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Equity Derivates Analyst

BNP Paribas
Equity Derivates Analyst
Pennsylvania, US
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Job Description

Business Overview:

BNP Paribas’ Global Markets business offers a broad range of products and services in the global interest rate, credit, currency, equities & commodity markets. Global Markets help their franchise of clients find effective ways to raise and invest capital as well as manage their exposure to risk. Their client base comprises of hundreds of corporations, institutional investors, banks, governments and supranational organizations.

Global Markets has the scale and reach to conduct business anywhere in the world and deliver products denominated in almost all of the world’s currencies. Their global network comprises more than 3,000 professionals working on our six main trading floors in London, Hong Kong, New York, Paris, Singapore and Tokyo. They are supported by regional offices throughout Europe, the Americas, Middle East and Asia-Pacific.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

· Results and Impact

o Able to influence peers and team.

o Demonstrates good judgement when making decisions of high complexity and impact.

o Exercise appropriate autonomy in the execution and delivery of work.

o Responsible for driving outcomes, which have meaningful effect on team or department.

· Leadership and Collaboration:

o Creates trust with colleagues.

o Acts in leadership capacity for projects, processes, or programs.

· Client, Customer and Stakeholder Focus:

o Able to build relationships with a mix of colleagues and clients.

o Interacts regularly with management and department leaders.

o Demonstrates the ability to influence stakeholders at the team level.

· Compliance Culture and Conduct:

o Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.

o Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.


The EQD Analyst Trading Assistant’s main roles & responsibilities fall into two main categories:

· Risk/Position Monitoring and Trade Execution

o Develop an understanding of how to monitor trading positions and risks for accuracy throughout the day.

o Coordinate and develop understanding of market lifecycle events to ensure deals are properly reflected in Risk.

o Contribute and develop understanding daily P&L estimates, produce risk explain, and investigate discrepancies with Official P&L produced by Middle Office.

o Develop an understanding of trading risks associated and products covered with designated trading desk coverage.

· Analytical and Operational Support to EQD Flow Trading Desks

o Develop understanding of trade booking and validation of trades in Front Office booking systems as soon as deals are executed, so that Bank’s risk/position is updated real-time and applicable regulatory obligations (Dodd Franck, EMIR, FINRA, etc) are met.

o Follow-up with relevant departments to ensure all aspects related to post-trade processing, (incl. trade confirmations, Risk/P&L, clearing and settlements) are successfully handled vis-à-vis of the clients.

o Resolve all internal queries from the Trading desk or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.

o Develop understanding of Post Trade Processes (Corp Actions, fixings, and Option Expiries) to be able to fully support each request.

o Request the creation of new financial instruments and new counterparties in BNPP Systems to the Operations Static Data teams.

o Improve GM framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

o Maintain proper documentation of the EQD flow trading desks Front Office operational processes.

Minimum Required Qualifications:

o Bachelors degree in Finance or related field

o Strong English communication skills

o 2+ years of related experience

Preferred Qualifications:

o Demonstrated knowledge in EQD flow trading desk/GM Markets and its industry infrastructure.

o Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for Equity Derivative transaction products (OTC Options, Listed Options, TRS, Equity Swaps, and custom baskets).

o Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).

o Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.

o Knowledge of system architecture (front to back workflow, pricers and risk management systems) for EQD products.

o Demonstrated commercial and collaborative attitude.

o Excellent communication skills (both written and verbal), including in client communication.

o Analytical mindset and problem solving.

o Very strong multi-tasking capability.

o Attention to detail.

o Ability to work well under pressure.

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