Senior Associate / Assistant Manager - Product Control

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 :

 

Global Market Operations also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, Product Control, 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:

Date:

 

Department:

COCE

Location:

Mumbai/Bangalore

 

Business Line / Function:

Reports to:

(Direct)

Head of Team

 

Grade:

(if applicable)

NA

(Functional)

NA

 

Number of Direct Reports:

NA

Shift

Flexible –APAC/EMEA/AMER

   

Position Purpose

 

Product Control team supports Front Office teams across asset classes in Trade life cycle management, Reporting P&L, ensure Risk and Control are managed within the threshold and reconcile post trade activity with counterparties.

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.

Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management.

 

Responsibilities

 

 

Direct Responsibilities

·    Management of all spill queues within the platform.

·    Responding to client queries & Front office queries

·    Liaison with trading desk and related stakeholders to escalate any trade or booking issues.

·    Ability to apply problem solving and investigative techniques to trade booking / flow issues.

·    Build and maintain strong relationship with our front office, Back office and operations areas

·    Knowledge of Options and other derivative instruments would be preferable.

·    Validate the official Economical P&L figures and the related P&L explains (market move, new deals, etc) and investigate the discrepancies with the Front Office Predict.

·    Submit the P&L for Sign-off to the Traders.

·    Report, Comment and Validate the P&Ls into the Official Reporting tool

·    To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.

·    To monitor traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses

·    To perform as an independent control team to strengthen all the control within Global Market Operations

·    Making sure completion of assigned tasks of breaks, Communicating the breaks as soon as possible to the related teams (trade support, FO, BO) for action/correction

Contributing Responsibilities

·    Participate to global projects related to MO or P&L processes improvements.

·    Participate to local projects related to systems migrations.

·    Participate to the improvement of the productivity within the team by proposing initiative

 

Qualification & Shift Timings

 

Specific Qualifications (if required)

·    Any Bachelor Degree - Non engineering

Shifts:

·    Candidate should be flexible to work in any of the following shifts basis job roles assigned to:-

o6:30am to 3:00pm

o9:30am to 6:00pm

o12:00pm to 8:30pm

o2:00pm to 10:30pm

o6.00 pm to 2.30pm

 

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 tskills)

 

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

Beginner

 

Other/Specific Qualifications (if required)