Job Description – APAC Fixed Income

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions

About Business line/Function :

Global Market Operations is a global team, incorporated in 4 main platforms (New-York, London, Hong-Kong and Paris) working very closely with Front Office (FO) (Sales and Trading), Back Office, IT, Finance, Risk, Valuations & Risk Control and Process teams.

Its main missions are to support efficiently the Front Office over the core controls performed post trades:

Trade support, Referential & Corporate Events, P&L, Reporting, Control, Confirmation, Back Office and Settlement, Prime Brokerage, Execution and Brokerage

Job Title:

Associate 1

Date:

6th June 2022

Department:

Global market Operations- Product Control

Location:

Infinity, Mumbai

Business Line / Function:

Fixed income /Reconciliation

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position – Team Lead

Responsibilities

Tasks embedded to fulfill those objectives

  • Monitoring & management of the task assigned in FO to BO trades for Asian flows/deals.
  • Reducing lead time & improve the responsiveness for break analysis & the related actions with BO/Accounting teams
  • Should be single point of contact for task assigned with regards to Operational breaks & any issues within the team.
  • Responsible for front to back deals reconciliations for Asia Pac within Socrates for both Fixed Income and Treasury perimeter, by ensuring that all the discrepancies and unmatched deals are followed up and resolved on a timely basis.
  • Responsible for internal deals reconciliations for Asia Pac within Socrates.
  • Responsible for front to accounting reconciliations for Asia Pac within Socrates.
  • Contribute to process workflows by addressing any systems improvements and/or workflow enhancements surrounding reconciliation functions.
  • Provide coverage of duties of other staffs.
  • Responsible for minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls Ensuring appropriate escalation to management and/or Permanent Control (or Compliance as appropriate) as soon as an issue is identified
  • Team is in charge of position controls & uses all the reconciliations tools available.
  • The reconciliation is exhaustive & is required to be performed daily.
  • Assigned reports must be validated & analyzed every day.
  • To ensure Investigation into the exceptions in reconciliation done by the teams.
  • Intimate the Fixed Income back office the action that needs to be taken.
  • Raise with the Rectool support, any issues pertaining to the reconciliation tool.
  • Escalate long pending JIRAs wherever required.
  • Reply to queries & escalations raised by the Finance departments of sites.
  • Organize periodic meetings with the various stake-holders.
  • Work closely with the Settlements & Confirmations team to resolve issues
  • Assist in validating and controlling that all end of day tasks are performed.
  • Reconciliation between Front Office and Back Office systems and Back Office and accounting Systems.
  • Respond and provide quick resolution to the ALM/Treasury, Finance queries

Reconciliations Improvements

Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.

Making the reconciliation tools evolve to fulfill with production needs --> new systems, new products, and specific request from trade support.

Extending the global area of reconciliations in order to reduce operational risk where applicable.

Implementing/enhancing reconciliation tools to fit with trade support needs.

Transversal involvement

Is in charge of all reconciliation assigned & is indeed involved in the process

Ensure all the STP process in place are performed efficiently & effectively in a timely manner.

Take Initiatives, communicate with BO & other teams on the enhancement & development of new products STP process

Completion of ORUS on Daily basis

Provide professional comments & initiative to ensure relevant & sufficient reconciliation in place

Technical & Behavioral Competencies

Technical Knowledge

  • Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  • Strong Treasury (Rate / Bonds) & Equity derivatives products & operations process knowledge.
  • Strong Preference to have MS skills (VBA, Excel, Access) would be a significant plus.

Skills and competencies

  • Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
  • Organized & good resistance to stress: Excellent time management and good positive resistance to stress are compulsory.
  • Attention to detail: Escalate in timely manner, highlight any abnormalities
  • Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
  • Self-discipline & autonomy: Have a constant “delivery on time” mindset, on the daily production.
  • Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage…) as this is a constant changing environment
  • Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
  • Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management.

Specific Qualifications (if required)

  •  Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  •  Strong Fixed Income products knowledge including the F2B workflows and the product event management.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Creativity & Innovation / Problem solving

Attention to detail / rigor

Client focused

Ability to collaborate / Teamwork

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and leverage networks

Ability to develop and adapt a process

Ability to manage a project

Education Level:

Bachelor Degree or equivalent

Experience Level

Choose an item.    At least 3 years  max limit 5 yrs

Other/Specific Qualifications (if required)

               
Primary Location
IN-MH-Mumbai
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 3 years
Schedule
Full-time
Reference
GLO005135

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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