Inflation Rates Strategist

Job description

BNP Paribas Corporate & Institutional Banking (CIB) is a leading European investment bank with global leadership in many of our businesses. We are part of the BNP Paribas Group, a financial institution with solid foundations and a proven ability to adapt to change. If you are thinking about a career in investment banking, there is no better place to begin your journey than with BNP Paribas CIB. With nearly 30,000 employees in over 55 countries, we can offer you an exciting start to your career.

Purpose of the role:

· To increase profitable client business by providing a Cross Asset offering for clients that leverages the firm’s strengths in markets and the work of colleagues globally.
· To partner with the global Sales team and Trading teams in order to develop the Bank’s clients franchise.
· Support the Global Markets 360 team, in its aim to provide best-in-class value-additive research to its clients.
· To provide, market and help develop market leading content within the interest rates strategy team.

Key Responsibilities:

With close supervision from line management, is responsible at intermediate level for:

Overall

· Working collaboratively with Sales, Trading and other relevant areas of BNP Paribas to develop the client franchise.
· Generate, and assist in the generation of, value-additive economic analysis and market views/trade ideas relevant for BNP Paribas trading desks and Corporate and Institutional clients.
· Conduct analysis of interest rate markets in order to provide internal and external clients with insights and actionable trade recommendations via publications and face-to-face meetings.
· Coverage of UK nominal and inflation and EUR inflation market.

Business & Clients

· Prepare, write and internally/externally market written reports on our views on Rates Strategy, with a particular focus on UK nominal and inflation and EUR inflation market.
· To leverage themes, data models/analysis and trade ideas created by strategist colleagues globally.
· Help drive cross-asset topical ad hoc flagship research pieces.
· Works closely with the Global Markets Sales in marketing, presenting to clients and developing a product that is used by our account base.
· Be very visible with our key clients.
· Drive the key Global Markets forecasts and actively integrate the views across research – economics, rates credit, FX and local markets.
· Improve the product mix and promote suitable business (based on risk position, regulatory and balance sheet constraints, liquidity and trading capacity) in order to increase profitability.
· Working in conjunction with Trading, generating trade ideas.
· Assist in helping the trading desk with risk positioning.
· Drive the integration of Strategy & Research product across the different regions globally.
· Acting as global Strategy & Research spokesperson in terms of views, ideas, and analysis of the market.
· Direct contribution to BNP Paribas operational permanent control framework.

Desired profile

Qualifications :

Technical skills and qualifications required for the role

Intermediate experience in the following:

· 
A history of working in markets to provide bespoke trade ideas using cash and derivative instruments (including inflation, volatility).

· 
Experience of and familiarity with rates research products.

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Previous trading or sales experience preferred, or working closely with the sales/trading teams to provide bespoke trade ideas.

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Existing experience in managing risk on macro trades.

· 
Demonstrate a good understanding of key macro & thematic drivers across asset classes.

· 
Knowledge of economics and statistics.
Behaviour Skills :
Communication

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Develops and delivers simple information or messages, both verbal and written, to audiences within the team/department.

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Deliver messages in a clear, structured, accurate and concise manner, based on facts.

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Experience of producing written and oral presentations at a senior level.
Ability to collaborate / teamwork

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Supports team members when required and contributes to a positive work environment. Acts with team’s interests in mind.

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Shares information with people they work with (including manager and team members) about work completed, next steps and areas of concern.

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Adopts an attentive and compassionate attitude in order to understand different cultures and respects diverse opinions and mindsets.
Critical thinking

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Able to articulate views clearly and succinctly

· 
Seeks to clarify when things are not clear or obvious in order to correctly understand issues/projects/etc. Is able to identify the benefits or problems in a proposal or argument.

· 
Tries to contextualise actions that are done at their level, and ensures that these actions are aligned with goals set.
Personal impact / ability to influence

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Knows different interpersonal styles and methods to convince others. Is able to articulate a point of view and flex style to persuade others in situations within the team and/or in a familiar setting.

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Seeks, and is able, to find a compromise when directly involved in a conflict.
Ability to deliver / results driven

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Delivers tasks fully completed on time, based on objectives fixed.

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Where relevant, works without supervision and asks for help and feedback when necessary.
Client focused

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Client focus - Sees stakeholders as well as external clients as “customers”.

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Values positive and negative feedback from both internal and external clients. Takes necessary actions to either improve their client support/response or escalate to the appropriate person/service.

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Is available and pleasant; understands clients’ needs and provides answers within their perimeter of responsibilities.
Creativity & Innovation

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Thinks laterally to identify other sources of useful information and sees ways around obstacles and barriers

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Assumes an active role in implementing new or innovative ideas, solutions, approaches and methods, testing them and suggesting improvement when relevant.

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Shows curiosity in order to develop new ideas and different approaches.

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Contributes to brainstorming sessions in order to find creative solutions or generate new ideas
Resilience

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Stays calm and positive, controls his/her emotions in conflict or any situation of intense stress (due to market, time or client pressure).

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Ability to undertake a number of issues simultaneously is essential as well as the ability to work under considerable pressure

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Passion, tenacity and resilience in an ever changing environment
Transversal skills :
Ability to develop and leverage networks

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Has developed and maintains a network of relationships within the company that they can contact to get help or support.
Analytical Ability

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Understands and selects information that is useful for performing the job.

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Based on various data sources, can break down a problem into simple and complementary elements.

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Identifies links or patterns between elements/situations/information
Business Skills :
Conduct

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Be a corporate role model, supporting and fostering a culture of good Conduct

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Acts with discipline and high ethical standards

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Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks

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Consider the implications of your actions on colleagues, partners and clients before making decisions, and escalate issues to your manager when unsure
Business risk

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Understands the market, credit, operational, compliance, legal, regulatory and reputational risks of recommendations and comments he/ she makes
Diligence

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Displays dedication & prioritises problems by considering the impact on the business; identifies quick-wins
Risk awareness

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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, where relevant
Market, product & business

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Is genuinely interested in financial markets and continually learning and staying abreast of new developments. Evidences a good appreciation of economics and market dynamics, with enough understanding to present views on market conditions and trends

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Continuously develop insight and expertise into his/her market, products and activity, and shares this knowledge with team members. Very strong standing with our client base. Be a leader in opinions and views on the global Cross Asset market. Demonstrates a strong appreciation of economics and market dynamics of the Cross Asset markets, with broad enough understanding to form opinions and present personal views on market conditions and trends
Methodologies / tools :

· 
Bloomberg

· 
Microsoft Office

· 
Macrobond

· 
Statistical analysis

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