Job Description

Business Overview:

Equity Financing operates within Prime Services and oversees the financing of all internal and external clients for Global Equities. Through trading of Derivatives and Stock Loan transaction, Equity Financing provides optimal solution to refinance equity linked assets and minimize BNP’s regulatory footprint.

Equity Financing manages 200b$+ of assets and is organized under 2 divisions :

Funding and Resources Management : Financing internal and external long positions

Supply : Short covering for internal and external clients

Equity Financing is looking to hire a junior Supply / MatchBook trader to join his successful team.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

Results and Impact

Able to influence peers and team.
Demonstrates good judgement when making decisions of high complexity and impact.
Exercise appropriate autonomy in the execution and delivery of work.
Responsible for driving outcomes, which have meaningful effect on team or department.

Leadership and Collaboration:

Creates trust with colleagues.
Acts in leadership capacity for projects, processes, or programs.

Client, Customer and Stakeholder Focus:

Able to build relationships with a mix of colleagues and clients.
Interacts regularly with management and department leaders.
Demonstrates the ability to influence stakeholders at the team level.

Compliance Culture and Conduct:

Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities:

Within the Supply and MatchBook team, you will cover ETFs and US Hard to Borrow positions and integrate a team of experienced traders:

-      Manage the daily securities borrowing (locates, rate management, short coverage)

-      Provide trading color and identify trading opportunities. Actively communicate with the Sales side (Demand team)

-      Foster strong and deep relationships by interacting with other market participants (clients / lenders) to expand BNP franchise

-      Work closely with Operations, Tax/Legal and Technology to ensure positions are appropriately reconciled and serviced

-      Improve existing tools and push for automation with our IT partner

Minimum Required Qualifications:

-      Strong knowledge of Prime Brokerage framework, Stock Loan transaction or Delta One universe

-      Strong attention to details

-      Ability to work under pressure in a fast paced environment

-      XL proficiency

Preferred Qualifications:

-      Python knowledge

-      Experience in flow trading

FINRA Registrations Required: 

Series 7 & 63

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

Not Applicable

SEC Security-Based Swap Dealer Associated Person:

Not Applicable

The expected starting salary range for this position is between $150,000 to $200,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.