Settlement Officer for OTCD Settlement Interbank & Corporate Team

About the job

The IRD Settlement team is part of the Settlement Department of Global Markets Operations. This team is in charge of the settlement of all Interest Rates Swaps, Cross Currency Swaps, Cap, Floor, Collar, Straddle, Mark to Market, Fees, Premiums, Swaptions, Non Deliverable Swaps (NDS), Credit Default Swaps done under BNPP Paris and BNPP London entities by Global Markets
This settlement team leveraging on its center of expertise is also servicing other BNPP Group entities such as BNP Paribas Securities Services, FINAMS, Personal Finance, Opera, Sec Corp, among others, for the settlement of their Rates and Credit Default Swaps trades
The Settlement team’s primary function is to ensure that settlements of all transactions booked by Trading and Sales desks through the Front Office systems are paid in accordance with BNPP Procedures and in due time
The main clients are international Corporates (major corporations & medium-sized companies) and Financial Institutions (general and specialised international Banks including Central Banks, pension funds, fund managers, insurance companies and supranational entities)

Your Main Activities Are

Make sure non Straight Through Processing (STP) events are properly managed within the Operations system and ensure deals are flowing within Operations system with no delay
Make sure payments are done before cut-off taking into account each currency specificity, and ensure no payment incident occurs
Manage specific processes regarding settlement Instructions when required (on non STP, urgent payment, coordination with referential teams for Standard Settlement Instructions)
Responsible for the full payment netting process including set up (agreeing netting conditions with counterparts, and day to day validation process
Make sure settlements are done according to Risk and Compliance Group guidelines/requirements including embargoes/sanctions alert management, specific Risk procedures to reduce settlement risk
Make sure treasury announcements are sent to Treasury Forecasting team allowing BNPP Treasury to manage Nostro accounts liquidity
Resolving queries and exceptions in relation with relevant departments, understanding the importance of effective escalation
Responsible on a daily for reporting the status of controls and remaining operational risk on the scope of responsibility
Daily liaison with counterparts on discrepancies and assisting them to meet their needs regarding payments
Analyse & Manage payments incidents in coordination with payment investigation teams

Profile and Skills to Success

Bachelor’s Degree in Finance or similar
Banking experience with an emphasis in Payments and Operations management
Knowledge of Banking Payment Environment (Correspondent banking, Swift payment network, among others)
Proficiency in Ms Office Pack Microsoft Excel
Fluency in English
Controls oriented profile, ability to manage operational risks
Ability to learn quickly and adaptability in a fast pace work environment
Analytical skills, effective problem solver and consensus builder
Ability to prioritize workloads and use a proactive approach to meet deadlines
Communication and interpersonal skills, team spirit and client focus

#LI-Hybrid

Why joining BNP Paribas?

• Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

• Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

• International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:

Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines;
Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services;
Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

• Diversity and Inclusion commitment

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively 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/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.

• Commitment towards work/life balance

At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

• Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

• Please note that only applications submitted in English will be considered.
• In case you are selected for this role, further documentation will be requested to support your hiring process.