Job Title: AVP IC– FX Prime Brokerage Trade support
Department: Markets Operations (FXMM‑OTCD)
About Business line/Function: The FX MM OTC business line drives the origination, execution and post‑trade processing of all over‑the‑counter foreign‑exchange and money‑market transactions across the bank’s global client base. It delivers end‑to‑end trade lifecycle services—including confirmation, collateral management, DVP settlement and exception handling—while adhering to the highest standards of risk control, regulatory compliance, and operational efficiency. Leveraging a unified technology platform and a worldwide network of clearing partners, the team ensures seamless, timely and secure settlement outcomes that underpin BNP Paribas’s liquidity and pricing capabilities in the FX‑MM markets.
Position Purpose:
The qualifying candidate will join the FXPB Middle Office team as a part of BNP Paribas’ Foreign Exchange Prime Brokerage offering. The FXPB middle office is looking to hire an experienced professional who can join the team and make an immediate contribution. The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York.
Responsibilities
Direct Responsibilities
· Daily supervision of a regional TS function (may grow). Continuous review and monitor of controls that are in place and performed daily by the team to ensure operational risk and risk of fraud are set at a minimum.
· Review progress against objectives for all reporting staff, monitor staff performance as compared to defined responsibilities and address performance issue.
· Participate and lead client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
· Work with internal and external parties to resolve trade discrepancies
· Work closely with IT developers to define infrastructure upgrades and maintenance requests
· Manage trade life cycle events including daily option exercises/expirations and NDF fixings
· Coordinate with all internal stakeholders who support the business (Risk, Credit, Legal, Collateral, BO, Sales, IT)
· Daily supervision of client matching process and escalating to senior and globally in case of any High value settlement or pending unmatched for value tomorrow
· Ensure the monitoring of the Limit utilization through the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
· Lead project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements
· Promote an efficient dialog/discussion between the Front office and the Back-Office
· Contribute and keep up with new market initiatives and regulatory projects
· Ensure all regulatory and internal targets are met
· Produce and review of management reports including KPIs and monthly statistics.
· Participate in recruitment/training of temp/trainees/permanent to ensure team objectives are met and develop a control mentality.
· Support any new activity done by various desks supported by the team (NAC and TAC)
Contributing Responsibilities
• Contribute on ongoing basis to BNPP operational permanent control framework
• Take actions to minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
• Embrace the digital transformation by exploring new tools and supporting his teams to look for opportunities to deploy new technologies
Technical & Behavioral Competencies
· Strong organizational and analytical skills
· Good product knowledge
· Proficient in Excel
· Excellent verbal and written communication skills
· Ability to consistently meet deadlines
· Works well within a team environment
· Attention to detail and accuracy
· Service Oriented
· A spirit of continuous improvement
· Flexible shift timings
Specific Qualifications:
· Minimum of 10 years in a foreign exchange prime brokerage position or FX related experience
· Strong understanding of FX Spot/Forward/Options
· Time management to meet rigorous deadlines on multiple concurrent tasks.
· Flexibility to adapt to a new and changing environment.
· Maintains high quality of customer service.
· Display good relationship qualities, team spirit, and ability to work across teams.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
· Critical and innovative thinking
· Inter-personal skills
· Ability to manage / facilitate a meeting, seminar, committee, training…
· Ability to inspire others & generate people's commitment
· Ability to develop and leverage networks
· Ability to develop others & improve their skills
· Ability to anticipate business / strategic evolution
Behavioral Skills:
· Stress Management
· Time Management
· Communication skills - oral & written
· Creativity & Innovation / Problem solving
· Organizational skills
· Personal Impact / Ability to influence
Education Level: Bachelor’s degree or equivalent
Location: Mumbai, India
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 specialized 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, corporate 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.
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.
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. 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.
