Electronic Index Trader

Job Purpose:

• To support the fast growth of the Automated Market-Making group, the candidate will be joining a team of London-based traders.

Your Responsibilities:

• Develop the Index trading capacity (Futures market-making)
• Enhance market-making strategies and positioning algorithms through modelling and back-testing
• Optimize hedging strategies at trade level and book level
• Monitoring pricing parameters and risk-managing the book (dividends, repo, delta)
• Handling the trading book day-to-day (index rebalancing, corporate actions)
• Leverage the electronic infrastructure to expand the bank’s Client franchise
• Maintain BNP Paribas’s leadership amongst banks as an electronic derivatives market-maker
• Develop the Equity algorithmic trading capacity
• Developing the equity execution platform along with Strategists, including new algorithm and technical evolutions. This includes risk centralization on equities and derivatives
• Monitoring execution performance and investigate potential issues
• Leverage a flexible entrepreneurial human and technical working environment to developing pricing, market-making, execution, risk trading capacities for the benefit of the whole bank and its Clients.

Skills and Qualifications:

• Graduate level to 2-years of experience
• Analytical background: Ideally a top ranked engineering University (+ MSc in Finance a plus). English / French bilingual
• Uncompromising attention to detail and rigor. Ability to work in a fast-paced environment
• Risk awareness
• Ability to quickly apprehend complex technical infrastructures
• Advanced level in any object-oriented language. Python a plus, VBA a must
• Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure
• Be a role model, supporting and fostering a culture of good Conduct. Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks
• Demonstrates a good awareness of risk and fundamental risk concepts. Always considers risk in his/her daily activities and abides by the Key Front Officer Responsibilities and Guidelines
• Understands the market, credit, operational, compliance, legal, regulatory and reputational risks of transactions he/ she managers
• Effective communicator who can align people to the broader vision for the business whether they are directly managed or simply influenced by the individual in question. Communicates pro-actively with management, escalating issues as necessary
• Displays dedication & prioritises problems by considering the impact on the business; identifies quick-wins
• Stays calm and positive, controls his/her emotions in conflict or any situation of intense stress (due to market, time or client pressure)
• Ability to undertake a number of issues simultaneously is essential as well as the ability to work under considerable pressure
• Passion, tenacity and resilience in an ever changing environment
• Thinks laterally to identify other sources of useful information and sees ways around obstacles and barriers.