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ASSISTANT VICE PRESIDENT ? SALES AND CLIENT SUPPORT (Trade Support / Settlements)

Company: BNP Paribas
Location: Jersey City
Posted on: January 13, 2022

Job Description:

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 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, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In the United States, BNP Paribas has built a strong and diversified presence to support its client base. The bank employs nearly 14,000 people and has had a presence in the country since the late 1800s in major cities including New York/New Jersey, San Francisco, Boston, Chicago, Denver and Washington, DC. We continue to grow and strengthen our commitment to the US market. BNP Paribas' Corporate & Institutional Banking (CIB) platform and Asset Management platform, along with our retail presence through, Bank of the West, provide services to:

  • Help businesses raise capital in the US and globally by leveraging an international network spanning 68 countries
  • Offer consistent client service and innovative approaches for investment, hedging and financing opportunities across asset classes and geographies, as well as research and market intelligence to help our clients make strategic decisions
  • Support local communities by funding projects to improve technology, infrastructure, clean energy, and agriculture
  • Help women entrepreneurs, start-up organizations, individuals and families reach their goals through savings, community lending, and wealth management
  • Support our clients transition to a lower carbon economy and an increasingly sustainable business model through forward-looking financing and investing solutions 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. BNP Paribas Asset Management is the asset management arm of BNP Paribas and offers high value-added solutions to individual savers, companies, and institutional investors. Bank of the West, our largest affiliate in the US, offers retail banking, wealth, corporate and commercial banking in over 500 branches and offices across the U.S. 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. www.cib.bnpparibas.com Business Overview: BNP Paribas, one of the major banks in Europe with a strong presence throughout the world, is a leader in Global Equities & Commodity Derivatives. As part of this activity, the Middle-Office is an important component, with teams established in the major financial places (New-York, London, Tokyo, Hong-Kong and Paris). The main missions of these teams are:
    • The management of operations in the booking systems.
    • The follow-up of client billing and reporting.
    • The reconciliation of positions between FO and booking systems.
    • The calculation, explanation and analysis of the daily profits and losses including reconciliation with Financial accounting results.
    • The management of the referential data.
    • The management of relationships with BO and Custodians.
    • The management of Corporate Action events and advice to FO teams. These missions are accomplished through a close relationship with Back-Offices, Traders, Sales, IT and Business Analysts. In this context, the GECD Trade Support is a key component of New York GECD Middle Office, They cover all the activities and products of the Global Equity business in North America, which includes Equity and Commodity Derivatives, both Flow and Exotics, whether in Proprietary Trading, Agency or Prime Brokerage roles. Minimum Required Qualifications4 plus years Capital Markets4 plus years Operations4 plus years Client Service Candidate Success Factors:Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:
      • Monitoring Operational Risk:
      • Providing proper FO Support: Products included but not limited to; Convertible Bonds, Equity, SPACs, Options, Futures, Swaps
      • Monitoring operational risk and risk of fraud by having in place consistent and adequate controls
      • ORUS: signoff completed daily with full disclosure of detailed reports checked, issues faced and risk accurately assessed.
      • Improve existing processes with overall STP flow and ensure highest quality of booking and settlement
      • Issues identified and timely escalated to his/her direct management, FO management and Permanent Control Team
        • Reconcile Position Management:
        • Guarantee accuracy of trading positions in FO systems match MO
        • Reconciling positions between FO, MO and BO.
        • Daily goal is to correct all discrepancies originated by IT issues, system bugs, referential breaks, input errors, missing data
        • To ensure all the reconciliations are performed and all breaks are resolved or escalated in a timely manner
          • Superior Customer Service:
          • Ensure all client trades get processed correctly downstream
          • Assist with settlement of any failed trades
          • Generate & deliver client requests upon request
            • Ensure up to date Middle Office Data:
            • Check REF data is feeding to MO correctly
            • Amendments of trades
            • Trade insertion/cancellation
            • Trade management & expiry of products
            • Corporate Action processing
            • Updating positions in MO system to be in line with market and FO
              • Promote an efficient dialog/discussion between the Front-Office and the Back-Office:
              • The MO must promote an efficient dialog/discussion between the Front-Office and the Back-Office by knowing how to manage priorities with aim to escalate relevant/pertinent information.
                Qualifications:
                • BS - Economics, Finance, Accounting or other related field of study.
                • 4 plus of financial industry experience with knowledge of the markets.
                • Proactive & reactive to client & FO demands.
                • Proficient in Microsoft Office, especially Excel.
                • Strong sense of risk, critical thinking and well organized.
                • Maintains high quality of customer service when communicating with clients.
                • Display good relationship qualities, team spirit, and ability to work cross-functionally.
                • Proactive and displays willingness to take initiative.
                • Ability to effectively listen and communicate.
                • Maintains acceptable response to stressful situations. 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. Primary Location: US-NY-New YorkJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (> = 3 years)Experience Level: At least 4 yearsSchedule: Full-time

Keywords: BNP Paribas, Jersey City , ASSISTANT VICE PRESIDENT ? SALES AND CLIENT SUPPORT (Trade Support / Settlements), Accounting, Auditing , Jersey City, New Jersey

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