Sales & Trading Assistant, Global Markets

Employment contract:

Standard / Permanent

Location:

Mexico

Job/mission:

SALES DEVELOPMENT

Reference:

MEX000058

About BNP Paribas Group

BNP and Paribas merged in 2000 to create BNP Paribas. BNP Paribas offers a wide range of financial and advisory services to its clients including large corporates, public institutions and financial institutions. BNP Paribas is a leading bank in Europe with an international reach. It has a presence in over 70 countries, with more than 180,000 employees, including more than 140,000 in Europe. The Group has three operating divisions: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, Corporate and Institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg). BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking (www.cib.bnpparibas.com):

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions framed in three business lines: Global Markets, Securities Services and Global Banking all offered to two client franchises: corporates and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide: it provides multi asset, post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

 

About BNP Paribas Corporate and Institutional Banking in Mexico

BNP Paribas Corporate and Institutional Banking has had a representation office in Mexico since 1966. Since then BNP Paribas has played an important role in financing Mexico’s development into the 21st century. BNP Paribas was one of the founders of Banco Nacional de Mexico (Banamex), one of Mexico’s largest banks, at the end of the 19th century, and stayed as a minority shareholder until the nationalization of the banking system in 1982. BNP was first established in Mexico more than half a century ago also acting as an important shareholder in Banco del Atlántico until 1982

BNP Paribas Mexico is expanding and has started operating in 2021 a full-fledged Mexican bank to better serve its clients through local operations performing local and global markets activities. Operations out of BNP Paribas Mexico include in particular trading and market making activities on interest rate derivatives, forex (spot and forward), bonds, repos and reverse repos on MBonos, UDI and Bonos. The coverage activities focusing on Mexican corporate and institutional clients will remain and expand.

Support GM Mexico Sales and Trading Desks in risk/deal capture, analytical and operational support, as well as reviewing and improving day to day processes, while focusing on improving front office risk framework.

Candidate will work with various support teams (IT, Compliance, Operations. Etc.) to ensure a streamlined Front to Back workflow, while processing relevant trade lifecycle events and investigating trade queries as raised. 

The Sales & Trading Assistant’s role & responsibilities fall into three main categories:

·       Risk/Position Monitoring and Deal Capture

o   Monitor positions and risks for accuracy throughout the day.  Ensure trades are booked accurately and timely to avoid risk outages and incorrect risk representation.  When outages are identified, ensure timely and accurate resolution and escalate issues to trading and sales desks.

o  Establish, perform and maintain a proper control framework:

o  Create and maintain a control framework within the Mexican Front Office Support team. Where required, after having performed an impact analysis, adapt and implement changes to the team control framework to respond to new laws and regulation.

o   Maintain proper documentation of the Mexican Front Office operational processes.

o   Monitor the various error monitors and task stations to ensure all trades feed properly through the systems. This includes performing front office to back office systems reconciliations and resolve any discrepancies.

o   Perform front office to back office systems reconciliations and resolve any discrepancies.

 

·       Analytical and Operational Support to Mexico Sales and Trading Desks

o   Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations are met.

o   Follow-up with relevant departments to ensure all aspects related to post-trade processing, (incl. trade confirmations, Risk/P&L, clearing and settlements) are successfully handled vis-à-vis of the clients.

o   Resolve all internal queries from the Sales and Trading desks or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.

o   Processing of post Trade Processes (Fixings, Novations, Rate Contributions, NPV’s, Early Terminations and Option Expiries).

o   Maintain proper documentation of the Mexican Front Office operational processes.

o   Support growth for Mexican franchise in new initiatives such as new products collaborating with coordination teams and providing guidance when need.

 

·       Process & Client Services Improvements

o   Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.

o   In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.

o   Improve Mexican IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

Required Education and Experience

o   Bachelor’s degree or foreign education equivalent in Actuarial Sciences, Finance, Economics, Engineering, Statistics or Mathematics.

o   Minimum of 3 (three) years of experience in a Front or Middle Office Trade Support role within Global Markets supporting Foreign Exchange and Local Market Rates Transactions.

o   Fluent in both English and Spanish.

o   Certification: AMIB Figura 3 or 5

 

Essential Skills/Competencies:

o   Demonstrated knowledge in Foreign Exchange (Flow and Options) and Local Markets Rates and its industry infrastructure.

o   Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for FXLM transaction products; including Spots, Forwards, Swaps, NDF’s, Options, Exotic, IRS, and CDS.

o   Working understanding of the local applicable regulations

o   Demonstrated expertise using Excel, VBA and/or Python to simplify and automate manual Front Office processes.

o   Knowledge of system architecture (front to back workflow, pricers and risk management systems) for FXLM products.

o   Demonstrated commercial and collaborative attitude.

o   Excellent communication skills (both written and verbal), including in client communication.

o   Analytical mind-set and problem solving.

o   Very strong multi-tasking capability.

o   Attention to detail.

o   Ability to work well under pressure.

About BNP Paribas Group

BNP and Paribas merged in 2000 to create BNP Paribas. BNP Paribas offers a wide range of financial and advisory services to its clients including large corporates, public institutions and financial institutions. BNP Paribas is a leading bank in Europe with an international reach. It has a presence in over 70 countries, with more than 180,000 employees, including more than 140,000 in Europe. The Group has three operating divisions: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, Corporate and Institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg). BNP Paribas enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking (www.cib.bnpparibas.com):

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions framed in three business lines: Global Markets, Securities Services and Global Banking all offered to two client franchises: corporates and institutional, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide: it provides multi asset, post trade and asset servicing solutions for institutional participants in the investment cycle, from the buy-side and sell-side to corporates and issuers. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

 

About BNP Paribas Corporate and Institutional Banking in Mexico

BNP Paribas Corporate and Institutional Banking has had a representation office in Mexico since 1966. Since then BNP Paribas has played an important role in financing Mexico’s development into the 21st century. BNP Paribas was one of the founders of Banco Nacional de Mexico (Banamex), one of Mexico’s largest banks, at the end of the 19th century, and stayed as a minority shareholder until the nationalization of the banking system in 1982. BNP was first established in Mexico more than half a century ago also acting as an important shareholder in Banco del Atlántico until 1982

BNP Paribas Mexico is expanding and has started operating in 2021 a full-fledged Mexican bank to better serve its clients through local operations performing local and global markets activities. Operations out of BNP Paribas Mexico include in particular trading and market making activities on interest rate derivatives, forex (spot and forward), bonds, repos and reverse repos on MBonos, UDI and Bonos. The coverage activities focusing on Mexican corporate and institutional clients will remain and expand.

Support GM Mexico Sales and Trading Desks in risk/deal capture, analytical and operational support, as well as reviewing and improving day to day processes, while focusing on improving front office risk framework.

Candidate will work with various support teams (IT, Compliance, Operations. Etc.) to ensure a streamlined Front to Back workflow, while processing relevant trade lifecycle events and investigating trade queries as raised. 

The Sales & Trading Assistant’s role & responsibilities fall into three main categories:

·       Risk/Position Monitoring and Deal Capture

o   Monitor positions and risks for accuracy throughout the day.  Ensure trades are booked accurately and timely to avoid risk outages and incorrect risk representation.  When outages are identified, ensure timely and accurate resolution and escalate issues to trading and sales desks.

o  Establish, perform and maintain a proper control framework:

o  Create and maintain a control framework within the Mexican Front Office Support team. Where required, after having performed an impact analysis, adapt and implement changes to the team control framework to respond to new laws and regulation.

o   Maintain proper documentation of the Mexican Front Office operational processes.

o   Monitor the various error monitors and task stations to ensure all trades feed properly through the systems. This includes performing front office to back office systems reconciliations and resolve any discrepancies.

o   Perform front office to back office systems reconciliations and resolve any discrepancies.

 

·       Analytical and Operational Support to Mexico Sales and Trading Desks

o   Book, process and validate trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations are met.

o   Follow-up with relevant departments to ensure all aspects related to post-trade processing, (incl. trade confirmations, Risk/P&L, clearing and settlements) are successfully handled vis-à-vis of the clients.

o   Resolve all internal queries from the Sales and Trading desks or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.

o   Processing of post Trade Processes (Fixings, Novations, Rate Contributions, NPV’s, Early Terminations and Option Expiries).

o   Maintain proper documentation of the Mexican Front Office operational processes.

o   Support growth for Mexican franchise in new initiatives such as new products collaborating with coordination teams and providing guidance when need.

 

·       Process & Client Services Improvements

o   Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.

o   In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.

o   Improve Mexican IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

Required Education and Experience

o   Bachelor’s degree or foreign education equivalent in Actuarial Sciences, Finance, Economics, Engineering, Statistics or Mathematics.

o   Minimum of 3 (three) years of experience in a Front or Middle Office Trade Support role within Global Markets supporting Foreign Exchange and Local Market Rates Transactions.

o   Fluent in both English and Spanish.

o   Certification: AMIB Figura 3 or 5

 

Essential Skills/Competencies:

o   Demonstrated knowledge in Foreign Exchange (Flow and Options) and Local Markets Rates and its industry infrastructure.

o   Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for FXLM transaction products; including Spots, Forwards, Swaps, NDF’s, Options, Exotic, IRS, and CDS.

o   Working understanding of the local applicable regulations

o   Demonstrated expertise using Excel, VBA and/or Python to simplify and automate manual Front Office processes.

o   Knowledge of system architecture (front to back workflow, pricers and risk management systems) for FXLM products.

o   Demonstrated commercial and collaborative attitude.

o   Excellent communication skills (both written and verbal), including in client communication.

o   Analytical mind-set and problem solving.

o   Very strong multi-tasking capability.

o   Attention to detail.

o   Ability to work well under pressure.