Job Description
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 Business line/Function :
Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals - P&L and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community.
Job Title:
Associate level 1/Senior Associate - Trade Support
Date:
2024
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE Product Control
Reports to:
(Direct)
Head of Team
Grade:
(if applicable)
NA
(Functional)
NA
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
The Trade Support team looks after the SBL Middle Office Operations.
The resource will need to work in partnership with our clients, sales and trading to ensure that trades are allocated, confirmed, and processed in a timely manner. Provide support to our front office equities trading desks and also act as a point of contact for internal front/back-office enquiries.
Responsibilities
Direct Responsibilities
· Help Stock loan and Finance desk for trade support activities like trade rebooking, Recall and returns. Manual call-in of return as per the agreed procedure,
· Monitor, investigate and resolve contract compare breaks in order to resolve margin disputes in timely manner, prioritize and escalate accordingly.
· Responding to client queries & Front office queries.
· Liaison with trading desk and related stakeholders to escalate any trade or booking issues.
· Build and maintain strong relationship with our front office, Back office and operations areas.
· Ability to apply problem solving and investigative techniques to trade booking / flow issues..
· Help with project and CTB development where required.
· Build and maintain strong relationship with our front office, Back office and operations areas.
· Sound knowledge of Stock lending and other derivative instruments would be preferable. ·
· Relationship management – daily engagement with key internal and external partners (financial institutions & business partners across the world), managing Clients’ expectations.
· Control Environment – focus on control aspect of the role, KRIs/Key Performance Indicators and a full understanding of operational risks.
· Change Delivery.
· Help with project and CTB development where required.
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
· At least 3 years in an operational support position.
· IB Equity 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 (derivative product knowledge especially swaps/ FX/ F&O )
· 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 3 years
Other/Specific Qualifications (if required)
