About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group 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.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Businessline/Function :
Global Market Operations also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, Product Control, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.
Job Title:
Bond Trade Support– Product Control
Date:
Department:
COCE
Location:
Mumbai
Business Line / Function:
GMO/Product Control
Reports to:
(Direct)
Head of Team
Grade:
(if applicable)
NA
(Functional)
NA
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
To provide efficient and well controlled operational support for Bonds and Repo activities in Global Market and ALMT metier
The position is highly critical and has heavy interactions with sales/trading and clients in US.
Team coverage starts in the US timezone. Team should have appropriate shift to ensure sufficient coverage.
Responsible to manage Bond Trade Support team
Responsible to develop people in the organization and manage the team with strong leadership.
Position is fully accountable Bond Trade Support.
Responsibilities
Direct Responsibilities
· Bring Direct contribution to BNPP operational permanent control framework
· Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
· Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
· Comply with internal and external regulatory and compliance requirements
· Comply with the BNPP standards of Code of Conduct
· Comply with the BNPP IT Security policies
· Anti‐Money Laundering / Financial Sanctions “AML/FS”) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.
· Responsible for providing direct assistance and support to Asia-based marketers and traders in Asia Pacific in respect of bond and repo products:
· following up of any trade or settlement details discrepancies for trades done in Asia Pacific
· reconciling trades between front office pre-confirmations to external clients and deal capture systems
· monitoring/undertaking trade exceptions processing
· ensuring prompt and accurate set up and update of client SSIs
· assisting various back/middle offices with general queries
· assisting clients' queries
· Responsible for collection, maintenance and update of clients' SSIs and confirmation details
Contributing Responsibilities
•Direct relationships with the front office / back office colleagues.
•Build and maintain strong relationships with stakeholders across the globe in Front, Back and Middle Office
•Strong working and open relationship with local management
Technical & Behavioral Competencies
.
· • IB Bond Operations experience preferred, essentially in Trade Support functions
· • Competency with MS Suite, especially Excel, and the ability to learn multiple programs quickly
· • Knowledge of and an interest in the financial markets
· • Ability to work under pressure, handle multiple priorities and work as part of a team as well as individually
· • Comfortable working across various groups including Sales, Trading, Accounting, Technology & other MO Teams
· • Prior middle office or operational experience is a must
· • Strong control focus and aptitude (both financial and operational).
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Decision Making
Critical thinking
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to anticipate business / strategic evolution
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 7 years
Other/Specific Qualifications (if required)
