Department: Asset Management – Operations
About Business line/Function: Asset Management – Trade Support
Position Purpose:
BNP Paribas Asset Management is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards its clients. These funds & mandates are managed by Portfolio Managers, who are based in different locations across the globe.
The mission of AMO is to organize and perform, as a global service provider, the operations activities for portfolio management and the associated reporting in a regulatory compliant, risk controlled, qualitative and efficient way.
The role of the different Transaction Processing teams (Trade Support, Collateral & Derivatives Support and Security Financing Operations) within AMOis essential to ensure that all transactions are correctly reflected in the position keeping tools, meaning they should be accurate and in line with service providers and client expectations.
The Trade Support team is part of the Transaction processing team which is responsible for delivering excellent support to the Investment teams , along with a range of additional support services.[SJ1] The Trade Support function specifically provides support and expertise for the outsourced trade support process, ensuring accurate position keeping, coordinating internally with various stakeholders and investigating discrepancies.
Trade support activities in the scope of this team include :
• OTC Trade Support;
• Listed Trade Support;
• UCITS Trade support;
• Middle Office Services, Derivatives Clearing
Direct Responsibilities
The OTC Trade Support activity covers the following tasks:
¡ Ensure all OTC trades are accurately captured, booked and transmitted to the outsourced service providers.
¡ Oversight of OTC electronic confirmations
¡ OTC lifecycle related tasks for internal and delegated portfolios
¡ Timely follow-up with outstanding trades in line with EMIR regulation (European Market Infrastructure Regulation)
¡ Investigate and resolve breaks related to the OTC scope
¡ Oversight of the timeliness and correctness of the KPIs (Key Performance Indicators) & dashboard
¡ Working closely with BNPP Securities Services (BP2S) / Clearing House for trade support services, ensuring the service received meets the required standards.
¡ Work with Dealing Services and Investments to ensure high quality service and to reduce risk and improve the quality of trade data received.
¡ Act as point of escalation for the trading desk, portfolio managers and internal teams for OTC trade support related topics
¡ Timely escalation of OTC trade support related issues to all relevant parties (front office, legal, risk, BP2S etc) ensuring timely follow-up and resolution.
¡ Assistance in OTC trade support related projects, exception management and ad hoc tasks.
The Listed and UCITS Trade Support activity covers the following tasks:
¡ Ensure all Listed and UCITS (Undertakings for the Collective Investment in Transferable Securities) trades are accurately captured, booked and transmitted to the outsourced service providers.
¡ Amend and book corrections on trades, follow up and payment for CFDs (Contract For Differences), follow up and process NDFs (Non-Deliverable Forwards) fixing
¡ Investigate and resolve breaks related to Listed and UCITS scope
¡ Providing specialist support to the trading desk and portfolio managers, i.e. pre & post trade support (trade settlements)
¡ Monitoring and oversight of the Fund of Fund (UCITs) trading process.
¡ GUA agreements (Give Up Agreements) and onboarding processes
¡ Working closely with BNPP Securities Services (BP2S) / Clearers for trade support services, ensuring the service received meets the required standards.
¡ Work with Dealing Services / GTF and Investments to ensure high quality service and to reduce risk and improve the quality of trade data received.
¡ Act as point of escalation for portfolio managers for trade support related topics
¡ Timely escalation of trade support related issues to all relevant parties (front office, legal, risk, BP2S etc.) ensuring timely follow-up and resolution.
¡ Assistance in trade support related projects, exception management and ad hoc tasks.
¡ Manage the claims received from counterparties, challenging the investigation already done and following them through payment and resolution
Technical & Behavioral Competencies
¡ Problem solving skills
¡ Attention to detail and data integrity.
¡ Strong understanding of OTC products
¡ Good communication skills and strong client focus
Specific Qualifications:
¡ Graduation / Post Graduation from the recognized University
¡ Candidates should be willing and flexible to work in any shifts
Skills Referential (Required knowledge, skills and abilities):
Technical Skills:
¡ Exposure to basic Microsoft tools like Excel, PowerPoint, Word, Outlook.
¡ Familiarity with matching & settlement platforms and clearing systems
¡ Knowledge of Investment Banking and its Trade Life Cycle
¡ Knowledge of financial products
Behavioral Skills:
¡ Active Listening
¡ Adaptability
¡ Ability to share/pass on knowledge
¡ Attention to detail
Education Level: Graduation / Post Graduation from the recognized University
Location: Chennai
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 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.
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.
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, 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. 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.
