Director – Asset Finance and Securitization (AFS) Operations Manager

Business Overview:

The role is Lead of the AFS Trade Support team. AFS covers NY SPMO supports FI Solutions and Structuring activities, including CLO Warehouses, Senior Portfolio Financing and Loan TRS.

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:

The role is a team lead role to manage SPMO (Structured Product Middle Office) in NJ office. The role is to ensure that a high level of service to the desk is delivered in administrative, support and control tasks (void of any decision-making or business negotiation) by the respective Trade Support teams. The role will also be responsible to the AFS Credit Transaction Management Team responsible to close the structured transactions.  This role will act as an escalation point of contact for operational issues and will perform support tasks and coordinate with other support groups as necessary.

The role will encompass the management and overseeing of booking control responsibilities as well as the development and/or maintenance of a variety of reporting dashboards and other internal and external reports. The successful candidate will need to have a working understanding of products, systems, front-to-back workflows and current business practices. The individual will establish effective working relationships with Front Office, external counterparties as necessary and other internal areas of support (IT, Finance, P&L, Risk, etc.). The candidate will take an integrated and proactive approach to the business’ requirements, understand the lifecycles of the products traded, systems and reporting mechanisms required to control activity and provide accurate and appropriate information. The candidate should also liaise with Credit Transaction Management & Loan servicing teams of Global Banking departments for financing transactions.

Detailed specific responsibilities include:

•                Maintenance and governance of the procedures

•                Building and executing controls

•                Task allocations to each team

•                Sign off day to day task lists at EOD.

•                Managerial involvement for the team (Performance Review, Personal Development sessions with the team)

•                Project Management on behalf of the Trade Support teams.

•                Maintain/Track the outstanding IT issues until item closed.

•                KPI/KRI Management

•                Monthly Business Management meetings

•                Monthly ITO manager meetings

•                Oversees and manages the reports and dashboards prepared by the Trade Support teams.

•                Assist the team members with each Personal Development plans.

Other responsibilities include:

•                Close liaison with FO to ensure the timely and efficient resolution of trader and other management queries.

•                Close liaison with Credit Transaction Management & Loan servicing teams of Global Banking departments for financing transactions.

•                Management of the incidents from team’s process failures

•                Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach’.

•                Take a ‘can-do’ approach to enhance relationships.

•                Resolve all issues / conflicts in a timely and customer orientated fashion.

•                Adhere to deadlines and objectives.

•                Clear and concise communication with all teams to ensure the timely and efficient dissemination of information and the resolution of queries arising, including escalation of issues to the team manager.

•                Ability to gather information from a broad range of sources and disseminate appropriately.

•                Where appropriate, ability to maintain and explain own position using logic in the light of differing views. 

Minimum required qualifications

•                Leadership skills to inspire and lead the teams.

•                Exceptional organization skills

•                At least 10 Years of experience in Trade Support or Product Control functions

•                Strong interpersonal and communication skills a must

•                Excellent knowledge of financial markets with emphasis on Fixed Income OTC Derivatives. CLO, ABS, LoC and overall credit knowledge advantageous

•                Strong Excel/PC skills with proven ability to work with multiple MS apps.

•                Attention to detail and accuracy imperative.

•                A spirit of continuous improvement is essential.

Preferred qualifications:

•          Management experience would be a plus

•          PowerPoint and Word skills

•          Ability to consistently meet deadlines

•          Ability to work in a fast-paced environment

FINRA Registrations Required: 

FINRA Series 99 (within 120 days)

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

SEC Security-Based Swap Dealer Associated Person:

N/A

The expected starting salary range for this position is between $180k to $230k 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.

About BNP Paribas:

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 employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. 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. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose – to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World – https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

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.