Managing Director - Head of Prime Brokerage Technology
Company: BNP Paribas S.A.
Location: Jersey City
Posted on: January 26, 2023
Job Description:
Job Description - Managing Director - Head of Prime Brokerage
Technology (COR002487) Managing Director - Head of Prime Brokerage
Technology ( Job Number: COR002487 ) Business Overview: Prime
Services technology is seeking global head of Cash Prime Brokerage
reporting to the Head of Prime Services Technology. This position
requires setting strategy & vision, experience leading large
organization as well as driving multiple large initiatives across
the prime brokerage organization. BNPP has an industry-leading
Prime Services platform with multi-asset structured financing
solutions across the liquidity spectrum, providing stability and
consistency as well as customized financing and margin strategies.
BNPP has access to capital through BNP Paribas' strong credit
rating and balance sheet. BNPP Equity & Prime services business is
going through significant growth with aspiration to be top Prime
Broker for Europe and within top 4 globally. The long-term focus of
the platform is on supporting activities growth targets set by the
management, responding to the fast-pace of client demand for new
products and services, and compliance with new regulatory
obligations. There are several strategic technology initiatives on
the way to accelerate DevOps, Virtualization, and Cloud
transformation, as well as adaptation of machine learning and
artificial intelligence to deliver client offering. The role
requires planning, executing, and finalizing projects according to
strict deadlines and within budget. This includes managing budget,
acquiring resources and coordinating the efforts of team members
and third-party vendors in order to deliver projects according to
plan. The candidate will be tasked to execute critical business
initiatives, strategic review of the platform and come up with
recommendation and roadmap to support business growth,
profitability and product expansion. Further, the candidate will be
also responsible to carry out IT simplification & rationalization
initiatives and supporting BAU activities. *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. The
expected starting salary range for this position in New Jersey is
between $197k to $239k 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.
Responsibilities:
- Senior member of the Prime Services Technology leadership,
working closely with other pillars in Prime Services and more
broadly across markets technology.
- Define & implement strategic vision & goals for Prime Brokerage
aligned with business and CIB IT strategy.
- Drive key IT initiatives to build best in class IT Platform,
promoting cloud & other digitalization priorities.
- Manage IT Risk, Cyber Security Program & vendor
relationship.
- Define project scope, goals and deliverables working with
senior management and stakeholders.
- Develop project plans and associated communications
documents.
- Effectively communicate project expectations to stakeholder and
team members.
- Identify and resolve issues and conflicts within the project
team.
- Plan, schedule and track project timelines and milestones.
- Proactively manage changes in the scope, identify potential
issues, and devise contingency plans.
- Coach, mentor, motivate, influence and supervise project team
members.
- Build, develop and grow the relationships with senior head of
the business.
- Provide reporting to management planning, process improvements,
and budget.
- Identify, manage, and control compliance, regulatory and
reputational risks.
- Enforce technical architecture standards Minimum Required
Qualifications:
- 15+ years of work experience in financial industry with the
last 10+ years in hands-on senior leadership role is required.
- Experience with Cash Prime Brokerage & Client Experience
- Mentoring, senior leadership, communication, and project
management experience
- Bachelors or Masters Degree in relevant discipline Additional
Preferred Qualifications:
- Ability to handle pressure of a fast paced IT environments
- Good interpersonal skills to work effectively with
representatives of a diverse range of departments globally
- Controls and Regulatory understanding and focus
- Ability to defines and implement platform transformation
strategies through concrete plan . 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" FINRA
Registrations Required: - Not required CFTC Swap Dealer Associated
Person (if yes, NFA Swaps Proficiency Program is required):N/A Not
Applicable SEC Security-Based Swap Dealer Associated Person: Not
Applicable 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. 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-NJ-Jersey City Job Type : Standard / Permanent Job :
MISCELLANEOUS Education Level : Bachelor Degree or equivalent (>
= 3 years)
Keywords: BNP Paribas S.A., Jersey City , Managing Director - Head of Prime Brokerage Technology, Executive , Jersey City, New Jersey
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