Senior Administrator, Derivatives - Glasgow - BNP Paribas

Description

BNP Paribas is the European Union's leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

COMPANY PURPOSE:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people

BUSINESS AREA

The Derivatives team exists to provide administrative activities across the end to end trade cycle of Derivative instruments, including; ETD's, CFD's and OTC, ensuring accurate feeds to the accounting platform for the purpose of NAV and Start of Day deliveries. This support includes:

Trade capture across all derivative instruments

Trade matching against Prime Brokers and Executing Brokers

Daily cash margin requirements

Monthly reset processing

Cash and Stock Reconciliation

Client, Broker and Custodian Reporting

JOB PURPOSE

Purpose: To perform the day-to-day production activity ensuring client commitments are met.

Scope: UK based with interaction across BP2S Global Derivative teams

KEY RESPONSIBILITIES

Client Service Delivery and Controls

To ensure a high quality client service is delivered to all clients, including mailbox management, attendance on client calls and prep ,referring complex/technical issues to senior colleagues as appropriate

Ensure the service level provided by the team adheres to the Client Service Delivery agreements including strong understanding of department KPIs and where the team have a direct impact of NAV/SOD

Ensure adherence to core standard operating models through the application of existing policies and procedures

Take responsibility for ensuring procedures are reviewed and updated on a regular basis, passing to senior colleagues for review.

Ensure high processing accuracy levels both personally and through oversight of the team administrator's work, identifying errors and working to address

Build strong, professional relationships with clients and be an ambassador for BNP Paribas

Develop internal stakeholder relationships with the wider team as well as general business support, co-ordinating activities to ensure smooth delivery of operational processes in accordance with agreed processes and procedures

Support external counterparty relationships, providing feedback for performance reviews e.g. brokers and custodians

Ownership of allocating daily workload within the team, providing supervision and technical support to the team administrators

Continuous Improvement & New Business

Proactive generation of ideas for improvements to systems and processes in support of client requirements and BNP Paribas Securities Service strategic objectives.

Support the development and implementation of such improvements

Involvement in the design and implementation of resilient processes and systems to support new/changes to business products including mandatory changes to market/governance and regulations

Innovate & continually challenge status quo within the governance and framework of our change program

Be a subject matter expert in your team, actively seeking opportunities to develop knowledge and expertise both within the department and on a broader level across the UK and beyond.

Risk Management

Ensure adherence to the risk and control framework, including team and departmental procedures, managing risk effectively and efficiently within the team

Ensure an effective and robust governance structure is in place for the team

Accuracy – focusing on getting it right first time

Support business contingency plans as required

Ensure adequate internal controls are in place and correctly followed to mitigate operational risk

Ensure that internal and external audit/compliance/risk requirements are met

Personal Development

Proactively manage own personal development, taking accountability for personal objectives to support the overall performance of the team, taking guidance from senior, more experienced colleagues where required

Consider personal objectives in line with business objectives, driving forward personal development opportunities

Budget Management / Productivity

Understand the factors which influence unit cost eg capacity/workload drivers

Strategy and Governance

Contribute to raising the profile of the UK branch of BNP Paribas Securities Services.

Key stakeholders

Internal cross functional teams

External clients

Brokers and custodians

REQUIREMENTS

Essential

Professional qualification (or equivalent level of expertise in relevant technical area)

Strong working knowledge of policies/procedures and regulations within client delivery and company side

Strong risk management awareness

Strong client service skills with good written and oral English skills to allow concise explanations on technical issues where applicable

Involvement in change initiatives with ability to adapt to an ever changing environment

Accuracy and meticulous attention to detail

Desirable

Industry knowledge and understanding of Middle Office processing function

Computer literacy with ability to use enhanced, specialist applications

Ability to coach and support colleagues in development

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank's strategy, commitment, work ethic, integrity and Code of Conduct).

A BIT MORE ABOUT WHY YOU SHOULD JOIN US

1. We're a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

• Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
• Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in Scotland – include free monthly massage and yoga, mental health first aiders and seasonal flu vouchers.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
• Subject to relevant caps

2. As the eurozone's largest bank, we are committed to having a positive impact in the world.

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3. We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.

Investing in our people also means we have a collaborative and inclusive culture:

• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

EQUAL OPPORTUNITIES

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

ADJUSTMENTS

We don't want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you'd benefit from some adjustments or additional support, please let us know as early in the process as possible.

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