Bonds Confirmations Analyst

March 26, 2024

Bonds Confirmations Analyst

Reference2403CIBO17881

  • Standard / Permanent
  • PT-11-Lisbon
  • OPERATION PROCESSING
Apply for this job

About the job

  • Bonds confirmations team is responsible for the daily execution of operational support related to fixed income business for an array of desks within the Global Markets function. As such, the team provides trade processing, drafting, chasing, reconciliation and matching of deals under BNP Paribas Paris books
  • Associates work closely with managers, analysts, settlements and traders to deliver precise and scalable operational support. This position is based within Lisbon Documentation Department and provides mainly bonds and repo coverage.

Your Main Activities Are

  • Trade Booking/confirmation
    • Ensuring all trades are accurately booked in the trading systems across all desks.
    • Meet Regulatory deadlines in confirming Bonds, Repos, Security Lending/Borrowing and Convertible Bonds.
  • Group Mailbox management
    • Monitor and act upon all incoming mails in a timely and efficient manner. This is especially important as the team has a direct and close contact with internal and external clients.
  • Confirmation Database Maintenance
    • This task is performed via Cosmo, which is an internal database that stores all contact details and other attributes required for regulatory reasons.
    • Task Station – Monitoring client’s Legal Entities or funds that do not have any contact details set up. Most of the times, it requires a thorough investigation to ensure the correct delivery of confirmations.
    • Investigate and resolve “NAKs” – where confirmations have failed to be sent due to incorrect contacts. This is necessary to maintain integrity of confirmation contact database.
  • Manual Swift confirmation via Plasma system.
    • Swifts MT599 need to be manually prepared to match some clients’ requirements.
  • Trax Trade Matching System
    • Trax Match is a real-time post-trade exception management tool which covers a broad range of securities, including fixed income. Complex and multiple changes in regulatory obligations, such as CSDR, SFTR and MiFID II, are creating unique challenges for the industry, requiring firms to ensure quality transaction data as close to execution as possible. Trax Match helps banks to Mitigate operational risk, Improve STP and efficiency, address challenges of MiFID II, CSDR and SFTR and confirm all economic details within minutes of execution via Trax Insight
    • All the unmatched trades that cannot be found in the bank’s Trading system (Star) have to be escalated and monitored until resolution.
  • Bond Forwards and Structured Repos
    • Confirm the accuracy of the trading record by drafting and managing OTC ISDA confirmation and documentation. Liaise with traders and counterparties when appropriate and with legal department to resolve issues.
    • Due to its more complex nature, certain trades will require confirmations less standardized and manually drafted with specific legal wording. The team is responsible for drafting a confirmation based on templates provided by the Front Office, check its details against the booking, sign the document, chase until the client countersigns confirmation and store the files for audit purposes.

Profile and Skills to Success

  • Bachelor’s Degree
  • Fluency in English, both oral and written
  • Ability to collaborate/Teamwork
  • Attention to detail/rigor
  • Client focused
  • Adaptability
  • Critical thinking

#LI-Hybrid

Why joining BNP Paribas?

· Leading banking institution

BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe’s banking history. It has a presence in 65 countries, with around 190 000 Employees – including more than 145 000 in Europe.

· Our presence in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 7.100 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

· 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

Offers you may be interested in