Associate- Macro Bond Corporate Trading
About BNP Paribas:
In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.
BNP Paribas’ Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 14,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
Business Overview:
The candidate will join the Macro Corporate Bond Trading team. The desk is responsible for (1) algorithmically quoting and trading full breadth of US IG and HY coporate bonds, (2) quoting and trading portfolio trades consisting of a customized basket of corporate bonds, and (3) conducting ETF primary and secondary hedging activity.
*Physical presence in BNPP’s office(s) is an essential function of this position. BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion.
Responsibilities:
Responsibilities will include but not be limited to:
- Work on development of various Python based tools including (but not limited to):
- Pricing analytics
- Optimization tool for ETF primary activity
- Risk tool
- Flow/ data visualization tool
- Assist in portfolio pricing and booking workflow
- Assist in executing, booking and pricing ETF primary trades
- Assist with model refinement and optimizations
- Interacting with sales and internal clients, providing market color and helping to increase overall business throughput
- Interacting directly with external clients, providing market color and liquidty
- Focusing consistently on conduct to ensure market integrity and reflect positively on the bank/group
Minimum Required Qualifications:
- BA/BS in a relevant field (Comp. Sci, Math, Finance, etc.)
- Coding experience (Python / Java)
- Strong communication skills
Preferred Qualifications:
- Graduate degree in relevant techinal field (ie Masters in Comp Sci, Math, Financial Engineering, etc)
- Experience with Machine learning model (calibration, testing)
- Algo market making experience
FINRA Registrations Required: SIE, 7, 63, 57
The expected starting salary range for this position in New York / in New Jersey 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.
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
Primary Location: US-New York
Job Type: Standard / Permanent
Job: MISCELLANEOUS
Education Level: Bachelor Degree or equivalent (>= 3 years)
Experience Level: At least 3 years
Schedule: Full-time
Entity: BNP Paribas CIB