About the job

The purpose of the Lisbon PCO dual team is to support the Luxembourg PCO operational hub on the day to day processes. Following the business characteristic, the passive currency overlay officer doesn?t take any decision of trading but strictly follows client hedging guidelines. The officer actions and monitors the PCO processes following standardised calculation within the in-house developed platform.

The PCO officer must apply the Conduct rules defined by the group BNP Paribas. In the precise scope of Passive Currency Overlay, he/she must ensure fair treatment between all the clients and the protection of client interest.

Your Main Activities Are

• Ensure delivery of the daily production

• Control, analyse & validate the data received from clients provider (Transfer Agent, Fund Accountant)


• Launch the automated order generation process in application of the client hedging guideline


• Control orders generated by the system


• Investigate in case of warning raised by the control process.


• Control credit risk associated , request credit risk one-off approvals when necessary


• Follow-up the order transmission for execution by the appropriate desk,; either BP2S desk as principal or client execution desk.


• Follow-up reception of the executed trades and accurate booking in the PCO Platform


• Launch and deliver client reporting


• Ensure full handling of internal or client?s queries. Enrich and maintain the PCO client query log


• In case of incident, ensure end-to-end management of the incident process: Resolution, Communication & Action plan

• Monitor and maintain the PCO platforms data

• Maintain, control and update client hedging guideline in PCO system in line with contractual setup


• Control client credit risk limit and liaise with client management to request limit increase when necessary


• Maintain and control client legal documentation. Follow up legal amendment after client hedging change request


• Generate and control the reporting required by Finance department to generate client bills

• PCO Team activity

• Participate to the team planning : tasks & role assignment, day off management


• Participate to the continuous training process to ensure skill sharing across the team


• Contributes to the daily, monthly and yearly control plan. (Client Specific reporting, KPI, End of month control?)


• Contribute to the identification of improvement areas, suggest and follow up action plan to reinforce the control framework


• Participate to the preparation of new client on boarding in relation with the structuring team.

Profile and Skills to Success

• Business School / Engineering School ? Master level +5yrs


• Experience in the financial services industry and financial market


• Fund Industry knowledge is an advantage


• Experience in Forex is also an advantage


• Risk Management & Compliance notions


• Fluent English


• Customer oriented


• Strong orientation detail


• Excellent interpersonal skill


• Team Work


• Analytical ability


• Risk awareness


• Capacity to report


• Proper conduct

About the Team

MFS Passive Overlay is a business line of Bp2S Market Financing Services. It offers hedging FX executions services out of the automated hedging calculation. Automation is ensured by the in house PCO IT platforms that incorporate client hedging guidelines.

The activity is operated from Luxembourg that acts as a hub for Luxembourg, UK, France and Dublin clients.

A Dual Office with resources based in Lisbon support the Luxembourg operational processes and ensure an efficient Business continuity plan

This activity started at Bp2s in 2012 and had a very significant growth since inception.

• Management of more than twenty clients for an Asset under Service of more 25 bio Euro


• Management of a continuous flow of on boarding for existing and new clients


• Continuous adaptation of the production processes to cope with volume increase, new service offer and internal system upgrades.

Why joining BNP Paribas?

• Leading banking institution

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 72 countries, with around 200 000 Employees ? including more than 150 000 in Europe.

· Our presence in Portugal Present in Portugal

Since 1985, BNP Paribas was one of the first foreign banks to operate in the country. Today, the Group has around 6.500 employees across several entities operating directly in the territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

• International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients 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.

In its Corporate & Institutional Banking and International Financial 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.

• Diversity and Inclusion commitment

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.

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

• 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