BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial
services. The most profitable bank in the Euro zone, it has a presence in 85 countries
with close to 100,000 employees. The group enjoys key positions in Corporate and
Investment Banking, Private Banking & Asset Management, Insurance, Securities
Services and Retail Banking.
Position: Commodities Trade Support
Department: GECD Global Equities and Commodities Derivatives
Reports Directly To: Head of Commodity Trade support
CIT MO TS is in charge of the covering all commodities executed through their
regional platforms (US, EUROPE, ASIA) such as Base Metals, Precious Metals, Soft,
OIL, Emissions Power , GAS and exotic activities. The CIT MO TS team is
responsible for validating, reconciling and maintaining the integrity of trades booked
while ensuring maximum visibility of any issue through an effective communication
with all stakeholder teams (FO, BO, MO P&L, Finance). The CIT MO TS team must
ensure that processes, procedures and controls are documented and put in place in
order to minimize both operational risk and risk of fraud. Any issue identified by the
CIT MO TS team as causing a risk should be escalated to MO Management team.
Trade reconciliation: CIT MO TS should make sure that any trade
executed by FO is recorded in his blotter and that either a broker, marketer
or trader confirmation has been received thanks to a full reconciliation
between these different sources. Any discrepancy should be escalated to FO
Trade validation: CIT MO TS should make sure that any static or economic
characteristic of the booking in the booking system is reconciled with an
external source. Any discrepancy should be escalated to FO for investigation.
P osition & Trades reconciliation: CIT MO TS is in charge of the D 1
reconciliation of the position and trades with Back-Office or Clearer by
analyzing the breaks identified during automatic or manual reconciliation.
Any break should be investigated with FO. If necessary and upon FO
approval, CIT MO TS should correct the booking in the booking system and
communicate the impact (P&L and Delta) to FO and MO P&L teams.
Trade amendment : CIT MO TS is in charge of amending trades in the
booking system after its validation in case an amendment is requested
following an error detected during the control chain (confirmation,
reconciliation with BO, reconciliation with Finance…). In any case, FO
approval should be given prior to any update. P&L and Delta impact should
be communicated to both FO and MO P&L team in case of any update of an
economic characteristic of the deal.
Events booking: CIT MO TS is in charge of the booking in the booking
system of any event on an existing transaction (novation, early termination,
expiry, exercise, assignments…). CIT MO TS should perform a P&L impact
for each modification, which should be validated by FO and communicated
to MO P&L team Projects As a member of the CIT MO TS team, the
analyst can contribute or lead projects related to the improvement of the
processes and systems. The analyst should take initiative to propose new
developments or improvement in the existing chain in order to secure the
processes and reduce the operational risk.
Operational Permanent Control The analyst should contribute to BNP
Paribas Operational Permanent Control framework by keeping procedures
up to date of any change in the processes, identify areas of risks in the
processes and escalate these risks to the MO Management. The analyst
should also escalate to the MO management any incident linked to a process
failure (regardless of the team in which the process failure occurred).
Skill Set: Candidates should have a good level in Mathematic and Finance. The
knowledge of VBA is a real plus..
Anyone interested in the role please email email@example.com