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.
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:
Manager
Date:
2025
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE Product Control
Reports to:
(Direct)
Head Of the Team
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Derivative Trade Validation is responsible for trade capture, life cycle event booking and management (Trade flow, STAR interface, MAD interface, Evolution booking…etc), resolving FOBO reconciliation breaks and investigations.
Product Scopes: Interest Rate Swap (IRS), Cross, Currency Swap (CCS), Caps & Floors (CF), Credit Default Swap (CDS), Forward Rate Agreement (FRA), Interest Rate Swaption,TRS
The Derivatives Validation team’s primary responsibilities are
· To handle trade capture and validation of Structured,Vanilla Derivative deals in Back Office system
· To perform as an independent control team to strengthen all the control within Global Market Operations and to follow the escalation rule
· To assist, work closely and have frequent contact with Front Offices (Sales, Trading, Business/Project Managers)
· To handle Life cycle events and unwinds as per Front Office requests.
· To participate in project management to increase the efficiency and scalability of the process.
Responsibilities
Direct Responsibilities
Trade Support Functions
· Trade Booking, Amendment & Validation
· Reconciliations
· Trade Lifecycle Events
· Install a good efficient communication/dialogue with Sales, Trading, IT and other operation teams
· Ensure all queries are handled correctly by the right department in a timely manner.
· Minimize operational risk and detect fraud
· Escalation to the management and further to Management/FO/Business/Risk if needed
· Ensure all cash flows are settled correct and paid on pay date.
· Participate to global & local improvement, automation or regulatory projects
Contributing Responsibilities
Trade Support Functions
· Trade Booking, Amendment & Validation
· Reconciliations
· Trade Lifecycle Events
· Install a good efficient communication/dialogue with client, Sales, Trading, Relationship Managers and IT
· Ensure all queries are handled correctly by the right department in a timely manner, both internally and externally
· Follow up of any client’s request until the issue is solved
· Minimize operational risk and detect fraud
· Escalation to the management and further to Management/FO/Business/Risk if needed
· Ensure all cash flows are correct and paid on pay date.
· Participate to global & local improvement, automation or regulatory project
Technical & Behavioral Competencies
TECHNICAL SKILLS
· Strong knowledge of the FO to BO operational workflow (full trade life cycle chain)
· Good knowledge in financial products
BEHAVIOURAL
· Excellent communication skills,
· Results-oriented & client focus
· Strongly committed
· Good team player, Collaborative mind-set
· High capacity to take initiatives
· Analytical and synthetic skills
· Strong analytical/problem solving mind-set
Specific Qualifications (if required)
· A thorough understanding of financial markets and product knowledge (including the Front-To-Back workflows and the product event management)
· At least minimum 5 years’ experience in Global Market industry (Preferably Trade Support,validation)
· Excellent communication skills, with good influencing and relationship-building skills.
· Fluency in English, both and written communication and interpersonal skills.
· Pro-active in general, taking own initiatives to prevent risks/issues.
· Ability to work well under pressure and take initiative.
· Solid work ethic and high levels of motivation.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Critical thinking
Creativity & Innovation / Problem solving
Resilience
Transversal Skills: (Please select up to 5 skills)
Ability to set up relevant performance indicators
Ability to develop others & improve their skills
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 7 years
Other/Specific Qualifications (if required)
