Assistant Vice President – ITO Markets Operations – Transactions Processing – Trade Validation Team

About the Role

The Exotic Rates Trade Support team provides essential operational risk management and control, preserving and enhancing the firm’s assets and its reputation. The bank has a substantial Interest Rate Derivative trading presence in London, New York, and Hong Kong. This Trade Support AVP role supports the Exotic Interest Rate Derivative Trading desk in Jersey City, reporting to the Exotic TS Team Supervisor.

The team supports the execution of rates-based OTC instruments transacted by the global Swap Trading and Sales businesses, with a focus on risk management and reporting, client service, and strategic initiatives driven by technology, regulatory/industry requirements, and new business/products. The role ensures efficient and accurate transaction processing across a broad range of complex instruments, requiring close alignment with the business. A key focus is establishing strong risk management procedures and controls to protect the firm and its clients.

Candidate Success Factors

• Results and Impact: Able to influence peers and team. Demonstrates good judgement when making decisions of high complexity and impact. Exercises appropriate autonomy in execution and delivery of work. Drives outcomes with meaningful effect on the team or department.
• Leadership and Collaboration: Creates trust with colleagues. Acts in a leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: Builds relationships with 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. Upholds corporate values and displays high ethical standards.

Responsibilities

• Work with Front Office, P&L, Back Office, third-party vendors, and Application Support to resolve operational and booking issues.
• Monitor operational risk by providing proper Front Office Support and ensuring the risk of fraud is minimized.
• Ensure accurate trading positions in the Front Office system; correct discrepancies caused by system bugs, input mistakes, or information loss.
• Manage real-time trade booking exceptions internally between the trading desk and sales force.
• Assist with project initiatives designed to improve and streamline existing processes.
• Mitigate risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records.
• Participate in event processing and understand the full lifecycle of a trade.
• Collaborate with technology teams on implementing process flow improvements and efficiencies.
• Contribute to the quick resolution of trade issues by liaising with Front Office, Back Office, IT Team, P&L Controllers, and Client Services.
• Liaise with other Operation functions and infrastructure groups to support a ‘one team’ approach.
• Promote efficient dialogue with internal and external partners.
• Adhere to deadlines and objectives; maintain and explain positions using logic when views differ.

Requirements

• Attention to detail and accuracy is imperative.
• Strong academic background required.
• Strong desire to learn processes and products.
• Strong interpersonal and communication skills.
• Flexibility to adapt to a new and changing environment.
• Strong sense of risk and critical thinking.
• Rigorous and highly organized.
• Maintains high quality of customer service.
• Effective listening and communication skills.
• Good relationship qualities, team spirit, and ability to work across teams.

Preferred Qualifications

• Strong knowledge of financial markets with emphasis on Rates Structured Derivatives.
• Ability to multi-task and prioritize in a fast-paced environment.
• Strong Excel/PC skills with proven ability to work with multiple systems.
• Previous experience (3+ years) in a Derivative Middle Office environment or prior experience working with Trading/Sales in a financial institution.

Pay

The expected starting salary range for this position is between $90,000 to $110,000 annually. The actual salary may vary based on relevant skills, experience, internal peer benchmarks, prior performance, business line, and geographic location.

Benefits

Our comprehensive benefits package supports employees in various aspects of their lives, including:

• Medical, dental, and vision coverage.
• 401(k) Savings Plan.
• Backup childcare.
• Life, accident, and disability insurance.
• Mental health support.
• Paid time off.

Additional details about benefits, including eligibility for a discretionary bonus, will be provided during the hiring process.

About the Company

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA, and APAC, employing nearly 190,000 people in 65 countries. In the US, the bank employs over 3,500 people across 10 states. BNP Paribas offers a full value chain for clients, from trading to financing, clearing, and custody, with a strong commitment to the US market. The company prioritizes sustainability, diversity, equity, and inclusion, fostering an environment where employees feel empowered to drive change and grow through robust training, development, and mentoring opportunities.