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 Solutions - Philippines Branch
Established in 2024, BNP Paribas Solutions Philippines Branch is a branch of BNP Paribas Group, a leading bank in Europe with an international reach. We provide support services. back-office operations services related to or which further the accomplishment of the corporation’s investment services, banking transaction processing, and equity investment.
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.
Position Purpose: FXMM Derivative Back Office is responsible for the day-to-day settlement for Derivative products and Money Market. Team operates in close collaboration with marketers, sales and other internal function teams (APAC & EMEA..) to offer client-first post trade services. Team member is generally assigned with two or three Markets.
We are looking for a highly motivated and experienced FXMM & OTC Derivatives Manager to join our BNP Operations team. In this role, you will be responsible for 100% BAU working day-to-day operations of our FXMM and OTC derivatives business, ensuring that all trades are- processed are efficient, accurate, and compliant with regulatory requirements. Practical knowledge and thorough understanding of various types of financial instruments (equities, bonds, ETD/OTC derivatives, corporate actions)
Key Responsibilities:
To Process payment for Value date and Value date -1, ensure all the payment are cleared.
To Create Manual Payment and able to Authorize value payment from SWIFT Alliance
Ensure that all Corporate/Inter-bank trades are processed and approved in a timely manner
Trade Settlement with onshore/offshore clients
Review critical control reports for manual settlement or processing;
Perform EOD reconciliations
Cash management related with funding trades.
Have knowledge about MT103, MT202 Payment and MTMX Messages.
Troubleshoot potential operational problems and resolve issues
Assist with other staff members in the daily operation requirements
Ensure compliance with regulatory requirements and internal policies and procedures
Develop and maintain strong relationships with internal stakeholders, including traders, sales, and risk management
Qualifications:
Bachelor's degree in finance, economics, or a related field
Minimum of 8 years of experience in operations, with at least 5 years in FXMM and OTC derivatives
Strong leadership skills, with experience managing teams of at least 5 people
Excellent knowledge of FXMM and OTC derivatives products and processes
Strong understanding of regulatory requirements and risk management principles
Excellent analytical and problem-solving skills
Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders
Ability to work in a fast-paced, high-pressure environment
Experience with operations technology and systems is a plus
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Organizational skills
Adaptability
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to manage a project
