JOB PURPOSE

Agency Lending offers institutional investors the opportunity to generate returns through the provision of a guaranteed return on their investment portfolio. We provide securities lending services to our clients, which is considered as a value-added product to accompany global custody, fund administration and middle office outsourcing.
The Trader acting at Vice President level will be responsible for the day to day Agency Lending activity, trading with counterparties to maximise revenues in line with regulatory requirements and BNPP policies.
They will act in a senior capacity in the absence of the Trading Desk Head and ensure all key procedures and processes are carried out by the trading team.
The role covers not only the AGL EMEA, but includes collaborating with trading desks in Hong Kong, New York and Sydney

KEY RESPONSIBILITIES

The purpose of the role is primarily to trade securities lending with a high level of customer service and to maximise profit within the business and regulatory framework.

KEY RESPONSIBILITIES OF THE ROLE:

Manage the day to day business of Agency lending
Delegate key tasks to team members, ensuring they are completed
Point of escalation for sensitive topics in order to resolve in a timely manner
Negotiate and agree fee rates for securities lending trades within business
Act on direction from desk head and implement trading strategies to meet client needs
Covering short position request from borrowers
Adept at managing and building borrower relationships
Identify and agree trade structures and collateral swaps
Book management to ensure we are in line or outperform the market
Effective co-ordination with global teams Hong Kong, Sydney, London and New York desks
Ownership of claims in need of payment to reduce costs incurred by BNP
Ensure procedures are up to date, well maintained and improved where possible while enhancing control functions
Assist Operations, Corporate Actions, Dividends and Billing with relevant information to facilitate their daily tasks
Ensure AGL adhere to credit lines, VaR, BEST, NC+, PFE and client limits. Running simulations where needed prior to trading
Provide training to new / less experienced team members where needed
Strong grasp of regulation and trading strategies required to adhere to these
Ownership of revenue estimates for potential and existing clients
Knowledge of Revenue metrics and performance to forecast and budgets
Propose solutions to streamline existing processes and improve efficiency across the product
Assist with KYC requirements as requested

COMPETENCIES REQUIRED FOR THE ROLE:

Essential
Strong trading experience and understanding of Securities lending front to back operational flows
Strong technical skills
Excellent verbal and written communication skills
Ability to work under pressure and to strict deadlines
Attention to detail and accuracy
Computer literate with sound working knowledge of all Microsoft Office programmes
Ability to work both alone and in a team
Knowledge of regulatory framework from a macro perspective and directly impacting BNP and our clients, with an ability to mitigate potential risks faced
Competent Microsoft Office and VBA skills
Able to delegate and communicate across internal teams
Familiar with Bloomberg
Previous securities lending experience
Desirable
Coding experience: Python and Microsoft BI
Second language
Qualifications required for the role:
Essential::
CISI Regulatory and Securities Exams
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).