Job Description
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 Businessline/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:
Manager / Associate Manager - 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 7-10 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)
NA
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)
NA
