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 specialized 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, corporate 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, color, 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:
The BP2S’ 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.
Note to Hiring Manager:
In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.
Job Title:
Assistant Manager
Date:
Mar/20/2025
Department:
MFS - OTC
Location:
Chennai, CP2
Business Line / Function:
MFS OTC DERIVATIVES PARIS (TMS)
Reports to:
(Direct)
Grade:
(if applicable)
Assistant Manager
(Functional)
Manager
Number of Direct Reports:
-
Directorship / Registration:
Position Purpose
To manage, monitor and control Derivatives TM processing & facilitate smooth functioning of Operations Objectives of BNP.
Responsibilities
Direct Responsibilities
- Lead a team that will be responsible for Security Setup, Trade booking, Cash settlement and resolving the reconciliation breaks.
- Ensure smooth day-to-day operations are managed with 100% accuracy
- Ensure/contribute for Green KPI’s & KMP’s
- Facilitate teams to critically review current processes for effectiveness, quality and simplification
- Develop and implement process solutions to improve operational efficiency
- Identify risks and issues in business processes and systems.
- Develop in-depth knowledge of the organization’s business lines and products.
- Assist in promoting the implementation of best practices.
- Recommend innovative business and technical solutions to improve operational effectiveness.
- Ensure effective communication to all the parties involved
- Coordinate with cross-functional team to develop process requirements.
- Inspire and motivate people to work towards the goals of the company.
- Ensure the process of change is smooth and uneventful for the company
Contributing Responsibilities
- Escalating exceptions to appropriate processing team for resolution.
- Reporting of exceptions in line with internal control and external client requirements.
- Contributing to the team success. If needed by processing the activities as well.
- Contribute to the Operations Permanent Control framework
- Monitor turnaround times, and operational efficiency. Resolve Internal, external stakeholder queries.
- Support MO to address ultimate client needs and resolve client complaints if any.
- Supervise preparation and submission of MIS and
- Reports to management as required and disseminate information to the Team.
Technical & Behavioral Competencies
· Thorough understanding of all Derivative product classes
· Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
· Good verbal and written communication.
· Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines
· Familiarity with Computer applications, MS Office, Business Objects etc
· Familiarity with Back Office Operations, Processes and systems.
· Knowledge on various regulations connected with Banking Operations.
· Operational Risk awareness
· Knowledge on Banking Law & Practice
· Product Knowledge on Cash Management
· Communications Skills Networking, Interpersonal & Team Building Skills
· Taking Initiative and Risk Management Skills
· Client Focus and Decision-Making Skills
MANAGERIAL COMPETENCIES REQUIRED
· 1. Ability to support the teams
· 2. Crisis Management.
· 3. Maintaining cordial relationship among the teams
· 4. Delegating and Developing Others
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Decision Making
Communication skills - oral & written
Creativity & Innovation / Problem solving
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to manage a project
Ability to inspire others & generate people's commitment
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Ability to anticipate business / strategic evolution
Education Level:
Master Degree or equivalent
Experience Level
At least 7 years
Other/Specific Qualifications (if required)
Product Knowledge
OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return),
Swaptions, Options & CFD
