ABS/CLO STRATEGIST - ASSOCIATE (JOB NUMBER: 29195)

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.

Business Area/Dept Overview

ABS/CLO Strategy team’s key mission is to offer differentiated value, ideas and solutions to clients and internal business stakeholders, by being trading-oriented and innovation-driven.

The team is fully integrated into the Sales & Trading business and covers all Securitised Products globally. It provides market views and trade ideas to clients through publications and works closely with BNPP’s Trading desks by generating trade ideas and helping manage risks.

Job Purpose

Will need to carry out the below autonomously, with the responsibility to report and escalate to line management where necessary.

• To deliver high-quality ABS/CLO analysis and support risk taking by producing commercial, best-in-class credit analysis, delivered in a client-centric fashion.

• To partner with the global Sales, Trading and Analyst teams in order to build and promote BNP Paribas’ franchise as credit house in Securitised Products.

Core accountabilities of role

An intermediate level professional accountable for coordinating and overseeing the below –

Overall

• The Associate ABS/CLO Strategist role: assist in the production of the highest-quality ABS/CLO credit analysis, including tracking and interpreting key market trends, taking market directional views, working in partnership with Trading, Sales, Syndicate teams and Credit analyst teams globally, and bringing innovation to the market field.

Business & Clients

• Business. Produce high-quality analysis to assist the generation of high-value business and differentiated credit views, and gradually take personal ownership for its monetisation through risk taking and client flow generation. Support trading and sales teams in proving specific bond analysis and generating client flows.
• Franchise. Work collaboratively with Sales, Trading and other relevant areas of BNP Paribas to continuously build our brand as Securitised Products credit specialists and gradually develop a personal, strong, impactful franchise with the clients of the global Credit and Global Markets business.
• Risk: Identify high-impact credit opportunities and help manage risk with the Trading desks.
• Team: Be a team player, working collaboratively with the partners in the analyst team, trading, and sales.

Knowledge, Skill and Experience

EXPERIENCE

• Detailed knowledge of Economics/Finance/Statistics background.
• Strong quantitative skills
• Computer literacy and a good knowledge of a range of standard computer software and programming
• Strong interpersonal skills and a structured, methodical approach
• Effective communicator who can deliver complex and clear information, both oral or written
• Knowledge of specific principles and processes within Global Markets and ability to translate this knowledge and experience to provide recommendations to teams.
• Master or PhD degree qualification in mathematics, statistics, physics, engineering or finance/econometrics, with an interest in financing modelling or equivalent industry experience.

COMPETENCIES

Behaviour Skills :

Communication – Intermediate

• Develops and delivers simple information or messages, both verbal and written, to audiences within the team/department.
• Deliver messages in a clear, structured, accurate and concise manner, based on facts.
• Experience of producing written and oral presentations at a senior level.

Ability to collaborate / teamwork - Intermediate

• Supports team members when required and contributes to a positive work environment. Acts with team’s interests in mind.
• Shares information with people they work with (including manager and team members) about work completed, next steps and areas of concern.
• Adopts an attentive and compassionate attitude in order to understand different cultures and respects diverse opinions and mindsets.

Critical thinking – Intermediate

• Able to articulate views clearly and succinctly
• Seeks to clarify when things are not clear or obvious in order to correctly understand issues/projects/etc. Is able to identify the benefits or problems in a proposal or argument.
• Tries to contextualise actions that are done at their level, and ensures that these actions are aligned with goals set.

Personal impact / ability to influence - Intermediate

• Knows different interpersonal styles and methods to convince others. Is able to articulate a point of view and flex style to persuade others in situations within the team and/or in a familiar setting.
• Seeks, and is able, to find a compromise when directly involved in a conflict.

Ability to deliver / results driven – Intermediate

• Delivers tasks fully completed on time, based on objectives fixed.
• Where relevant, works without supervision and asks for help and feedback when necessary.

Client focused – Intermediate

• Client focus - Sees stakeholders as well as external clients as “customers”.

• Values positive and negative feedback from both internal and external clients. Takes necessary actions to either improve their client support/response or escalate to the appropriate person/service.
• Is available and pleasant; understands clients’ needs and provides answers within their perimeter of responsibilities.

Creativity & Innovation – Intermediate

• Thinks laterally to identify other sources of useful information and sees ways around obstacles and barriers
• Assumes an active role in implementing new or innovative ideas, solutions, approaches and methods, testing them and suggesting improvement when relevant.
• Shows curiosity in order to develop new ideas and different approaches.
• Contributes to brainstorming sessions in order to find creative solutions or generate new ideas.

Resilience – Intermediate

• Stays calm and positive, controls his/her emotions in conflict or any situation of intense stress (due to market, time or client pressure).
• Ability to undertake a number of issues simultaneously is essential as well as the ability to work under considerable pressure
• Passion, tenacity and resilience in an ever changing environment

Transversal skills :

Ability to develop and leverage networks – Intermediate

• Has developed and maintains a network of relationships within the company that they can contact to get help or support.

Analytical Ability – Intermediate

• Understands and selects information that is useful for performing the job.
• Based on various data sources, can break down a problem into simple and complementary elements.
• Identifies links or patterns between elements/situations/information.

Business Skills : Intermediate

Conduct

• Be a corporate role model, supporting and fostering a culture of good Conduct
• Acts with discipline and high ethical standards
• Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks
• Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure

Business risk

• Understands the market, credit, operational, compliance, legal, regulatory and reputational risks of recommendations and comments he/ she makes

Diligence

• Displays dedication & prioritises problems by considering the impact on the business; identifies quick-wins

Risk awareness

• Demonstrates a good awareness of risk and fundamental risk concepts. Always considers risk in his/her daily activities and abides by the Key Front Officer Responsibilities, where relevant

Market, product & business

• Is genuinely interested in financial markets and continually learning and staying abreast of new developments. Evidences a good appreciation of economics and market dynamics, with enough understanding to present views on market conditions and trends
• Continuously develop insight and expertise into his/her market, products and activity, and shares this knowledge with team members. Very strong standing with our client base. Be a leader in opinions and views on the global Cross Asset market. Demonstrates a strong appreciation of economics and market dynamics of the Cross Asset markets, with broad enough understanding to form opinions and present personal views on market conditions and trends

Equal Opportunities

BNP Paribas promotes equality of opportunity and is 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.

As an employee with BNP Paribas London Branch, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 12%, private healthcare, GP service and dental cover all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance so in addition you will also have access to a variety of flexible lifestyle benefits such as cycle to work and green car leasing schemes, season ticket loans and reduced cinema and gym membership to name a few.

Primary Location

: GB-ENG-London

Job Type

: Standard / Permanent

Job

: FINANCIAL AND TECHNICAL EXPERTISE

Education Level : Bachelor Degree or equivalent (>= 3 years)

Schedule

: Full-time

Not specified

Entity : Corporate & Institutional Banking