Assistant Manager - OTC D2R

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

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 Business line/Function:

Market and Financing Services (MFS) business line provides a range of solutions to support the increasingly sophisticated requirements of institutional investors, alternative asset managers and financial intermediaries. These include Securities Lending (Agency and Principal), Foreign Exchange (On demand FX, Auto FX, Passive Currency Overlay), Triparty Service and a variety of Financing solutions.

Job Title:

Assistant Manager

Date:

11/04/2025

Department:

MFS - OTC

Location:

Chennai, CP2

Business Line / Function:

Derivatives Regulatory Reporting 

Reports to:

(Direct)

Grade: 

(if applicable)

Assistant Manager

(Functional)

Manager

Number of Direct Reports:

NA

Directorship / Registration:

Position Purpose

Replacement FTE - Assistant Manager for performing OTC Derivatives Reporting services. Assistant Manager will be responsible for ensuring the daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations is being completed by the team. He/ She will be working closely with off-shore management, Account managers, internal and external stakeholders as part of their daily tasks and will report to the Manager in Chennai. He / She will also act as the first level of escalation for all BAU related queries / issues. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. 

Assistant Manager will also be responsible for people management, formalizing the work allocations of the team members, discussing with the manager on the mid-year and year-end performance based ratings of the team members assigned to him as part of the performance appraisal.

Candidate with good functional understanding of the OTC derivative business along with good knowledge on OTC products & regulatory requirements is required.

Responsibilities

Direct Responsibilities

Regulatory Reporting:

-   Ensure that all the OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC).

-   Ensure all Nacks/Rejection are actioned and resubmitted to DTCC

-   Reconcile the DTCC position with Client position to ensure that all position are in line.

-   Prepare the monthly KRI and KPI, and ensure the RAG’s are Green.

-   Manage the group inbox and monitor the TAT to email responses.

Contributing Responsibilities

-   Escalating exceptions to appropriate processing team for resolution.

-   Reporting of exceptions in line with internal control and external client requirements.

-  Conduct / attend meetings with team members, Internal and External stakeholders on a regular basis.

-  Conducting one on one sessions with team members to appraise their performance on a quarterly basis.

-  Ensure the daily Checklist is signed by all team members and shared within the team.

-  Act as SME within the team and as an escalation point of contact for any internal and external queries / issues.

-  Should ensure having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness with the SMEs in the team

-  Should be vigilant in terms of any identified errors/ incidents notified by the SMEs in the Team are immediately logged in the Incident portal (BIRDIE) and have utter follow up until the incidence is signed off and cleared from Audit end.

-  Should ensure all the Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation are signed off by the team SMEs without any delay. Should be able to follow up any further queries raised by stakeholders.

Technical & Behavioral Competencies

·        Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

·        Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

·        Proficient in Microsoft Office Applications required.

·        Extensive experience of working within Derivative operations.

·        Thorough understanding of all Derivative product classes.

·        Ability to take decisions in all circumstances and lead by example.

·        The Proficiency in communication should witness in terms of independent working/ understanding details and decision making/ Easy to convey / No compromise in professionalism.

Specific Qualifications (if required)

Skills Referential                                                           

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Personal Impact / Ability to influence

Critical thinking

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to inspire others & generate people's commitment

Ability to set up relevant performance indicators

Ability to develop and adapt a process 

Ability to manage / facilitate a meeting, seminar, committee, training…

Ability to develop others & improve their skills

Education Level: 

 Master Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)