Job Description
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
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 Business line/Function:
Global
Market Operations (GMO) covers Front Office activities such as ALM/Treasury
and Fixed Income local booking. GMO consists of various streams, Control and
Investigations, Settlement, Collateral and Reconciliation. GMO teams are also
in regular contact with Capital Market Middle Office, Regional Back Office’s
and Regional Finance.
Job Title:
Assistant Manager
Date:
2024
Department:
DEC- Clearing
Location:
Bengaluru
Business Line
/ Function:
Derivatives Execution &
Clearing Operations
US NAR
Reports to:
(Direct)
Manager
Grade:
(if applicable)
NA
(Functional)
Number of
Direct Reports:
NA
Directorship /
Registration:
NA
Position Purpose
The candidate
would be Part of Derivative Execution and clearing team, working along with
the DEC Market Fees Reconciliation and Brokerage team.The role would
concentrate To clear and allocate exchange traded derivatives trade on behalf
of the client. Ensure all top day trades are cleared and reconciled against
cleaning house by the end of day.
The role
requires a high level of attention to detail, to ensure BNPP SA’s external
end client fees are validated and any required corrections or amendments are
processed accurately and according to procedure. The candidate would be
working with large volumes of trade data so should be comfortable using Excel
to summarize, as well as to drill down and independently investigate any
discrepancies that may arise.
Work effectively with team members to accomplish common goals.
Generate creative solutions to problems, Ability to plan work ahead and to
prioritize workload in an organized manner.
Undertake a variety of financial and non-financial tasks in order to
help guarantee the company’s revenues; handle the processing of incoming
payments along with the issuing of necessary paperwork.
Responsibilities
- Client
experience focus directly interacting with the listed derivative global
client base to manage their margin, cash, and collateral settlements and
inquiries
- Direct
communication with CTFC regulators, compliance teams, auditors, FCM
community, and global business partners
- Extensive
knowledge of the CFTC regulations, NFA, and CCP rulebooks for FCM
clearing operations of settling margin, collateral, and customer
protection regulations
- Managing
the cash wire, securities movements, and related control processes
incorporated into the settlement of client and CCP facing margin
- Account
balancing of various depositories requiring in depth investigation to
resolve related breaks and inquiries
- Key
risk indicator and statistical capture, recording, and analysis of
operational process and staff performance trends
- Lead
and assist large scale projects to implement processes that comply with
necessary changes, growth, and or new regulations and rules
- Provides
training and instructional demonstration to staff, partners, and clients
in regards to the firm’s margin settlement framework, regulatory
requirements and related operational processes
- Demonstrates
a highly competent working knowledge of FCM operations involvement in
the life cycle of execution and clearing activities that result in the
calculation margin requirements
- Ensure
ample familiarity with our escalation procedures and raises issues to
the appropriate contacts in a timely manner to ensure all are aware of
potential risk while taking ownership of the issue and sees through to
resolution
- Reviews
processes and provides feedback for enhancement with additional
responsibility for managing the enhancement for operations and seeing
through to completion
- Collaborates
with Product on projects to improve the client offering and presents the
operations point of view on behalf of her team
·
Minimum Required Qualifications
- Bachelor
degree
- Staff
– experience with Reconcilliation experience & ETD background
- Experience
managing and operational processes
- Knowledge
of FCM operations responsibilities to CCPs and clients
- Extensive
knowledge of CFTC regulations with ability to demonstrate controls
adhering to compliance in a daily production environment
- Understanding
of exchange listed derivatives trading and clearing workflows and
related controls to alleviate regulatory risk
- Microsoft
Excel (Vlookup, Pivot tables, formals, etc.), Outlook and Power Point
Preferred Qualifications:
- Experience
in client and CCP margin settlement calculation and process for listed
derivatives markets
- 6-8
years of experience assisting or
leading projects requiring regular status reporting and meeting strict
deadlines
- 6-8 years of experience in client
services, solutions, or relationship building and management
- Experience
giving live demonstrations
- Project
management experience specific to establishing best practices, process
improvements, and implementation of operational controls
- Experience
interacting with outside parties, clients and various lines of business
seeking solutions for enhancing control environments
- Experience
in global markets trade execution and operational systems
- Microsoft
suite knowledge
Technical & Behavioral Competencies
- Strong Communication
skills required for an effective liaison with counterparties and
internal stakeholders to the reconciliation process. (Middle offices,
marketers, traders, credit, compliance and legal)
- Knowledge of Exchange
Traded derivative products /ETD Clearing.
- Experience
of the commodity exchanges’ and CCPs’ platforms - preferable though not
required
- Flexibility to
accommodate business requirements and working hours.
- Ability
to use Excel at an intermediate level - essential
- Excellent
numerical and analytical skills - essential
- Ability to analyse large
volumes of data
- High attention to detail
and quality focused
- Be
comfortable with escalation and managing issues as they arise
- Forward
thinking and proactive with the ability to question process
- Ability to work under
pressure
- Team Player
Specific Qualifications (if required)
- Bachelor’s degree from a
college or university
- Strong Communication
skills and client focus oriented
- Fundamental
understanding of clearing /Futures & Options markets.
- Knowledge of all
Microsoft Office applications (Excel, Word, PowerPoint, Access)
Skills
Referential
Behavioural Skills:
Attention to detail / rigor
Organizational skills
Personal Impact / Ability to
influence
Critical thinking
Transversal
Skills:
Ability to understand, explain and
support change
Analytical Ability
Ability to develop and leverage
networks
Ability to understand, explain and
support change
Choose an item.
Education
Level:
Bachelor
Degree or equivalent
Experience
Level
7-8 years
Other/Specific
Qualifications (if required)
NA
