AM / Manager - EMEA Credit Trade Support

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:

Senior Associate / Assistant Manager

Date:

2023

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

• Controls and/or processes trade capture in FO/MO/BO systems
• Monitors and processes trade events
• Investigates on trade feeds, confirmations and payments in case of requests raised by other Operation teams

Responsibilities

TRADE SUPPORT MAIN FUNCTIONS :

• ·       Accountable for:

  o   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

  o   Booking of flow credit trades and structured credit trades, ensuring alignment of trade termsheet

  o   Managing the flow of new trades and amendments from Front Office systems to Back Office system

  o   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

MAIN CONTROL

• Comply with internal and external regulatory and compliance requirements
• Ensure all controls are in place and reconciliations front-to-back are investigated and reconciled:

1. Emails from Back offices, Middle offices and IT are investigated
2. Emails from Credit Risk control are investigated
3. Abnormal Trading are investigated and accounted
4. Ensuring trades are booked timely and accurately on trade date
5. Account for missing booking and escalate when necessary
6. Checking of daily reports

Contributing Responsibilities

• Contribute to the Permanent Control framework.
• Main contributor for team project.

Technical & Behavioral Competencies

• Basic knowledge in OTC Credit Derivative Products
• Deep knowledge of Middle Office Support functions
• Understanding the economical requirements linked to the cessation of the Libor
• Murex knowledge preferred
• Able to work under pressure
• Possess great team spirit but yet can work independently, and is able to train her/his teammates
• Confident and possess good communication and interpersonal skills
• Project management skills

Specific Qualifications (if required)

NA

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Attention to detail / rigor

Organizational skills

Ability to collaborate / Teamwork

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to manage a project

Education Level:

Master Degree or equivalent

Experience Level

At least 4 years

Other/Specific Qualifications (if required)

NA