Job Description – APAC
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:
Associate Level 1
Date:
15/01/2025
Department:
Middle Office
Location:
Chennai, CP2
Business Line / Function:
FTCA, Derivatives reporting & reconciliation (d2r)
Reports to:
(Direct)
Grade:
(if applicable)
Associate level I
(Functional)
Assistant Manager
Number of Direct Reports:
NA
Directorship / Registration:
Position Purpose
Replacement FTE – Associate Level 1 for performing OTC Derivatives Reporting and Reconciliation services. Associate Level 1 will be responsible for performing daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations, and performing bilateral reconciliation with the brokers for OTC positions in Tri Resolve. 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 Assistant Manager in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Candidate with good functional understanding of the OTC derivative business along with basic knowledge on OTC products & regulatory requirements is required.
Responsibilities
Direct Responsibilities
Portfolio Reconciliation
- Reconcile valuation and material trade terms trade data with counterparties in compliance with the compliance set forth by EMIR/ASIC/MAS regulation.
- Research and identify the cause of the breaks.
- Work with appropriate party to amend the breaks.
- Evidence the cause of the breaks and its resolution.
- Monitor dispute investigation and escalations.
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.
Technical & Behavioral Competencies
· Thorough understanding of all Capital & Derivatives market, financial instruments, Investment banking process and above average accounting skills.
· Good verbal and written communication.
· Strong analytical skills, detail orientation, service commitment, 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 and strong MS Excel skills required.
· Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Communication skills - oral & written
Ability to deliver / Results driven
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
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 1 year
Other/Specific Qualifications (if required)
