The Securities Services business of BNP Paribas is one of Europe's leading providers of custody services for securities.
The Luxembourg branch plays a major part in its operations, offering clients high value-added services extending from custody to securities lending, fund administration, performance measurement and ratings, and bond issuance services.
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We are currently looking for a:
Opérateur Front office - Forex & Money Market Trader (M/F)
Permanent contract
Your mission:
The MFS department in Luxembourg is a hub from where we provide the Passive Currency Overlay service which consists in hedging the currency exposure.
Context :
Sales-Traders executes Forex orders coming from custody customers from BNP Paribas Securities Services.
Executing client trades requires quality, reliability and quick decisions in order to ensure good clients relationship and keep the balance between Bank and clients’ interests.
The Sales-Traders have to deal while respecting rules and process of CIB2S and MFS, including:
- Risk management and the respect of trading limits
- Fair execution, regarding clients and hedging counterparties
- Control and validation of trades according to the four eye principle
- Split of tasks considering rules of internal control
- Reporting of transactions
- Application of Code of Conduct and pricing guide lines
Under the responsibility of the Head of Local Trading Desk, the Senior Sales-Trader may execute the following tasks:
• He manages the relationship with clients and counterparties by offering services and products of MFS; he receives clients’ orders and negotiates prices. He ensures monitoring and the transactions’ control.
• He manages the risks of each transaction for clients and counterparties, but also for the Bank (checking of client identification, banking account control, Credit Limits, Emir compliance, etc). He ensures the correct order execution, the hedging and the required nettings.
• He guarantees the correct execution of client FX deals (negotiation with clients and counterparties, execution with allowed counterparties and client pricing) while respecting the processes and procedures within MFS Luxembourg. He is also in charge of the daily P&L optimization.
• He guarantees the correct execution of clients in the MFS Passive Currency Overlay programme (execution with allowed counterparties and client matching in HAWK PCO system) while respecting the processes and procedures within MFS Luxembourg.
• He provides an accurate confirmation of the transaction terms to the clients.
• He ensures the transactions’ monitoring (transmission of execution prices to the client and transmission of all necessary information towards Trade Support for control purposes).
• He ensures a quick and fair pricing in e-platforms and closely monitors client’s requests in Bloomberg chat.
• He ensures a quick input of trades into K+.
• He follows up the correct inflow of trades into K+ and respects the trading mandate fixed by the management.
Your profile:
Education:
Minimum of 2 year higher education (business or engineering school), or minimum of 5 years ‘experience in FOREX Trading / Sales-Trading
Professional Experience:
Previous experiences in the FX & PCO sector or the fund industry are an asset
Behavioral Skills:
- Client focused
- Attention to details and results driven
- Ability to share / pass on knowledge
- Capacity to analyze, synthetize large volumes of data
- Critical thinking and problem solving skills
- Knowledge and experience in project management and transversal activities
Technical Skills:
Good knowledge of financial products (Money Market, Forex,)
Good knowledge of risks management
Office tools used in a front office. VBA programming would be a plus
Language Skills:
French and English required - An additional language would be a plus GERMAN
During the finalization of the recruitment process, the preselected candidate will be asked to provide us an extract from his/her criminal record dated less than 3 months (record N°3 for Luxembourg), according to the dispositions of the law from July 23 2016 concerning the criminal record.
Lieu principal
: LuxembourgType d'emploi
: CDIDomaine d'activité
: TRAITEMENT DES OPERATIONSHoraire
: Temps plein
