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Agency Lending TraderBNP Paribas
The Agency Lending team provides asset owners and asset managers with securities lending services out of desks in Sydney, Hong Kong, London, and New York. The Agency Lending team acts as an agent for a variety of clients (sovereign wealth funds, asset managers, and other asset owners such as insurance companies and financial institutions including banks and credit unions). The main function is to lend securities for either cash collateral or securities as an agent for both custody clients and non-custody clients.
This is a newly created role. In the past 2 years, we have created a new Agency SL Desk in Hong Kong (HK) to act as the primary Agency Lending Desk in APAC focusing on APAC markets and leading the team both based in HK and Sydney. The Agency Lending Dealer would play an integral role in the regional team with the primary function being to generate revenues by lending fixed income and equities to local and regional brokers.
The Agency Lending Dealer will work in a small regional team split between Sydney and Hong Kong while also having regular interaction with the team based in London and New York securities the Agency Lending Dealer will be required to work on internal projects which aim to optimize the trading setup as well as maintaining strong relationship with external brokers. Responsibilities: Lend Equities and Fixed Income for Agency Lending Funds Maintain and assist in relationship management for brokers and counterparties Analyze data and processes and identify efficiency improvements, product or business development opportunities Managing the 'recall' lifecycle with both borrowers and operations Monitor Daily P&L Contribute to market commentaries and analysis Understand and work within regulatory parameters for Asia and recognize global regulation Preparation of the statistics, benchmarking, presentations Assist/create estimates for potential clients. Up-date the monthly statistics and analyze customer volumes for Agency Lending Assistance with ad-hoc data analysis and support for product and business development Assistance with projects around automation and efficiency improvements Assisting with cross training of the MFS Front Office with MFS Middle & Back Office teams May require flexible hours to support the Australian & NZ market or Asian markets Some travel may be required Interaction with Global AGL trading team, Operations, Client Management, Technical Sales Risk & Compliance Technical and Behavioural Competencies: The successful candidate will have a demonstrated ability with mathematics and a practical approach to numerical problems.
Their attention to detail ensures that accuracy and timeliness are paramount to their decision making process In applying judgement, they consider operational risk and compliance factors ensuring that controls are conducted correctly and any issues are resolved and recorded properly and on time. Where escalation of issues is required, these are promptly escalated to ensure appropriate tre....