Position Purpose
To support the Beijing Representative office in the capacity of Summer Trainee.
Key Responsibilities
Market research and intelligence gathering
- Monitor the domestic economic situation, industry trends and regulatory policies
- Analyze market data to identify potential business opportunities
- Preparing industry comparable ratio tables and analysis
Client liaison
- Identify potential domestic clients offshore financing and M&A transaction needs
- Liaising and coordinating with relevant parties (client and / or internal) to obtain essential and necessary data or and information
Business liaison and coordination
- Act as liaison between the domestic markets and BNPP’s regional and global headquarters and other international offices
- Facilitate internal communication and cooperation in cross-border DCM, ECM and M&A transactions
- Collaborate other department within global banking and with other BNPP entities
Compliance and regulatory affairs
- Keep abreast of domestic financial regulations and compliance requirements
- Assist in preparing all necessary documents for regulatory authorities
Competencies (Technical / Behavioural)
- Analytical, thoughtful and a good business sense.
- Good team player.
- Stable personality with commitment.
- Can work independently with strong motivation.
- Discipline in follow through.
- Positive attitude.
- Good logistic skill.
Specific Qualifications Required
- University student with Finance, Business or related major preferred.
- Knowledge in accounting and financial modeling desirable.
- Thorough knowledge of different bank products desirable.
- Exposure in China and an understanding of the business environment, regulatory regime and market trends.
- Excellent communication skills in terms of both external marketing and internal coordination.
- Fluent in Mandarin and English, both verbal and written.
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
To support the Shanghai Representative office in the capacity of Summer Trainee.
Key Responsibilities
Market research and intelligence gathering
- Monitor the domestic economic situation, industry trends and regulatory policies
- Analyze market data to identify potential business opportunities
- Preparing industry comparable ratio tables and analysis
Client liaison
- Identify potential domestic clients offshore financing and M&A transaction needs
- Liaising and coordinating with relevant parties (client and / or internal) to obtain essential and necessary data or and information
Business liaison and coordination
- Act as liaison between the domestic markets and BNPP’s regional and global headquarters and other international offices
- Facilitate internal communication and cooperation in cross-border DCM, ECM and M&A transactions
- Collaborate other department within global banking and with other BNPP entities
Compliance and regulatory affairs
- Keep abreast of domestic financial regulations and compliance requirements
- Assist in preparing all necessary documents for regulatory authorities
Competencies (Technical / Behavioural)
- Analytical, thoughtful and a good business sense.
- Good team player.
- Stable personality with commitment.
- Can work independently with strong motivation.
- Discipline in follow through.
- Positive attitude.
- Good logistic skill.
Specific Qualifications Required
- University student with Finance, Business or related major preferred.
- Knowledge in accounting and financial modeling desirable.
- Thorough knowledge of different bank products desirable.
- Exposure in China and an understanding of the business environment, regulatory regime and market trends.
- Excellent communication skills in terms of both external marketing and internal coordination.
- Fluent in Mandarin and English, both verbal and written.
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
China is opening its capital markets to foreign financial institutions, and this is a critical area of BNP Paribas’s business growth in Asia Pac. BNP Paribas have strong commitments to build a world-class securities company in China, covering a wide range of business activities.
You will be joining this newly established securities company to implement the front-to-back IT solution, liaising with internal IT teams and third-party IT vendors.
Internship period required: 3-5 days a week for at least 4-5 months in Shanghai
Responsibilities
Direct Responsibilities
- Communicate with multiple stakeholders including various business units and technology teams in APAC and Global
- Gather & analyze users requirements for development team
- Conduct, manage and monitor system development and implementation
- Work closely with third-party IT vendors and implement system integration.
- Contribute to the review of system design & architecture.
- Prepare system documentations such as functional/technical spec. and user manuals
- Support SIT/UAT, diagnosis & resolution of issues and maintain system stability and integrity.
- Follow BNPP group’s IT standard of system implementation.
- Permanent control aspects:
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Comply with regulatory requirements and internal guidelines
- Contribute to the reporting of all incidents according to the Incident Management System
- Ensure audit recommendations are resolved within the specific timeline.
- Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
- Ensuring appropriate escalation to management and/or Permanent Control (or Compliance as appropriate) as soon as an issue is identified
Technical & Behavioral Competencies
- Experience in server-side development and familiar with Python, Java and Linux
- Experience in web development and familiar with JavaScript framework React or Vue
- Knowledge of Redis i.e. in-memory key-value database, cache and message broker
- Knowledge of relational databases e.g. Oracle and MSSQL, and familiar with SQL
- Knowledge of DevOps and CI/CD pipeline
- Understanding of Agile methodology would be a plus
Specific Qualifications (if required)
- University students with IT related major.
- Intern experience in financial institution would be an advantage
- Intern experience in implementing system integration would be an advantage
- Fluent in English and Chinese (Mandarin)
- Strong problem solving and communication skills
- Self-motivated and able to work with minimal supervision
- Team player with great interpersonal skills
- Passed examination of Securities Practitioner is a plus
Responsibilities
Direct Responsibilities
1.Participate in the audit team assignments and special reviews (when required by regulators, business lines, or senior management)
-Contribute to the planning and preparation of the assignment e.g. understanding the methodology to be applied, acquiring a high-level knowledge of the activities to be covered, gathering relevant key figures, etc.
-Develop a thorough understanding of the activities within the scope of the assignment, its strategy and governance, and the related risks.
-Evaluate the overall setup and identify the main areas of risk (including a comprehensive assessment of the management actions).
-Recommend appropriate actions to the management to remediate the identified weaknesses.
-Formalize the results of the assignment investigations and contribute to the production of the assignment deliverables.
-Present the conclusions of the assignment fieldwork to the senior management.
2.Review the implementation of the Inspection Générale recommendations
-Review and challenge the actions defined to remediate the weaknesses identified by the audit team through its assignments.
3.Contribute to the periodic risk assessment of Markets Activities and audit planning
-Perform a periodic and comprehensive risk assessment of the Markets Activities as per the Group guidelines.
-Keep abreast of change/new development of regulatory requirements that are relevant to Markets Activities and related functions.
-Assist in the elaboration of the Markets Activities audit planning following a risk-based approach.
4. Permanent Control Aspects
– Direct contribution to BNPP operational permanent control framework.
– Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
– Comply with regulatory requirements and internal guidelines
– Contribute to the reporting of all incidents according to the Incident Management System
– Ensure audit recommendations are resolved within the specific timeline.
Contributing Responsibilities
Contribute to the improvement of the Inspection Générale practices through the elaboration and update of our methodologies.
Specific Qualifications (if required)
- Securities practitioner qualification is a must;
- Sound English proficiency;
- University degree in relevant areas (Banking, Economics, Finance, Risk Management, etc.).
- A minimum of 3 years’ professional experience in Markets Activities and/or related support or control functions (prior audit experiences are considered but are not specifically required).
Position Purpose
The role is to assist in translating equity research reports between Chinese and English (industry analysis, in-depth company reports, etc.)
Internship period required: 3-5 days a week for at least 4-5 months in Shanghai
Responsibilities
Direct Responsibilities
- Assist in translating equity research reports between Chinese and English (industry analysis, in-depth company reports, etc.);
- Ensure the translated content is professional and accurate, adhering to the standards of the financial industry;
- Participate in proofreading, formatting, and basic data processing tasks;
- Support the research team in completing other related tasks;
- Permanent Control Aspects:
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Comply with regulatory requirements and internal guidelines
- Contribute to the reporting of all incidents according to the Incident Management System
- Ensure audit recommendations are resolved within the specific timeline.
Technical & Behavioral Competencies
- Students from a reputable university, with a preference for majors in Finance, Economics, Translation and Interpretation, English Language and Literature, or related fields;
- Excellent bilingual abilities in Chinese and English (must provide proof of CET-6/TEM-8/IELTS/TOEFL scores);
- Familiarity of financial terminology is preferred, with a basic understanding of the securities market;
- Detail-oriented and patient, possesses strong learning ability and team spirit;
- Proficient in using Office software (Word/ Excel/ PowerPoint).
Specific Qualifications (if required)
- Passed examination of Securities Practitioner is preferred
Direct Responsibilities
– Primarily responsible for the production support of all onshore systems of China Securities, providing proactive and reactive support to our business and clients.
· Reactive :
o Incident management – business and technology communication, coordination and resolution of incidents, from external issues such as exchange problems to in-house/vendor application bugs impacting the production environment.
o Problem management – post incident review with strong focus on permanent resolution and re-occurrence avoidance.
o Investigations into system behavior with queries directly from the business user and external parties (Clients, Exchanges, regulatory bodies, etc.)
· Proactive :
o Drive an excellent operational environment for all business applications from daily tasks, incident & problem management, change and new application / service onboarding.
o Act as primary liaison from technology for local business/external initiatives. Ensure the technology solutions delivered by global/regional teams meet the local requirements.
o Work with regulatory bodies/exchange/external partners around the IT solutions/deliveries.
o Close collaboration with regional/global teams to leverage on best practice, processes, resources, and ensuring there is a common/collective approach to issues/problems
o Release management – being the gatekeepers for the production environment, ensuring all changes are understood and scheduled appropriately
o Deployments – binary/configuration changes to onshore systems after market close or during weekend
o Preparation for market events such as mandatory exchange upgrades, expiry days, index rebalance days, etc.
o Automation of delivery pipeline & repetitive tasks
– Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
– Ensuring appropriate escalation to management and/or Permanent Control (or Compliance as appropriate) as soon as an issue is identified
– Permanent control aspects:
o Direct contribution to BNPP operational permanent control framework.
o Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
o Comply with regulatory requirements and internal guidelines
o Contribute to the reporting of all incidents according to the Incident Management System
o Ensure audit recommendations are resolved within the specific timeline.
Contributing Responsibilities
– Implement continuous improvement, including operational efficiency, production monitoring, and policy/procedures
– Work closely with various teams (business, operations/finance and compliance), regional/global peers and 3rd party vendors to deliver projects on-time and with high quality.
– Focus on transformational project work across the wider IT Production organization
– Bachelor or Master degree in Computer Science (or related).
– 3-8 years working experience in financial institution as IT professional.
– Fluent in Mandarin and English (spoken and written)
– Experience in managing vendor and supplier relationships is desired.
– Knowledge of markets products (Equities, F&O) & Regulator Reporting
– Good understanding of SSE/SZSE Product/trading rules, CSRC/ CSDC regulations
– Good mindset of risk management and cyber security.
Technical:
– Expertise on ITSM and ITIL framework
– Good knowledge with monitoring and deployment tools
– Strong Application support skills with Devops capability, including
o Scripting: Linux/shell, Perl, etc.
o Ability to write SQL to extract, patch data and troubleshooting with rational DB
o Knowledge In-memory data structure store (Redis)
o Web programming (JSP, React), Python or Java is desired
o Understanding of Agile methodology is a plus
Behavioral:
– Self-sufficient drive and ability to work round blockers in a sustainable manner
– Strong analytical and problem solving skills
– Excellent interpersonal and communication skills and excellent problem solving abilitie
– Proactive and able to work independently
ROLE DESCRIPTION AND PURPOSE
The Multi-Asset Investments China team is part of the global Multi-Asset Solutions team that is providing comprehensive services to institutional clients and distribution channels globally including, but not limited to, Multi-Asset portfolio solution design and implementation, quantitative investment, overlay management, structuring of complex products and asset allocation advice. The broader team is consisting out of experts on Multi-Asset Investment, Quantitative Investment, Structured Management, Insurance and Pensions, and Portfolio Construction. For our China based team we are looking for a Portfolio Manager that could help to grow the Multi-Asset investment, Structured solutions and Quantitative investment business in China.
The Portfolio Manager will conduct research, implement investment strategies and manage portfolios, involving complex cross asset/factor investing and derivative structures in order to construct new investment solutions. An important part of the role is identifying market opportunities to create new solutions resulting from specific client needs and appetite, regulatory changes or structural dislocations in financial markets, liaising with sales teams.
KEY RESPONSIBILITIES
- Manage portfolio investment for China clients. Understand local clients’ specific objectives and constraints, and select appropriate investment framework and instruments, ensure the implementation meets with compliance requirements, consistent with team’s investment views and ensure smooth operations of portfolios.
- Perform reporting, attribution analysis and risk decomposition to explain the characteristics of the portfolio, Present analysis and investment views towards external and internal clients. – Design and construct investment solutions in line with client requirements across asset classes and in different distribution formats, implement and manage these solutions
- Generate ideas and new thoughts to improve existing products and solutions
- Work closely with the Quantitative Research Group and the Portfolio Design Team for models development, idea generation, innovation, new investment techniques and thought leadership
- Participates in marketing and client events, industry conferences, media contacts, written research, etc.
- For all staff other than managers (permanent control aspects):
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
- Comply with regulatory requirements and internal guidelines.
- Contribute to the reporting of all incidents according to the Incident Management System.
- Ensure audit recommendations are resolved within the specific timeline.
- Ensure compliance with Company’s policies/procedures and regulatory requirements, in particular with regards to the KYC responsibilities and duties, as per relevant policies and procedures, and the summary of responsibilities list attached hereto.
KEY INTERNAL/ EXTERNAL RELATIONSHIPS
- Internal: Sales Team, Trading Team, Solutions Team, Portfolio Design Team, Quant Research Group, Legal, Compliance, IT, Risk, Operations
- External: Institutional Clients and Distribution Channels, Joint Ventures
ROLE REQUIREMENTS
ESSENTIAL QUALIFICATIONS & EXPERIENCE
- 5+ years of experience conducting investment management / quantitative research activities,
- English and Mandarin
- Demonstrable experience of quantitative research and investment, and structuring funds/products. Good understanding of various types of quantitative investment and structured solutions such as cross-asset solutions, Factor Investing/ Risk Premia solutions, derivatives, structured notes, etc. in China (and preferrable outside of China), preferably with machine learning investment experience
- Quantitative academic (MA) background preferably complemented with CFA
- Experience in building and implementing quantitative investment, portfolio construction processes and tools
- SAC and AMAC qualified
- Not currently being banned from entry into securities market
- Of sound character and good professional ethics
Direct Responsibilities
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
- Comply with regulatory requirements and internal guidelines.
- Contribute to the reporting of all incidents according to the Incident Management System
- Ensure audit recommendations are resolved within the specific timeline.
Business Responsibilities
- Responsible for the submission all regulatory reports, data, announcements, and information disclosure of the asset management business of securities companies (CSRC, PBoC, AMAC, and SAC); complete the submission and information disclosure of regular regulatory reports and temporary regulatory reports in a timely and accurately.
- Responsible for compiling the process manual of asset management business information disclosure business and improving the design of information disclosure process.
- Responsible for account setting, OTC transaction confirmation, capital settlement and other business operations of the investment trading system.
- Responsible for the daily EOD settlement of investment trading system and other business operations of the investment trading system.
- Responsible for the account management of the fundraising and TA settlement account and the custody account, including but not limited to account opening, authorization, fund transfer, reconciliation, de-register, etc.
- Responsible for reviewing the data of TA/FA business results and daily business management.
- Responsible for reviewing the terms of operation such as asset management plan contracts, business agreements, and operating memo.
- Closely follow the relevant laws, regulations and regulatory policies of the asset management business, and conduct research on regulatory information disclosure.
- Cooperate with IT to complete the OPS business system requirements or system upgrade testing.
- Complete other tasks assigned by the OPS head.
- For all staff other than managers (permanent control aspects):
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
- Comply with regulatory requirements and internal guidelines.
- Contribute to the reporting of all incidents according to the Incident Management System.
- Ensure audit recommendations are resolved within the specific timeline.
- Ensure compliance with Company’s policies/procedures and regulatory requirements, in particular with regards to the KYC responsibilities and duties, as per relevant policies and procedures, and the summary of responsibilities list attached hereto.
Technical & Behavioral Competencies
- Experience in TA or FA in an Operations aligned background.
- Familiar with Chinese financial markets operating and regulatory landscape.
Specific Qualifications
- Passed the SAC and AMAC qualifications exam is a must.
- Have not been banned from entry into securities market.
- Of sound character and good professional ethics.
Responsibilities
- Strong trading expertise in Listed Derivatives and OTC Products and preferably experience in trading Fixed Income products. Working knowledge across the following broad based list of products:
- Listed products include (not exhaustive) : Equity, ETFs, Futures and Options, Listed Open Funds (LOF), Fixed income
- Fixed Income: China Inter Bond Market
- FX Spot / Forward / Swaps / Options.
- OTC Derivatives: IRS, CDS, ILS, TRS, Swaptions.
- Manage relationships with Investment teams.
- Seek optimal client satisfaction through execution, communication, and relationships.
- Play an integral part on a ‘valued added’ basis to investment process by leveraging market knowledge and counterparty contact to improve performance and influence outcomes.
- Gather and report market intelligence to Portfolio Management teams.
- Manage relationships with brokers / counterparties.
- Maintain and develop strong, transparent and constructive relationships with brokers to obtain the best service for the firm’s clients.
- Perform control functions (level 1 controls) in line with BNPP AM policies
- Where necessary, gather information required to perform controls.
- Work with different teams (internal and external) to optimize reports used for controls thereby reducing manual work
- Review Transaction Cost Analysis (TCA) report on a daily basis where available and explain any major deviations to the desk head / direct reporting line for sign off. Where no TCA report is available, this may require the trader to preparing a P&L report each day.
- For all staff other than managers (permanent control aspects):
- Direct contribution to BNPP operational permanent control framework.
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Comply with regulatory requirements and internal guidelines
- Contribute to the reporting of all incidents according to the Incident Management System
- Ensure audit recommendations are resolved within the specific timeline.
Key Internal / External Relationships
- Internal: GTF APAC, Portfolio Managers, Risk and Compliance Teams
- External: Brokers, Vendors (eg, Hundsun), Regulators
Technical & Behavioral Competencies
- Analytical skills: Identifies all aspects of a subject and examines them in a critical way to construct a broad point of view.
- Accuracy: Constantly attentive to the precision and thoroughness of the information sent and to the quality of the work.
- Risk Management: Detects, analyzes and measures risks relating to activities in the organization and marketplace.
- Communication skills: Expresses his / her messages, both orally and in writing, in an effective, organized way.
- Teamwork: Knows how to work in a team and/or across teams, acts bearing common interests and respect for fellow team members.
- Taking Initiative: Works proactively and independently, implementing work processes, ideas and solutions.
- Results-Driven: Seeks to achieve the objectives set within the defined timeframe, continuously seeks optimum performance.
- Willingness to learn : Trading in multi assets; ability and willingness to learn to trade in different asset class.