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Junior Trading Assistant - Structured Trading Desk

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BNP Paribas

3mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Data
    Banking & Finance

AI generated summary

  • You need a Master's in Finance/Math, 1-3 years experience, understanding of credit derivatives, strong Excel and VBA skills, analytical mindset, clear communication, and teamwork.
  • You will support traders with P&L reporting, risk analysis, trade bookings, and liquidity provision, while ensuring accurate pricing and effective communication with teams.

Requirements

  • Master's degree level in Finance or Mathematics (Engineering bachelor will be a plus)
  • Preference for 1-3 years of relevant professional experience or graduates with finance background
  • Demonstrates an understanding of Credit derivative/Structured products including valuation, pricing, applications
  • Develop a good understanding of pricing by taking into consideration the Bank's franchise and relationship with the client
  • Analytical and quantitative skills - Good knowledge of Excel
  • Ability to process large amount of data and make extractions from various systems
  • Knowledge of VBA programing skills is favoured
  • Ability to communicate clearly in both oral and written form (in English)
  • Accuracy and rigorousness
  • Reliability and capacity to deliver
  • Autonomy and proactivity
  • Team spirit and ability to work with others

Responsibilities

  • 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

FAQs

What is the primary location for the Junior Trading Assistant position?

The position is based in Lisbon, Portugal.

What are the main responsibilities of a Junior Trading Assistant in this role?

The main responsibilities include day-to-day support for the London and Paris Desks, P&L reporting, running Credit Exotics Risk reports, enhancing the trading platform, monitoring valuations, providing support for security due diligence, and participating in secondary market-making activities.

Is prior experience required for this position?

Preference is given to candidates with 1-3 years of relevant professional experience; however, recent graduates with a finance background are also considered.

What educational background is preferred for applicants?

A Master’s degree in Finance or Mathematics is preferred, and an Engineering bachelor's degree is considered a plus.

Are analytical skills important for this role?

Yes, analytical and quantitative skills are crucial, along with a good knowledge of Excel and the ability to process large amounts of data.

Is programming experience necessary for the Junior Trading Assistant position?

While not mandatory, knowledge of VBA programming skills is favored for this role.

What language skills are required for this role?

Candidates must be able to communicate clearly in both oral and written English.

How does BNP Paribas promote work/life balance?

BNP Paribas promotes a culture of good integration between work and personal life, believing that a balanced life is fundamental for employees to recharge physically and mentally.

What benefits do employees receive for remote working?

Eligible employees benefit from flexible remote working modalities, are provided with necessary equipment, and receive an equipment allowance to support a comfortable working setup.

What is the company’s stance on diversity and inclusion?

BNP Paribas is committed to equal employment opportunities and strives to ensure that no individual is discriminated against based on various factors, fostering a diverse workplace that enhances creativity and productivity.

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BNP Paribas

The bank for a changing world

Finance
Industry
10,001+
Employees
1848
Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.