BNP Paribas is a leading European bank with an international reach. It has a presence in 72 countries, with more than 202,000 Employees ? including more than 154,000 in Europe and over 5,000 in Portugal alone.
BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.
Worldwide, the Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
The Forex and Money Market (FXMM) Settlement team is part of the Settlement Department of Global Markets Operations. This team is in charge of the settlement of all Foreign Exchange, Precious Metal and Money Market transactions done under BNPP Paris and BNPP London entities by the Global Markets and Asset and Liability Management (ALM) & Treasury Businesses.
This settlement team leveraging on its centre of expertise is also servicing other BNPP Group entities such as BNP Paribas Securities Services, FINAMS, Personal Finance, Opera? for the settlement of their Forex and/or Money Market trades.
Our main clients are international Corporates (major corporations & medium-sized companies) and Financial Institutions (general and specialised international Banks including Central Banks, pension funds, fund managers, insurance companies and supranational entities).
The Settlement teams handle all transactions initiated by Global Markets trading desks mainly based in Paris, London, Singapore and New York, by ensuring that all trades feeding the Operation systems are announced to the BNPP Treasury and settled in due time.
The Settlement team?s primary function is to ensure that settlements of all transactions booked by Trading and Sales desks through the Front Office systems are paid in accordance with BNPP Procedures and in due time.
A wide range of products are traded by the Trading desk in all currencies and precious metals including FX Spot, FX Forward, FX Swap, Non Deliverable Forward (NDF), vanilla and exotic FX Option, Loan & Deposits, Bullion, Structured Products, Cash Collateral.
The Settlement team ensures that all payments are properly controlled; all issues identified should be reported and fixed in a timely manner by working closely with a wide range of departments: the Confirmation Matching teams, Payment Investigations team, Front Office (sales & traders), Trade Support / Middle-Office, IT, Compliance, Counterparty Risk, Legal departments.
The Settlement team performs critical Control and Risk roles through the daily management of the Embargo and Sanctions payment alerts that could occurred.
The team is also responsible for verbal and written affirmation of trade or cash-flows details with client?s prior to settlement date, notably on the Netting process.
Settlement teams are involved in process improvements with special focus on STP processing and management of risk and controls, new product initiatives, development of new business in all regions.
ROLE AND RESPONSIBILITIES
Please note that only applications submitted in English will be considered.
In case you are selected for this role, further documentation will be requested to support your hiring process.
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.