FXLM Sata Analyst – Global Markets

November 15, 2022
Employment contract
Standard / Permanent
Job / Mission
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In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2022. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance

The FXLM Trading Assistant’s main role & responsibilities fall into three main categories.

In detail

  • Risk/Position Monitoring and Deal Capture
    • Monitor positions and risks for accuracy throughout the day.  Ensure trades are booked accurately and timely to avoid risk outages and incorrect risk representation.  When outages are identified, ensure timely and accurate resolution and escalate issues to trading and sales desks.
    • Establish, perform and maintain a proper control framework:
    • Create and maintain a control framework within the PCM Front Office Support team. Where required, after having performed an impact analysis, adapt and implement changes to the team control framework to respond to new laws and regulation.
    • Maintain proper documentation of the FXLM Front Office operational processes.
    • Monitor the various error monitors and task stations to ensure all trades feed properly through the systems. This includes performing front office to back office systems reconciliations and resolve any discrepancies.
    • Perform front office to back office systems reconciliations and resolve any discrepancies.
  • Analytical and Operational Support to FXLM Sales and Trading Desks
    • Book, process and validate 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.
    • 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.
    • Resolve all internal queries from the Sales and Trading desks or various Partner Functions (IT, Middle & Back Offices, Legal, Risk…) on client transactions executed by Desk.
    • Processing of post Trade Processes (Fixings, Novations, Rate Contributions, NPV’s, Early Terminations and Option Expiries).
    • Maintain proper documentation of the FXLM Front Office operational processes.
  • Process & Client Services Improvements
    • Make recommendations for improvement of current processes, working with business analysts on projects impacting desk and Front Office Support processes.
    • In partnership with internal and external stakeholders, develop solutions to resolve recurring issues and improve customer service.
    • Improve FXLM IT framework: report issues/bugs and propose IT enhancements to make the platform more scalable and resilient.

The strengths and skills that will help you succeed

Required Education and Experience

  • Bachelor’s degree or foreign education equivalent in Finance, Economics, or Mathematics.
  • Minimum of Two years of experience in a Front or Middle Office Trade Support role within Global Markets supporting Foreign Exchange and Local Market Rates Transactions.

Essential Skills/Competencies:

  • Demonstrated knowledge in Foreign Exchange (Flow and Options) and Local Markets Rates and its industry infrastructure.
  • Working knowledge of trade booking, validation, market lifecycle events, settlement and confirmation process for FXLM transaction products; including Spots, Forwards, Swaps, NDF’s, Options, Exotic, IRS, and CDS.
  • Working understanding of the applicable regulations (EMIR, Dodd Frank, FINRA, FATCA…).
  • Demonstrated expertise using Excel and VBA to simplify and automate manual Front Office processes.
  • Knowledge of system architecture (front to back workflow, pricers and risk management systems) for FXLM products.
  • Demonstrated commercial and collaborative attitude.
  • Excellent communication skills (both written and verbal), including in client communication.
  • Analytical mindset and problem solving.
  • Very strong multi-tasking capability.
  • Attention to detail.
  • Ability to work well under pressure.

What’s in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

  • We will review candidates as they apply, so don’t wait to submit your application;
  • If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
  • You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
  • Given the vast majority of our clients, both internal and external, is based outside of Quebec and Canada, our positions require employees to speak another language than French – being English for most positions; other languages such as Spanish or Portuguese may be also specifically required and such will be clearly mentioned in the requirements of the position;
  • All BNP Paribas employees in Canada must be adequately vaccinated against COVID-19 on the date of hire, unless exempt for a reason protected by the Canadian Human Rights Act.

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

  • Montreal Top Employer 2022
  • Women in Governance  – Parity certified –  Silver certification
  • CCDI Consulting Inc. (Canadian Center for Diversity and Inclusion)
  • Pride at Work Canada
  • Rainbow Accreditation issued by Canada’s LGBT+ Chamber of Commerce (CGLCC)
  • ROSEPH – Grouping of specialized organizations for the employment of persons with disabilities
  • IndigenousWorks

Do you want to discover other BNP Paribas offers in Canada?

Click here: BNP Paribas in Canada Our job offers

** Only selected applications that meet the requirements of the role will be contacted **