Business Overview:
The US Agency Securities Lending Operations group supports two functions.
Agency Lending Business:
Settlements, Mark to market, Corporate Actions, Income, Returns, Billing, Reconciliation
- Processes trade instructions to custodians to ensure proper settlement of lending and reinvestment activity.
- Serves as a primary contact with custodians and is responsible for the timely completion and reconciliation of trade settlements.
Collateral Management:
The Operations team is responsible for the end-to-end trade cycle of Derivative instruments for US & overseas investments for Institutional Investors, across various product types, including ETD’s, CFD’s, OTC and Repo’s.
- Trade Capture, Timely manner matched and settled,
- Reconciliations with Counterparties
- Manage daily margin calls with brokers.
- Accurate valuation, collateralization
- Ongoing interaction with several custodians and brokers.
- Client Account Management – Manage the client queries in timely fashion.
BNP Paribas US Operations is part of a global operations offering support to our clients in all major markets.
- US Market experience is required, EMEA and APAC market knowledge is a plus.
- Experience in Securities Lending is Required.
- Experience in Repo’s and Collateral Management is Required.
- Experience in OTC Derivatives is Required.
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:
- Client Service Delivery and Controls
- To ensure a high-quality client service is delivered to all clients
- Ensure the service level provided by the global team adheres to the Client Service Delivery agreements. Provide feedback to management on work performed by Analysts.
- Ensure adherence to core standard operating models.
- Build strong, professional relationships with clients and be an ambassador for BNP Paribas. Utilize experience and understanding of OTC instruments to educate clients.
- Develop internal stakeholder relationships with the wider team as well as general business support.
- Coordinate workflow with global teams to ensure coverage for client needs.
- Support external counterparty relationships e.g., Brokers, Custodians & Industry bodies.
- Continuous Improvement & New Business
- Capitalize on knowledge and experience to generate ideas for improvements to systems and processes in support of client requirements and BNP Paribas Securities Service strategic objectives. Support the development and implementation of such improvements.
- Involvement in the design and implementation of resilient processes and systems to support new/changes to business products including mandatory changes to market/governance and regulations.
- Innovate & challenge status quo within the governance and framework of our change program.
- Be a subject matter expert on your team and offer training and support to global team Analysts.
- Risk Management
- Ensure adherence to the risk and control framework to manage risk effectively & efficiently within the team.
- Ensure an effective and robust governance structure is in place for the team.
- Support business contingency plans as required.
- Ensure adequate internal controls are in place to mitigate operational risk.
- Ensure that internal and external audit/compliance/risk requirements are met.
Minimum Required Qualifications:
Undergraduate degree plus a minimum of 4 to 5 years’ experience in finance market
Preferred Qualifications:
- Essential
o Strong experience in a wide range of Derivative products (mainly in OTC) to level of SME
o Strong understanding of NAV and pricing impact of OTC Derivative events
o Strong understanding of OTC Derivative collateral service delivery process
o Strong understanding of Agency Lending
o Strong understanding of Repo’s and Collateral Management
o Strong Risk Management Awareness
o Strong knowledge of Market intermediaries
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 $95,000 to $115,000 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.