Job Description
About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.
About Businessline/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
Date:
Sept 2024
Department:
COCE - Product Control
Location:
Bangalore
Business Line / Function:
FX Prime Brokerage Trade support
Reports to:
(Direct)
Vice President
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
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
- Candidate should be okay to work in night shifts starting anywhere between 17:30 – 21:30 IST
- Participating and leading client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
- Working with internal and external parties to resolve trade discrepancies on T and post T
- Working in an environment with direct client interaction
- Escalating client trade related issues
- Understanding and responding to client queries with respect to client reporting on Data Direct, a BNP Paribas website
- Working closely with IT developers defining infrastructure upgrades and maintenance requests
- Managing trade life cycle events including daily option exercises/expirations and NDF fixings
- Coordination with all internal stakeholders who support our business ( Risk, Credit, Legal, Collateral, BO, Sales, IT)
- Monitor Limit utilization throughout the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
- Distributing monthly invoices and monitoring the collection of fees
- Ad Hoc project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements
Contributing Responsibilities
- Contribute to the Permanent Control framework
Shift Timing: US (rotational)
Technical & Behavioral Competencies
- The successful candidate will need to demonstrate the following:
- Strong organizational and analytical skills
- Good product knowledge
- Proficient in Excel
- Excellent verbal and written communication skills
- Ability to maintain focus in a fast-pace environment
- 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 however for this role it will be AMER shifts
Specific Qualifications (if required)
- Minimum of 5 years in a foreign exchange prime brokerage position
- Strong understanding of FX Spot/Forward/Options
Skills Referential
Behavioural Skills:
Creativity & Innovation / Problem solving
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills - oral & written
Transversal Skills:
Analytical Ability
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to anticipate business / strategic evolution
Ability to manage a project
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 10 years
Other/Specific Qualifications (if required)
NA
