Experienced FX+ Product Developer

Publicado 25-01-2021

BNP Paribas

Lisboa Lisboa (Contabilidade / Finanças)


BNP Paribas is a leader in the Eurozone, and a prominent international banking institution with strong roots in Europe's banking history. It has a presence in 71 countries, with 200 000 Employees ? including more than 150 000 in Europe and 6 000 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, the Group has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

Thanks to its international presence and regular and close collaboration among its businesses, BNP Paribas has the resources to support all clients - individuals, entrepreneurs, SMEs, large corporates, institutional investors and community organisations - with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions: Domestic Markets and International Financial Services for retail banking and specialised financial services, and Corporate & Institutional Banking for corporate and institutional clients.

The FX Payments activity is a key area of growth for Global Markets. In order to support and accelerate that growth an electronic platform (FX+) has been designed. FX+ is delivering automated FX solutions to support other BNPP business lines such as Cash Management, Trade Finance, Correspondent Banking, who require FX to deliver transactional services to their clients.

  • FX+ Payments is a platform that manages the execution of FX within International Payments
    (i.e. Payment + FX in one transaction).
  • FX+ is successfully implemented in ca 40 countries across Europe, MEA, APAC and North America ; it is globally generating a very significant stream of revenues for BNP Paribas
  • FX+ aims to strengthen the BNPP FX electronic offer: Enrich the transaction banking offer (pricing flexibility, extend currency coverage ?) with a better FX execution (transparency, automation of processes, 24/7 service, ...)
  • Within this context, FX+ drives the cross selling with new Business lines (Cash Management, Trade or Supply Chain) and Third parties (Retailers, Payment Service Providers?) through a complete and integrated FX+ Product suite, involving innovative Open Banking API solutions.

The FX+ Platform development and the FX Payments marketing are part of the Global Markets eCommerce & Digital (eC&D) team, which is globally responsible for driving the digital strategy and associated transformation across the Global Markets business lines.


ROLE AND RESPONSIBILITIES

The Product Developer contributes to the development of the FX Payments Product Offer & Tier 1 Platform Construction

  • The role is a Business position and will cover all FX+ Product Development dimensions including delivery of new product features/improvements, industrialisation and performance enhancements, Client feedback & market benchmarking, investigation of new Business models / areas of growth
  • The role is global: the scope covers all CIB countries, Domestic markets and International Retail Banking territories across the globe

Main responsibilities:

  • Improve the product offer by scoping and managing the delivery of new FX Payments end-to-end features, as well as coordinating all stakeholders/contributors within the various organisations involved
    • Transversal features (currency coverage offering, pre-trade transparency with indicative / interactive rates at payment submission, ?)
    • Segment specific features (Retail specific, corporate specific, ?)
  • Refactor and Industrialise the FX Payments platform to make it resilient, scalable and agile
    • Drive the industrialisation of the technical platform with our IT counterparts
    • Continuously monitor and improve operational workflows to reduce operational risk and maximise STP
    • Manage the design, delivery and launch of new FX features and synchronise their activation with the roll-out team
    • Monitor FX+ Product performance (KPIs, Dashboards? ) to ensure its resilience, drive business development and the product strategy
  • Implement a bullet proof Conduct framework (live rates, robust pricing framework, pre-trade / post-trade transparency?) in coordination with the local businesses, ensuring the FX+ Product suite is compatible with the local market requirements
  • Help build a Tier 1 Platform close to the best-of-breed solutions on the market (Citi, HSBC, JP Morgan, BAML?)
    • Benchmark offers against competition (Banks / Fintech), investigate potential partnerships / participation
    • Build Business cases for new FX+ Product enhancements to support the global business growth
    • Support the FX+ Product commercialisation and the features activation plan in coordination with the Rollout and Distribution team

PROFILE

  • Academic background in Finance, Economics or Management;
  • 3-7 years of experience in Product / Project Management or similar role within the industry: scoping, sponsoring and delivering projects in relation to Global Markets or Transaction Banking sectors (business case and scoping study, Business Requirements, management of the delivery along with Business Lines / IT / Operations);
  • Business or operational knowledge of the Transaction Banking / FX activities;
  • Understanding of the treasury challenges faced by Corporate clients, specifically w.r.t payments and management of multiple currencies;
  • Expertise on Product offering to Corporates (Cash management, Trade Finance, FX, Deposits, ?) a plus;
  • Used to work in multi-cultural environments and fluent in English (oral and written).

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.