Commodity Trading jobs in Central Singapore

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

• excluding partnerships

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.

Position Purpose

The GM Sales and Trading Assistants (SATA) are responsible for assisting the front office in their day-to-day activities through, but not limited to proper deal capture flow, life cycle events management, controls and post trades services. SATA is expected to show initiative, flexibility, accuracy, good communication and commitment working in the front office environment
Key Responsibilities

Contribute to day to day tasks:
Regional Support during APAC time zone, including Australia

Deal Capture

Manual deal capture in front office systems and verifying deal entry against supporting documents

Amend/cancel all option trades in front office system for sales and options trading desks

Amend/cancel spot/forward/swap trades in front office system for trading desks and for sales desks

Reporting & Control

Ensure segregation of duties by NOT quoting prices, taking orders from client, dealing individually and entering deals into non‐permission systems

Ensuring appropriate escalation to management as soon as an issue or fraud is identified

Contribute to local regulatory reporting requests

Projects

Portfolio migration or closure

New workflows or procedures

Systems testing

Deal Event Managements

Exercise and expire all options in front office system within Asia time zone including confirming each exercise with counterparty. Perform a missed expiry check at the end of the day

Execute barriers in front office system when directed by traders and contact counterparties to confirm client barriers. Perform a missed barrier check the next day

Ensure clients receive notification of any option exercise or barrier triggers

Ensure all NDFs in front office system are fixed with the correct rate and in a timely manner

Update of rates fixings for date schedules in front office system from agreed official fixing sources

End of Day spot closing and P/L

Validation of spot closing rates for Asia Close set including running End of Day spot closing for the Singapore Spot Desk

Pre-trade services

Setting up of new portfolios for trading desks. Co‐ordinate with various teams to ensure new portfolio creations are completed

Setting up of new counterparty codes for clients. Coordinate with various client onboarding teams to ensure account-opening requests are completed

Post trade services

Trade recaps to clients.

Trade term sheets to clients

Resolving trade discrepancies

Liaise with client's support or operations teams to resolve any issue

Reconciliation

Perform all internal and external system reconciliation checks as defined in the global procedure guidelines

Proper escalation if regular breaks are identified

Contribute to update procedures and involvement in BCP plans

Contribute in the implementation of internal and external audit recommendations

Participate in IT related projects and market initiatives

Direct contribution to BNPP operational permanent control framework

When required, a point of contact for internal departments (market risk, collateral, credit, back office, middle office, IT) within each local location.

Qualifications & Experience required for the role

Degree in Finance, Business or Banking

Minimum 3-7 years of experience working in a FX related role (Middle-Office or Front Office assistant)

Strong product knowledge in FX and FX Options

Good understanding of market conventions, workflows and transaction life cycles to ensure a successful and smooth process

Good interpersonal skills

Ability to thrive under pressure and in a fast-paced environment

Ability to work independently as well as a strong team player

Effective communication skills - written and verbal

Excellent attention to details and good problem solving skills

Risk awareness and understands its impact to Front Office and Operational risk

Strong programming or computer skills is an advantage (VBA, Python)

Knowledge of BNPP systems would be a plus

Able to work on SG Public Holidays