BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.
BNP Paribas’ CIB UK Legal department is a dynamic and integral part of the bank's activities, providing expert legal advice and support across a wide range of activities. Our teams work closely with the business on transactional, advisory and governance matters and on disputes. It is led by dedicated professionals who ensure that the bank's interests are protected while adhering to the highest legal, regulatory and ethical standards. The department is involved in various initiatives, including work experience programs, diversity and inclusion efforts, and legal technology advancements, reflecting its commitment to excellence, innovation and efficiency in the legal field.
Company Purpose
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our Employer Promise Is Built Around Three Pillars
- Being a great place to work
- Committed to sustainability and having a positive impact
- Being dedicated to the development of our people
Business area
The 2S Legal platform supports the securities services activities and business line of BNP Paribas providing specialist securities services and investment operations support to a wide range of issuers, financial intermediaries and institutional investors.
The securities services activities are within BNP Paribas, London Branch and BNP Paribas Trust Corporation UK Limited (‘TrustCo’).
TrustCo is a wholly owned subsidiary of BNP Paribas. TrustCo provides trustee services on capital markets and securitisation transactions. The TrustCo and related capital markets corporate trust services sit within Debt Solutions (DS) which forms part of the Financial Institutions and Corporates (FIC) client line.
Job Purpose
Providing legal and transaction management services to the Legal and Transaction Management Group (‘LTMG’) that sits within the Securities Services London legal team. LTMG provides transaction management and legal services to TrustCo Securities Services in relation to trustee and agency appointments on capital markets and securities transactions and Loan Administration appointments.
Key Responsibilities
Where CIB2S and/or TrustCo has been successful in winning new mandates/roles on structured issuance transactions the Transaction Manager (“TM”) will be expected to ensure that the transaction is successfully closed by working with internal and external stakeholders with the supervision and assistance of other transaction managers (‘TMs’)/Head of LTMG/Trustee Administrator as necessary. Work on straight-forward post-close TrustCo matters. Assistance to Head of LTMG on internal and external projects. Assistance to Head of LTMG and other TMs with signings and administrative and procedural matters. Assistance to Head of LTMG with administration of GDRP committee meetings and Trustee Services OpCo (including minute taking).
Key Responsibilities Of The Role
All the following will require the TM to act on their own initiative but with readily available supervision and guidance:
- Appoint, co-ordinate with, and otherwise manage external Trustee legal counsel.
- Co-ordinate, review and negotiate transaction documentation for Trustee roles and any other roles to be performed by Securities Services London.
- Liaise internally with relationship management, operational teams, BNP Paribas, Luxembourg (Transaction Managers, Account Managers and Operations) or other locations to facilitate documentation review and deal closing.
- Liaise externally with Arrangers, Originators, Issuers other deal parties and their legal counsel(s) to facilitate documentation review, negotiation and deal closing.
- Liaise with internal functions such as CoSec, Finance, Compliance and Risk.
- Liaise with clients during the set-up phase of a new transaction.
- Ensure that client/deal requirements are reflected clearly in transaction documentation.
- Ensure that legal and commercial terms of transaction agreements reflect the required language, protections and standards of TrustCo and/or CIB2S.
- Ensure compliance with CIB2S, London branch and TrustCo procedures and policies.
- Ensure all covenants, obligations and responsibilities contained in legal documentation to which TrustCo is party are identified and passed to the Trustee Administrator via Trustee Diary Checklist for input to the Diary Management System.
- Complete all necessary deal and documentation checklists, registers and records and ensure transaction closing is properly documented and recorded TrustCo and/or CIB2S, London systems and that adequate controls and procedures are created.
- Arrange for the opening of custody and/or cash accounts and liaise with relationship managers to ensure timely provision of corporate documentation for compliance and KYC purposes.
- Under supervision, management/resolution of straight-forward post-close matters and enquiries occurring on TrustCo and CIB2S, London branch transactions.
- Act as back-up to LTMG colleagues in times of absence.
- As and when required, attend documentation signing meetings and noteholder meetings for transactions.
- Assist with on non-deal specific ad hoc projects for Head of LTMG.
- Assist with regulatory, general business issues and audit matters, procedures writing, review and update.
- Assist with drafting and review of SLAs and other agreements relating to TrustCo and CIB2S development.
- Organisation of and minute taking for Trustee Services OpCo and GDRP committee meetings.
Requirements
Entry level legal professional (may be a trainee solicitor or graduate)
OR
Transaction management experience with a corporate trust services provider/financial institution/law firm including Trustee-related experience
OR
Paralegal experience
Core Competencies
- Effective written and verbal communication
- Effective time management and personal organisation (ability to work under deadline and volume pressure)
- Team spirit and teamwork
- Flexibility and adaptability
- Self-motivated and proactive
- Client focus
- Develops own professional competence
- Displays Initiative
Desirable
Qualifications required for the role:
- Graduate and/or
- Experience in transaction management role and/or
- Legal qualifications or experience and/or
- Experience in a client service/client facing environment.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
A Bit More About Why You Should Join Us
- We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
- Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
- Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
- Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
- Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
- Subject to relevant caps
- As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
- Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
- Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
