Assistant Vice President - FX Prime Brokerage Trade support

Business Overview:

The qualifying candidate will join the FXPB Middle Office team as a part of BNP Paribas’ Foreign Exchange Prime Brokerage offering. The FXPB middle office is looking to hire an experienced professional who can join the team and make an immediate contribution. The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York.

• 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.

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:

• Participating and leading client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
• Working with internal and external parties to resolve trade discrepancies on T and post T
• Working in an environment with direct client interaction
• Escalating client trade related issues
• Understanding and responding to client queries with respect to client reporting on Data Direct, a BNP Paribas website
• Working closely with IT developers defining infrastructure upgrades and maintenance requests
• Managing trade life cycle events including daily option exercises/expirations and NDF fixings
• Coordination with all internal stakeholders who support our business ( Risk, Credit, Legal, Collateral, BO, Sales, IT)
• Monitor Limit utilization throughout the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
• Distributing monthly invoices and monitoring the collection of fees
• Ad Hoc project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements

Minimum Required Qualifications

• The successful candidate will need to demonstrate the following:
  • Strong organizational and analytical skills
  • Good product knowledge
  • Proficient in Excel
  • Excellent verbal and written communication skills
  • Ability to maintain focus in a fast-pace environment
  • Ability to consistently meet deadlines
  • Works well within a team environment
  • Attention to detail and accuracy
  • Service Oriented
  • A spirit of continuous improvement

Preferred Qualifications;

• Minimum of 2 years in a foreign exchange prime brokerage position
• Strong understanding of FX Spot/Forward/Options
• At least 5 years of relevant financial industry experience.

FINRA Registrations Required:

N/A

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):N/A

N/A

SEC Security-Based Swap Dealer Associated Person:

N/A

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 68 countries, with more than 193,000 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.

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