Business Overview:
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. It had assets under custody of $13.7 trillion as at 31 December 2023. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With Local expertise in 35 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.
As a Middle Office Analyst, the individual is responsible for acting as a key contact for clients, brokers and other third parties in the resolution of day to day exceptions for BNP Paribas Financial Services, LLC. He/she is responsible for the management of the trade lifecycle of all client trades post execution, this includes activities such as trade confirmation/affirmation, trade SSI communication, trade settlement monitoring, reconciliation break resolution and post settlement lifecycle events.
This position is located at 735 Chesterbrook Blvd, and we are working in a Hybrid environment – 3 days a week!
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:
• Ensure portfolio trades are captured on MO systems, affirmed with counterparties, and communicated to custodians including standard settlement instructions where applicable.
• Monitor trade settlements and resolve outstanding fails with trading counterparties.
• Provide portfolio reporting needs to clients and act as point of contact for queries on these reports.
• Monitor, confirm and process collateral requirements for OTC derivatives trades.
• Contribute to client satisfaction by ensuring that the highest level of service is delivered accurately by the relevant deadlines, against standardized benchmarks and in compliance with global procedures.
• Assist in the rollout of technology initiatives to clients.
• Work with technology vendors and clients to improve efficiency in overall processes and meet tight deadlines.
• Participate in projects that are identified due to the current strategy and evolution of the business.
Minimum Required Qualifications:
• Bachelor’s degree required in Finance, Economics or Accounting or related field
• Strong analytical and problem solving skills
• Demonstrate a calm, logical approach to all situations
• Ability to multitask and to work under pressure, prioritizing duties according to risk
• Ability to interact with very demanding stakeholders, managing their expectations whilst developing strong
working relationships and bank standards
• Effective verbal and written communication skills; notably the ability to clearly articulate issues and influence
resolution
•Self-motivated, energetic, and intellectually curious individual who is able to deliver with minimal supervision,
whilst also working effectively as part of a team
Preferred Qualifications:
• 1-5 Years of Middle Office Experience
• Proficiency in use of Advent Geneva and Paladyne
• Knowledge of trade capture and settlement process flow.
• Extensive knowledge of fixed income, equity, and derivative instruments
• Expert knowledge of trade support, settlements, FX a plus
• Proficient with trade order management systems and Bloomberg
• Strong understanding of transaction lifecycle
• Knowledge of global markets and trading habits in the global market.
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 $65,000 to $75,000 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.
This application will remain open until a candidate has been selected for the role. There is no specific application timeline.
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/
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.