Credit Structured Trading Analyst

May 13, 2024

Credit Structured Trading Analyst

Reference2405GMFOS18261

  • Standard / Permanent
  • PT-11-Lisbon
  • FINANCIAL AND TECHNICAL EXPERTISE
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#Capital Markets #Global Credit #Analysis #Risk #Innovation

About Global Markets

Global Markets is BNP Paribas’ capital markets business within Corporate & Institutional Banking (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutional, corporate, private banks and retail distribution networks. Our Portugal Platform (Porto and Lisbon) is a major HUB in Europe and certainly unique in the country by its size and its scope of activity, with all Front Office roles present (Trading, Sales, Research, Structuring, Quant & Engineering, Business Dev and Support, Marketing & Client Support, Risk Management, Data Analytics and Machine Learning…). We are growing fast with the ambition to become even more relevant for the worldwide activity, which presents many short and long-term opportunities

Your Main Activities Are

  • Day to day support of the London and Paris Desks:
    • P&L reporting: Interact with traders and prepare and produce a Front Office P&L explain each day
    • Run Credit Exotics Risk reports: Understand the impacts of new trades and the convexity of the position according to defined rules;
    • Lead ad-hoc initiatives contributing to the enhancement of the Trading platform: Work on tools to monitor our various products, Work on some analysis on the behaviour of specific products, Interact with IT and Quantitative team to develop necessary tools
    • Handle other tasks that are part of the mandate of the Structured Credit Team (Booking on behalf of and follow up on post-trades bookings, Credit Event management, etc.)
    • Provide support to manage the setup of valuations of Structured Credit Notes and monitor valuations, investigate and check for discrepancies in comparison to the guidelines/benchmarks provided by the desk
    • Support the ABS and CLO trading desk with quarterly security Due Diligence
    • Monitor Risk report completion for the desk and produce information report
    • Run ad hoc reports for Credit Exotics or ABS CLO Market Making
  • Structured Notes Buy back:
    • To provide liquidity through market making Structured Notes by participating in the secondary buy back of Structured Notes
    • Be the single point of contact for secondary market making activity with a size delegation up to 1 million Euros
    • Develop a good understanding of the product and liaise with the London team on trade execution
    • Regularly check accuracy of pricing send to relevant systems
    • Report to London team small size trading executed on the defined perimeter
    • To book transactions, monitor, conduct follow-ups with Middle Office and Back office

Profile and Skills to Success

  • Master’s Degree in Finance/ Economics/ Financial Analysis/ Financial Markets/ Applied Maths
  • Up to 2 years of relevant working experience in Finance, Economics, Financial Analysis, Financial markets or Applied Maths
  • Fluency in English both oral and written (mandatory)
  • Sectorial Knowledge
  • Knowledge in:
    • Financial Markets
    • Data Intelligence, Research and Quant Analytics
    • Excel
    • Bloomberg
  • Skills
    • Ability to deliver / Results driven
    • Attention to detail / rigor
    • Communication skills – oral & written

About the Team

  • BNP Paribas Global Credit is responsible for the primary (new issuance) and secondary trading of corporate (fins and non-fins) debt and related instruments such as CDS, indices, options and structured products. It comprises different roles such as syndicate, debt capital markets, trading, sales, structuring and desk analysts
  • The Credit Trading Exotic provides a wide range of product to clients ranging from single name structures (such as CLN, repackaging of Bonds and bond options) to more complex portfolio transactions (such as CLO, CDO, FTD and skew trades). The ABS & CLO Market Making Desk focuses on market making of Asset Backed Securities and CLO’s
  • The team in Lisbon supports the Structured Products Desks in their reporting activities and participates in the secondary market making activity by providing secondary liquidity for the desk with a size delegation up to 1M Euros
  • You will have strong daily interactions with the quantitative and engineer profiles and became an expert over the whole range of financial products and their behaviours, while leveraging on mathematics and programing skills to carry out different analyses

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.