Structured Credit Trading Analyst Trainee

• The team in Lisbon supports the Structured Credit Products Desk in their day-to-day activities and participates in the secondary market making activity by providing secondary liquidity
• You will work closely with Traders, Quants, Structuring and Sales offering a unique opportunity to master a broad spectrum of financial products and their market behaviours
• Day-to-day support of the London and Paris Desks

• Profit & Loss (P&L) reporting: Interact with traders and prepare and produce a Front Office P&L explain daily
• 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 and 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 Asset Backed Securities (ABS) and Collateralized Loan Obligations (CLO) trading desk with quarterly security Due Diligence and daily Tasks

• Master’s degree in Finance, Mathematics, Engineering, or Economics
• Strong understanding of fundamental market concepts and dynamics
• Advanced analytical and quantitative skills
• Fast learner with a passion for financial markets
• Advanced Excel skills
• Strong analytical, written, and oral communication skills
• Fluency in English

• The Credit Trading Exotic provides a wide range of product to clients ranging from single name structures (such as Credit‑Linked Note (CLN), repackaging of Bonds and bond options) to more complex portfolio transactions (such as CLO, Collateralised Debt Obligation (CDO), Fail‑to‑Deliver (FTD) and skew trades). The ABS & CLO Market Making Desk focuses on market making of Asset Backed Securities and CLOs
• Global Markets, the capital markets division of BNP Paribas’ Corporate & Institutional Banking, is a powerhouse delivering top-tier solutions across asset classes. Our Portugal Platform (Porto and Lisbon) stands as a major European HUB and a unique player in the country, boasting a wide range of Front Office roles and services – Trading, Sales, Research, Structuring, Quants & Engineering, Business Dev and Support, Marketing & Client Support, Risk Management, Data Analytics and Machine Learning. With rapid growth and ambitions to make a global impact, we offer numerous short and long-term opportunities
• Get a glimpse into our world- Check out our Global Markets Portugal webpage

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Why joining BNP Paribas? 

BNP Paribas, the European leader in banking and financial services in Europe, operates in 64 countries and has nearly 180,000 employees. The Group is structured around three operating divisions. Its business lines cooperate closely, as part of our integrated model, to meet the needs of all our clients in a coordinated manner:

Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 9.700 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.

Diversity and Inclusion Commitment

BNP Paribas´ ambition is to cultivate an open and responsive environment for all that encourages collaboration and interaction. We demonstrate our commitment by actively contributing to the Group’s Diversity and Inclusion strategy and goals, in line with the United Nations Sustainable Development Goals. As part of our local Corporate and Social Responsibility – Diversity & Inclusion strategy, BNP Paribas Portugal is committed to:

To foster the effort of BNP Paribas Portugal, multiple initiatives and events take place throughout the year where our people can find out more on the importance of diversity inclusion at the workplace and in our society.

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 options adapted to our hybrid working environment. To ensure a comfortable and efficient working setup, eligible employees are provided with both office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional items at reduced prices. 

Commitment towards work/life balance

Supporting employees in a hybrid way of working while providing them with the means to maintain a work-life balance is an essential dimension of our Smart Working program. At BNP Paribas, we care about our employees’ wellbeing and promote a culture of good integration between work and personal life. 

To find out more on why you should join BNP Paribas please read our Employee Value Proposition and our Career path page.

* 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.