Equities Derivatives Flow Trade Support Analyst
Job No:
139363
Location:
Montreal, QC
- Build a rewarding career with an analyst role at a leading international bank.
- Receive a highly competitive salary based on skills and experience.
- Receive excellent benefits along with 4 weeks of vacation.
About BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. Our Group has key positions across the following main activities:
- Domestic Markets and International Financial Services, whose retail-banking networks and financial services are covered by Retail Banking & Services.
- Corporate and Institutional Banking, which serves both corporate clients and institutional investors.
As a Group, we help all of our clients (individuals, community associations, entrepreneurs, SMEs, corporates, and institutional clients) to realize their projects through solutions that span financing, investment, savings, and protection insurance. BNP Paribas Group has a presence in 75 countries, supported by the hard work of more than 189,000 employees. We know that our success is thanks to the dedicated people who make up our team, and we reward their work with competitive salaries, excellent benefits, and a positive corporate culture. If this feels like a company that you could build a career with then we want to hear from you.
For more information, please visit our careers page by clicking here.
About the Opportunity
BNP Paribas Group currently has an exciting opportunity available for an Equities Derivatives Flow Trade Support Analyst to join our team on a full-time basis. Though we are currently working remotely, the successful candidate will be expected to be based within or relocate to the province of Quebec. The job position is based in Montreal.
The Equities Derivatives (EQD) Flow Trade Support team provides essential operational risk management and control, preserving and enhancing the firm’s assets and its reputation. The bank has a substantial Equities trading presence in London, New York, and Asia. The team supports the execution of Equities based OTC instruments transacted by the Trading and Sales businesses with additional focus on risk management, reporting, client service, and strategic initiatives driven by technology, regulatory/industry requirements, and new business/products.
The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. A key focus for the organization is establishing strong risk management procedures and controls to ensure the firm and our clients are properly protected. The individual will be responsible for monitoring and proactively resolving trade breaks on Trade Date, performing PV checks to ensure all economic details are in line, ensuring all positions and P&L match between deal capture systems and settlement systems, resolving all issues raised by Front Office and Back Office, and addressing any ad-hoc requests.
With varying levels of responsibility and autonomy, some of your key responsibilities in this position will include:
- Working with Front Office, P&L, Back Office, third party vendors, and Application Support to resolve operational and booking issues
- Monitoring operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum
- Ensuring accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss
- Managing real-time trade booking exceptions internally between the trading desk and Salesforce
- Assisting with project initiatives designed to improve and streamline existing processes
- Mitigating risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records
- Participating/assisting in event processing and having a full understanding of the life cycle of a trade
- Collaborating with technology teams on the implementation of process flow improvements and efficiencies
- Contributing to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services
- Liaising with other operation functions and other infrastructure groups to support a ‘one team’ approach
More About You
In order to qualify for this role, you will need previous experience (2+ years) in a derivative middle office environment or prior experience in working with trading/sales in a financial institution. An understanding or strong qualifications in equity derivative markets along with financial market knowledge of derivatives products including futures, variance products, option combination (call puts straddles), etc. would be considered a strong asset.
As our ideal candidate, you'll join us with excellent written and verbal communication skills, along with the ability to multi-task and prioritize in a fast-paced environment. You are ambitious with a strong academic background, with excellent attention to detail and accuracy. You are well-organized, and have the ability to take direction and carry out processes as defined, and are able to use problem-solving skills to troubleshoot and work through undefined situations when needed. In addition, you have the ability to work well both independently and in a team environment, with flexibility to adapt to changing environments, and the ability to demonstrate a strong sense of risk and critical thinking. Strong Excel/PC skills with proven ability to work with multiple systems, along with coding skills will be a strong asset in this position.
Above all, you'll be an enthusiastic and meticulous team player who is a quick learner and eager to use your skills to deliver excellent results for our organization. Your inclination towards providing great customer service, and dedication to the work that you do will ensure that you work effectively and efficiently towards competing deadlines.
About the Benefits
In return for your hard work and dedication, you will receive a highly competitive salary based on skills and qualifications, along with the following excellent benefits:
- Medical, vision, and dental benefits
- 4 weeks of vacation along with 2 mobile days, and 3 flex Fridays every summer
- Basic life/accidental death & dismemberment/dependent's life insurance
- Travel assistance
- Sick days & short-term/long-term disability
- Employee assistance program
- Defined contribution pension plan
- A $500 COVID-19 employee deductible for working remotely - COVID-19 allowance for 2021
- Unpaid days and 5 family days, 3 paid and 2 unpaid
- Homeownership program - the bank grants a bonus rate of interest based on a grid varying from 2% to 4%
- Corporate discounts covering gym memberships and home/automobile insurance
- Training and professional development available on an array of topics
- Fitness policy for registration or subscription fees for a physical or relaxation activity
- A huge number of social and community events supported by our Employee Resource Groups (ERGs)
Working with BNP Paribas means working with a sustainable & responsible global leader, a learning company, an open-minded group, and a place where you can work differently - Apply Today!