Description - External
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 also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.
Job Title:
Manager / AVP
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 role of the Credit Derivatives Trade Validation – Associate is accountable for the delivery of the Credit Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. They will also ensure that the transaction is correctly feeding FO to BO booking systems.
Responsibilities
Direct Responsibilities
- Accountable for:
- The management of trades in Focus trade blotter, ensuring trades are picked up and allocated and validating amends performed with the guidance of more Senior colleagues
- Booking of flow credit trades and structured credit trades, ensuring alignment of trade termsheet
- Managing the flow of new trades and amendments from Front Office systems to Back Office system
- Running all reconciliations, investigating any breaks identified and solving simple to intermediate breaks referring complex breaks to senior colleagues.Solving queries relating to booking discrepancies
- Coordinate activities with internal clients and external clients to ensure the smooth delivery of operations processes and service levels in accordance with the established procedures and guidelines.
- Assist in the training of new and junior members of the team
- Ensure accurate and timely processing of rebooking initiatives and migrations.
- Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand.
- Support the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible
Participate in Transversal projects
Technical & Behavioral Competencies
- Typically require a university degree as an indicator of an ability to understand and apply complex theoretical concepts, although may have progressed into the role via equivalent business experience.
- Experience within Financial Services or a similar control environment
- Knowledge and understanding of CRD products and trade support processes.
- Sound knowledge and understanding of the products, GBLs covered, systems and trade processing workflow.
- High degree of interest in product and process issues affecting the department
- Strong analytical skills and ability to meet deadlines and objectives
- Ability to handle multiple tasks simultaneously and prioritise independently
- Stakeholders management skills and ability to collaborate across teams
- Effective time management and ability to prioritise workload and escalate issues to management.
- Good written and oral English skills in order to articulate technical issues associated to work area.
- Strong personal focus on accuracy and attention to detail
- Computer literacy and a good knowledge of standard computer software and able to learn and utilise specialist applications appropriately
Specific Qualifications (if required)
· Bachelor/Masters Degree and or CA/CFA/FRM or equivalent
· At least 7+ years of experience in Product Control - P&L domain
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Critical thinking
Creativity & Innovation / Problem solving
Resilience
Transversal Skills:
Ability to set up relevant performance indicators
Ability to develop others & improve their skills
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Education Level:
Master Degree or equivalent
Experience Level
At least 7 years
Other/Specific Qualifications (if required)
NA
