About the job

• The candidate will be part of Securities Lending operational teams (Agency Lending & Principal Lending) with a transversal role on the CSDR (Central Securities Depositary Regulation) new regulation
• CSDR regulation entered into force in February 2022. All organizations have to be prepared for this new regulation to be able to manage the penalties (settlement discipline), the new buy-In process, to calibrate the Allocation/Confirmation solution, and to adapt the current organization & processes in order to control the impact as much as possible
• The key mandate of this team will be to manage the CSDR penalties, in close cooperation with the MFS Settlement & collateral operational teams, and the Business
• The Agency Securities Lending Operations group supports several functions: the post-trade activity (Settlements, Corporate Actions, Income, Billing, Reconciliation…) and Collateral Management (Mark to Market, Compliance/Eligibility checks, Transaction Management, and Margin Maintenance). Agency Lending acts as Agent between our Lenders (our Clients) and the Counterparts (our Borrowers). Power of Attorney is granted by Clients to allow us to manage the instructions on their accounts. Our Clients are mainly in Custody within BP2S
• The Principal Lending Operations group supports the same operational functions as for Agency Lending. The main differences are that it is a proper business performed under the name of BNP Paribas Securities Services Paris, and that Principal Lending is borrowing & Lending Securities thought is own accounts (Agency Lending BP2S being one of counterpart)

Your Main Activities Are

• Define the target processes to integrate, to analyze and to manage the penalties received from all the Custodians
• Define the End-to-End process to manage the penalties: Settlement booking, internal reporting, Accounting process, Claim process, among others
• Implement procedures that will explain all the operational aspects
• Work actively with BCM and IT Teams on the solution and the deployment of IT to ensure consistency with our Target Operating Model. Close interaction with Custody/BSO teams on the target solutions
• Define the role and responsibilities of this team with the Ops Management and the Ops teams
• Recognize opportunities, recommend process improvements and implement proper solutions to gain efficiencies and ensure quality
• Build a strong network within the MFSO/MFS community, especially with the Settlement and collateral teams, and share knowledge and experience. Strong interactions are also expected with Front-Office Team, Client Management Teams, and several BSO / Custody teams
• Identify, escalate and assist in the strengthening and maintenance of the internal control framework. Implement risk process improvements related to department and team workflows
• Define internal KPI and Reporting to give visibility to Management and Front-Office on the penalties, incidents, on-going actions, possible solutions, among others
• Must be a source of propositions and work on problem solving
• Main tasks of the COLLATERAL MANAGEMENT team which will affect the CSDR process:

- Monitoring exposures and day-to-day operations:

- Issue margin calls to brokers in order to prevent short balances

- Book collateral trades to cover exposures

- Follow the settlement of collateral trades in various market places

- Perform daily controls on the progress of the activity

- Follow up of transactions booked by the Front-Offices,

- Guarantee a smooth processing of Front Office operations in approximatively thirty market places

- Ensure the receipt / delivery of securities and cash for the Securities Lending activity by minimizing incidents within deadlines

- Have an in-depth knowledge of markets and financial products

- Ensure good working relations with the operational teams and the trading desk

- Guarantee the control of the risks related to this activity
 

Profile and Skills to Success

• Bachelor’s degree in Economics, Finance or Accounting 
• Up to 2 years of relevant experience in Banking and Financial Operations 
• Fluent (C1-C2) level of English 
• Adaptability
• Attention to detail / rigor 
• Good communication skills (both oral and written)
• Ability to collaborate / teamwork
• Client focused 
• Skills in risk control
• Analytical ability, namely in Excel, PowerBI and Power Query
   
   

About the Team

#LI-Hybrid 

Why joining BNP Paribas? 

· Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

· Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

· International reach 

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: 

• Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines; 
• Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services; 
• Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

· Diversity and Inclusion commitment 

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

· Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

· Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices. 

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

* Please note that only applications submitted in English will be considered. 

* In case you are selected for this role, further documentation will be requested to support your hiring process.