MFS Client Delivery Analyst

at  BNP Paribas

ABOUT THE JOB

The candidate will be part of Securities Lending operational teams (Agency Lending & Principal Lending) with a transversal role on the CSDR (Central Securities Depositary Regulation) new regulation
CSDR regulation entered into force in February 2022. All organizations have to be prepared for this new regulation to be able to manage the penalties (settlement discipline), the new buy-In process, to calibrate the Allocation/Confirmation solution, and to adapt the current organization & processes in order to control the impact as much as possible
The key mandate of this team will be to manage the CSDR penalties, in close cooperation with the MFS Settlement & collateral operational teams, and the Business
The Agency Securities Lending Operations group supports several functions: the post-trade activity (Settlements, Corporate Actions, Income, Billing, Reconciliation…) and Collateral Management (Mark to Market, Compliance/Eligibility checks, Transaction Management, and Margin Maintenance). Agency Lending acts as Agent between our Lenders (our Clients) and the Counterparts (our Borrowers). Power of Attorney is granted by Clients to allow us to manage the instructions on their accounts. Our Clients are mainly in Custody within BP2S
The Principal Lending Operations group supports the same operational functions as for Agency Lending. The main differences are that it is a proper business performed under the name of BNP Paribas Securities Services Paris, and that Principal Lending is borrowing & Lending Securities thought is own accounts (Agency Lending BP2S being one of counterpart)

PROFILE AND SKILLS TO SUCCESS

Bachelor’s degree in Economics, Finance or Accounting
Up to 2 years of relevant experience in Banking and Financial Operations
Fluent (C1-C2) level of English
Adaptability
Attention to detail / rigor
Good communication skills (both oral and written)
Ability to collaborate / teamwork
Client focused
Skills in risk control
Analytical ability, namely in Excel, PowerBI and Power Query

Main tasks of the COLLATERAL MANAGEMENT team which will affect the CSDR process:

• Monitoring exposures and day-to-day operations:
• Issue margin calls to brokers in order to prevent short balances
• Book collateral trades to cover exposures
• Follow the settlement of collateral trades in various market places
• Perform daily controls on the progress of the activit

Main tasks of the SETTLEMENT team which will affect the CSDR process:

• Follow up of transactions booked by the Front-Offices,
• Guarantee a smooth processing of Front Office operations in approximatively thirty market places
• Ensure the receipt / delivery of securities and cash for the Securities Lending activity by minimizing incidents within deadlines
• Have an in-depth knowledge of markets and financial products
• Ensure good working relations with the operational teams and the trading desk
• Guarantee the control of the risks related to this activit