BNP Paribas Securities Services

  www.securities.bnpparibas.com
  www.securities.bnpparibas.com
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BNP Paribas Securities Services Reviews

Updated September 21, 2014
Updated September 21, 2014
48 Reviews
3.4
48 Reviews
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BNP Paribas Securities Services Directeur Général Patrick Colle
Patrick Colle
6 Ratings

Employee Reviews

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  1.  

    Great place

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNP Paribas Securities Services

    Pros

    Nice people,nice job.
    Ambitious company
    Lots of services

    Cons

    Poor compensations, too many politics related to Europe.
    Language

  2.  

    Should be a great company, but isn't

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst  in  King of Prussia, PA
    Current Employee - Operations Analyst in King of Prussia, PA

    I have been working at BNP Paribas Securities Services full-time for more than 5 years

    Pros

    Great learning experience if you are not familiar with the industry. It's a good location to develop skills and learn about the financial services industry.

    Cons

    Pay is not competitive, management is incompetent, and no chance for career growth. Hard work does not get noticed, and it certainly does not get rewarded. Management is very secretive. Do not expect opportunities for advancement.

    Advice to ManagementAdvice

    Leadership is severely lacking in that office; it is unbelievable that I have worked there for 5 years and they have never advertised an interview for a promotion in that location.

    Andrew Dougherty is the most arrogant, unlikeable person in senior management of any company I have ever met, and it shows in how he interacts with people. Do not expect that person to ever lift a finger to help you in any way.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Bad place with good people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President (Trader)  in  New York, NY
    Former Employee - Vice President (Trader) in New York, NY

    I worked at BNP Paribas Securities Services full-time for more than 8 years

    Pros

    There are some great people at this firm but just under bad management. Time-off policies are good but obviously not as good as if you are a French expat from the Paris office. Heard they have implemented "summer fridays" now where you can dress-down and leave at 2pm..

    Cons

    Pay is terrible (confident to say its the worst on Wall Street), Bad Management = Bad Leadership (all orders come from Paris and they are never good), they can never stick to a plan (lots of building a business, then shutting down, then rebuilding), its virtually impossible to get promoted above VP (they give you a checklist of items you need to achieve, which includes everything except your actual job description, before you actually are submitted for consideration for a promotion meanwhile they hire people who are about to be fired elsewhere and give them a director/md title walking in the door.

    Advice to ManagementAdvice

    Learn how to actually manage, treat your employees with respect and actually pay them what they deserve!! The $8.97 billion you were fined for doing business with terrorists could have been used to pay your employees!!!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    operations intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNP Paribas Securities Services

    Pros

    nice environment; people were very helpful

    Cons

    cant really think of one right now

  6.  

    Working for a firm who's parent company is offshore is challenging.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at BNP Paribas Securities Services

    Pros

    The number of vacation days offered cannot be beat. VP's 30 days. Directors 35 days.

    Cons

    Senior management can be aloof. The only people safe from downsizing in the U.S. are those from France.

    Advice to ManagementAdvice

    Positive employee morale is vital to a successful business. Much more effort to improve morale is needed.

  7.  

    Great business opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst  in  King of Prussia, PA
    Current Employee - Analyst in King of Prussia, PA

    I have been working at BNP Paribas Securities Services

    Pros

    Great financial institution, with strong AA rating, one of the best worlwide
    Lots of projects and initiatives; great ambitions in the US
    Local and senior management extremely dedicated, caring, motivating
    Local senior managers have an incredible knowledge of the industry and a real vision; great to work for people like that !
    Benefits are awesome: Health care, paid time off
    Location and premises are OK

    Cons

    Shy on compensation
    Lots of politics with Europe and others

    Advice to ManagementAdvice

    Continue but try to increase compensations

    Recommends
  8.  

    Growing business that is not growing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Trader  in  New York, NY
    Current Employee - Trader in New York, NY

    I have been working at BNP Paribas Securities Services

    Pros

    Opportunity to make an impact. If you come in with an extensive client base and years of experience generating business independently than you might be able to find some success here. (Whether or not you get paid for it at the end of the year is another thing-bc you probably wont)

    Cons

    The sales force is terrible, sales management has no clue what theyre doing and have no idea how to become competitive with other wall street giants (JP Morgan, Goldman Sachs, Bank of America, Deutsche Bank etc) They make NO effort to invest in technology and resources for support functions (Middle Office, Back Office, Finance, Technology etc) are limited at best. The quality of talent is very poor compared to competitors.

    Advice to ManagementAdvice

    Fire every single salesperson and start over - hire some talent with better client relationships.

    Doesn't Recommend
  9.  

    BNP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst  in  Jersey City, NJ
    Current Employee - Analyst in Jersey City, NJ

    I have been working at BNP Paribas Securities Services

    Pros

    Benefits are extremely competitive. Since it is a smaller securities services firm, exposure to all business units are high, and there is room for lateral movements.

    Cons

    Salary on all levels is below par for similar firms. While it is fairly easy to move in lateral directions, growth within the company is tight. CIB remains separate, and hard to transfer into from operations.

    Advice to ManagementAdvice

    In my opinion, management should be more proactive reagrding employee devlopment, and learning. At the current time, the firm is not sponsoring tests for 7, 63, 3, etc.

  10.  

    Decent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

    I worked at BNP Paribas Securities Services

    Pros

    Strong platform, very smart traders and bankers, a great place to learn. BNP Paribas is huge - they have offices all over the world and are a great brand to have on your resume. The work culture is nice - a bit franco-centric, which is probably why they are not a big presence in the US (unlike DB or UBS).

    Cons

    Little cooperation between teams/desks. Competition between groups is stiff which, at times, can hurt the company.
    There is an over-reliance on models and quantitative analysis which is fine in most cases, but little effort to advance investment banking business in the US.

    Advice to ManagementAdvice

    Invest in more US employees - expand the US-based Analyst/Associate hiring program to include the bigger schools that feed into Wall St.

  11. 1 person found this helpful  

    Great Bulge Bracket Firm; however, culture focused so not very diverse.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Strategic Marketing Analyst  in  New York, NY
    Former Employee - Strategic Marketing Analyst in New York, NY

    I worked at BNP Paribas Securities Services

    Pros

    Great access to innovative and advance products especially within Equity and Commodity Derivatives.
    Talented employees with advanced quantitative and qualitative skills. There is no one at BNP Paribas that does not have a huge wealth of product knowledge or quantitative skills which makes the work environment perfect for learning opportunities.

     BNP Paribas offers their employees wonderful travel and transfer opportunities and no one is pigeon holed within their position if they wish to access new positions.

    Great benefits in terms of 401, healthcare, etc.

    Very receptive to educational training opportunities and very encouraging.

    Company has perhaps more conservative approach to client offerings which makes it less susceptible to volatility in the markets than other bulge bracket firms.

    Employees in general are very friendly.

    Cons

    Culture is very very difficult if you are not French. Everyone is French and the culture is an integral part of the work environment. Therefore if you do not speak French it can be difficult to feel "integrated".

    Pay is on the lower end of bulge bracket firms. Very warped methods of promotion as it varies not depending on individual performance but rather on bureaucracy and personal preference. Can feel a little too personal rather than professional.

    Little to no women and when they are women, they do not have the usual money generating positions. At times there appears to be little reverence to women in general.

    Lack of employee diversity.

    Advice to ManagementAdvice

    Improve diversity initiative. Focus on individual performance rather than biased personal preference.

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