About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
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:
AVP
Date:
2024
Department:Derivatives Execution & Clearing Operations
Derivatives Execution & Clearing Operations
PFM
Location:
Bengaluru
Business Line / Function:Fee Shared Service
Post Financial Management
Reports to:
(Direct)
VP
Grade:
(if applicable)
na
(Functional)
Number of Direct Reports:
na
Directorship / Registration:
NA
Position Purpose
The role at Fees Payables is in charge of the team that handles the computation, control, reconciliation and payment of the invoices related to various types of expenses, providing direction, instructions and guidance to all team members.
Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues;
Responsibilities
· Coach the team and help its members to develop and achieve their full potential.
· Responsible for the day-to-day operations of the team activity, while taking action in the cases where escalation is needed.
· Act as moderator and problem solver, managing any issues within the team.
· Review and sign-off of the team's reporting activities, with the support of the Manager.
· ▪Act as the central point of contact for different stakeholders, like Front Office, Middle Office, Accounting, and Finance.
· Provides training and instructional demonstration to staff, partners, and clients in regards to the firm’s margin settlement framework, regulatory requirements and related operational processes
·Demonstrates a highly competent working knowledge of FCM operations involvement in the life cycle of execution and clearing activities that result in the calculation margin requirements
·Ensure ample familiarity with our escalation procedures and raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution
· Ensure that the controls in place are robust enough to protect the Group, adopting a mindset of continuous improvement.
Risk control and supervision:
- 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
- Participate in client visits and conference calls
- client focus
- Ensure that procedures /BIA /BCP planes are updated and validated on a timely manner
