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:
Senior Associate/ Assistant Manager – Rates / FX Drafter
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
Global Markets Documentation
The officer will be a part of the confirmation drafting team for Foreign Exchange, Money Market, Equity Derivatives, Credit and Interest Rate Derivatives and Commodity trading (power, gas, oil, precious metals).
Responsibilities
Drafting Team:
The Drafting team is responsible for ensuring that all BNP Paribas confirmations are
Dispatched to clients i.e Interbank and Corporate Clients. The team covers a wide range of products traded by the Trading desks such as Vanilla products and the more complex Structured trades.
The Drafting team is also responsible to perform final verification of the trade economics before dispatching the final confirmations to counterparts.
The team works closely with other Trade Processing teams, legal teams and Front Office to ensure timely communication for any booking discrepancies, template issues and outstanding confirmations.
· Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
· Ensure appropriate escalation to management as soon as an issue is identified.
· Ensure that documentation controls are done daily, comments detailed clearly, and be responsible for reliability of records for EQD Derivatives
· Ensure set KPIs are met
· Play a Role in Project Management
Contributing Responsibilities
Continuous Control & Improvement:
- Continuous review of processes and controls ensuring we minimize the Operational Risk to BNP Paribas.
- Contribute to the Permanent Control framework
Projects
· Participate to global projects related to any Documentation processes improvements.
· Play a key Role in Project Management
Key results areas:
· Process Alignment
· Capacity to handle analysis/ continuous improvement/light touch projects
· Transversality of the global setup
Technical & Behavioral Competencies
Technical competencies :
- Fluent English
- ISDA definitions & templates
- Front to back workflow
- Risk Management
- Strong analytical skills
- Ability to innovate
- Strong team player and strong problem-solving mindset as well as client-oriented
- Advanced proficiency in Excel & presentations
Behavioral Competencies :
- Organized & good resistance to stress
- Attention to detail
- Ability to prioritize workloads & use a proactive approach to meet deadlines
- Self-discipline & autonomy
- Adaptability & Change Management: Fungible resource who is ready to adapt
- Strong Client Focus: Client is at the center of all our concerns.
- Escalation & Reporting
- Effective escalation and consensus builder
Specific Qualifications(if required)
· Experience in Documentation prefered (drafting /chasing/matching)
· Bachelor or Master Degree on Economics, Mathematics or Finance.
· Fluent in English (both oral and written communication)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Attention to detail / rigor
Ability to deliver / Results driven
Client focused
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Ability to set up relevant performance indicators
Ability to understand, explain and support change
Analytical Ability
Ability to anticipate business / strategic evolution
Ability to understand, explain and support change
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
