Senior Associate / Asst. Manager – Sales Trading

March 18, 2024

Senior Associate / Asst. Manager – Sales Trading

ReferenceCIB008309

  • Standard / Permanent
  • IN-MH-Mumbai
  • CUSTOMER RELATIONSHIP MANAGEMENT
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About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

 BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function :

The Sales and Trading team engages with Hedge Fund clients for providing liquidity and exposure on short & long financing through prime trading products. They also provide Short side analytics and market colour to hedge funds and manage bespoke client requests

Job Title:

Sales & Trading Assistant

Date:

March 12, 2024

Department:

Prime Services

Location:

Mumbai, NKP

Business Line / Function:

Prime Trading

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

TBD

Number of Direct Reports:

0

Directorship / Registration:

NA

Position Purpose

The team is looking for a resource who can work in close coordination with traders located in New York, London, Paris and other hub locations and provide bespoke analysis, assist with inventory management, efficient book management, provide short interest color and commentary, work with the traders on Ad hoc requests and collaborate with other desks within the business to provide high quality solutions.

Responsibilities

Direct Responsibilities

 

Assist, improve, and possibly take ownership of:

  • Working closely with the Sales Trading desks to learn the various parts of the Prime Services business at BNP Paribas, developing an understanding of the front to back operations of the business.
  • Assist the desk with Dividend and voluntary corporate action checks for funding and LCR mitigation swap trades
  • Projects assigned by the traders in areas of client re-rates, dividend exposure and short side analytics
  • Short interest color-based reports to be sent to clients based on varied themes around earnings, sector trends, IPO lock-up liquidity, Crowded Shorts and Convert Arb color
  • Tracking and analysing trade level PnL for client short positions, including managing pricing and re-pricing of client short positions with reconciliations.
  • Ad hoc requests from the trading desk with respect to preparing pitch decks, client portfolio color and book spread analysis
  • Working closely with the New York trading desk for T+1 settlement cycle transitional period on multiple projects and daily flow management

 

Contributing Responsibilities

 

  • Working with colleagues in client analytics and other teams on projects related to analysing historical data and building dashboards connecting various databases
  • Helping with trade bookings as and when required

Technical & Behavioral Competencies

·         Graduate degree in Finance, Engineering or economics preferred

·         Understanding of various financial products, equities, prime services and global Markets

·         Experience in programming (Python/ VBA) and analytical tools would be beneficial

·         Excellent communication skills (written and verbal), comfortable working and communicating with various teams spread across regions.

·         Attention to detail, ability to raise problems immediately to the broader team when necessary

·         Strong Microsoft Office skills, specifically in Excel

Specific Qualifications (if required)

                                                           

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Communication skills – oral & written

Client focused

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Analytical Ability

Ability to develop and leverage networks

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

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