• Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach
• Promote an efficient dialog/discussion with our internal and external partners
• Adhere to deadlines and objectives
• Where appropriate, ability to maintain and explain own position using logic in the light of differing views
  
  

Minimum Required Qualifications:

• Attention to detail and accuracy is imperative
• Strong academic background required
• The successful candidate will need to demonstrate a strong desire to learn the processes and products
• Strong interpersonal and communication skills a must
• Flexibility to adapt to a new and changing environment
• Strong sense of risk and critical thinking
• Rigorous and very organized
• Maintains high quality of customer service
• Ability to effectively listen and communicate
• Display good relationship qualities, team spirit, and ability to work across teams
  
  

Preferred Qualifications:

• Strong knowledge of financial markets with emphasis on Rates Structured Derivatives
• Ability to multi-task and prioritize in a fast paced environment
• Strong Excel/PC skills with proven ability to work with multiple systems
• Previous experience (3 yr ) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution
  
  

FINRA Registrations Required:

• Not Applicable
  
  

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 is between $75,000 to $90,000 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.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

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. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. 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.

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/