DEC -Clearing

 


About BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. The Group 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

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 Business line/Function:

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

  

Job Title:

Assistant Manager - DEC-Clearing 

Date:

2021

Department:

DEC- Clearing

Location:

Bengaluru

Business Line / Function:

Derivatives Execution & Clearing Operations

Reports to:

(Direct)

Team leader/Assistant Manager

Grade:

(if applicable)

NA

(Functional)

 

Number of Direct Reports:

NA

Directorship / Registration:

NA

 

Position Purpose

The candidate would be Part of Derivative Execution and clearing team, working along with the DEC Market Fees Reconciliation and Brokerage team.The role would concentrate To clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.

The role requires a high level of attention to detail, to ensure BNPP SA’s external end client fees are validated and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.

Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Middle-office

  • Be the 1st point of contact for all counterparties (clients, brokers, CCPs) with regards to trade allocation/clearing
  • Top day trade monitoring and allocation for involved exchanges to ensure STP trade flow
  • Follow up of pending trades closely and ensure all clients trades are booked at T day
  • Perform timely reconciliation between internal systems and Exchanges ones
  • Identify, assess, monitor and control the risks of the activity

Back office

  • Clearing Houses vs Back Office Reconciliations (margins, premiums , positions, initial margins)
  • Ensure that reports sent to clients are reliable
  • Manage daily payments and intra-day margin calls
  • Ensure that all clients related issues, queries and request are addressed in an efficient, accurate and timely manner
  • Monitoring of corporate action events impacting the underlying contracts
  • Follow up  of instructions settlement processing
  • Maintenance of the accountancy balance (Market fees reconciliation, CCP vs client cash flows…)
  • Participate in projects to drive the business forward to deliver internal or market system releases (Market releases, MO/BO tools enhancements…)
  • Monitoring position for T and t+1
  • Process the reconciliation vis-à-vis the clearing house (trades, position, premium, Initial margin, variation margin, fees etc.) for various markets across globe.
  • Follow-up & solving client queries
  • Adhere to daily checklist to ensure controls are followed.
  • Contributing ideas to improve the process by identifying appropriate control measures.
  • Ensure importance is given to four eye validation for each activity
  • Managing BAU emails/ phone calls related to Listed Derivatives
  • Ensure proper documentation for the purpose of risk and audit trail 
  • Abiding the Service Level Agreements.
  • Ability to work independently, as well as in a team environment, prioritizes multiple

Tasks and meets strict deadlines.

  • Highlight any unresolved open items to the respective process Managers.

Risk control

  • Monitor activity progress against the goals and take appropriate corrective action as and when it is required
  • Control and ensure that all tasks are processed accurately and on a timely manner
  • Identify risk, suggest implementation of a first level of control.

Contributing  Responsibilities

  • Deal with client and brokers issues escalated by the team and share it with the management when appropriate
  • Participate in client visits (if required) and conference calls
  • client focus
  • Collaborate /Liaise with other BNPP teams/stakeholders.
  • Ensure that procedures are updated and validated on a timely manner
  • Perform and updated the status of the assigned tasks in the daily task checklist.
  • Breaks analysis and dispute resolution

Technical & Behavioral Competencies

  • Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
  • Knowledge of Exchange Traded derivative products /ETD Clearing.
  • Experience of the commodity exchanges’ and CCPs’ platforms - preferable though not required
  • Flexibility to accommodate business requirements and working hours.
  • Ability to use Excel at an intermediate level - essential
  • Excellent numerical and analytical skills - essential
  • Ability to analyse large volumes of data
  • High attention to detail and quality focused
  • Be comfortable with escalation and managing issues as they arise
  • Forward thinking and proactive with the ability to question process
  • Ability to work under pressure
  • Team Player

Specific Qualifications (if required)

  • Bachelor’s degree from a college or university
  • Strong Communication skills and client focus oriented
  • Fundamental understanding of clearing /Futures & Options markets.
  • Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)
                               

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

 

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Beginner  to 2 years

Other/Specific Qualifications (if required)

NA

       
  • Bachelor’s degree from a college or university
  • Strong Communication skills and client focus oriented
  • Fundamental understanding of clearing /Futures & Options markets.
  • Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

Primary Location
IN-KA-Bangalore
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 7 years
Schedule
Full-time
Reference
OPE002256

Découvrez les métiers de BNP Paribas : Gestion des opérations

Maillons indispensables au bon fonctionnement de notre Groupe, les métiers de Gestion des opérations visent à garantir la satisfaction de nos clientèles et de nos équipes au quotidien. Une activité stimulante, qui fait rimer efficacité et esprit d’équipe.

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Pourquoi je candidaterais ?

Pour quelles raisons je rejoindrais BNP Paribas et pas une autre entreprise ?

Parce que je souhaite...

  • Et si on vous disait que travailler dans notre Groupe, ce n’est pas ce que vous croyez ? Chez BNP Paribas, on exerce une multitude de métiers qui évoluent en permanence pour être en phase avec les attentes des clientes et clients comme de la société.

  • Se sentir bien dans son job, c’est avant tout venir travailler comme on est.  C’est aussi avoir les moyens d’un bon équilibre entre sa vie professionnelle et sa vie personnelle. Deux engagements majeurs pour BNP Paribas.

  • Chez BNP Paribas, le développement de vos compétences est essentiel, pour vous comme pour nous. Et cela vous servira pour toute votre vie professionnelle.

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