Business Overview:
The G10 Rates business offers a comprehensive suite of interest rate products to address the full spectrum of our client’s needs from financing and market access to yield enhancement and hedging. Acting as primary dealer and market maker in all key markets, we offer liquidity in primary and secondary markets in government bonds, interest rate derivatives, inflation products, structured products and repo.
*Physical presence in BNPP’s office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. This role will be hybrid, consisting of an in office and remote working component.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Impacts division and influences peers and team
- Demonstrates good judgement when making decisions of high complexity and impact
- Relies on limited guidance for most complex decision making
- Is responsible for driving outcomes which have meaningful effect on team or department
- Leadership and Collaboration
- Creates trust with department leaders
- Acts in leadership capacity for large projects, processes, or programs for a team
- Client, Customer and Stakeholder Focus
- Able to build relationships with a mix of intermediate and senior colleagues or clients
- Interacts regularly with management and department leaders
- Demonstrates the ability to persuade and 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:
- Provide liquidity to clients by defining trading and inventory strategies.
- Book, monitor and manage all risk through use of dedicated trading and risk management systems.
- Fulfill PNL objectives as determined by management.
- Monitor book positions and discover innovative ways of internally reducing risk across different strategies.
- Generate trade ideas on both a fundamental and relative value basis.
- Partner with sales to market BNP’s platform and enhance BNP client experience, while also helping increase client transactions.
- Contribute to our digitalization initiative. Work with e-trading development to further BNP’s offering of USD Rates solutions for BNP’s client base.
- Running morning and end of day risk checking processes as well as P&L reporting
- Comply with all required regulatory and compliance training.
- Adhere to USD Rates principles and guidelines which aim at protecting client interests, promoting market integrity and respect other supporting functions
Minimum Required Qualifications:
- Detailed knowledge of USD rates market
- Detailed knowledge of Inflation derivatives and Cash market
- Trading experience in USD Rates and broader fixed income markets
- Advanced degree in a quantitative discipline such as math, finance, engineering
- Knowledge of BNP internal models and systems an advantage
Preferred Qualifications:
- Notable track record in marketing making and PNL generation in inflation rates market
- Sell side experience and ability to build and monetize franchise opportunities across institutional and corporate clients
FINRA Registrations Required:
Yes – Series 7, 63
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Yes
SEC Security-Based Swap Dealer Associated Person:
- Yes
The expected starting salary range for this position in New York is $225,000 to $315,000 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.
About BNP Paribas:
In the United States, 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.
BNP Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 14,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
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 offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
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.