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Senior Associate

Apply REF: MO 000707

Job Description – APAC

Job Title:

Senior Associate  




Mo- Sydney Derivatives



Business Line / Function:


Reports to:


Chintan Shah Mahendra


(if applicable)


Number of Direct Reports:


Directorship / Registration:


Position Purpose

To efficiently measure and manage the reconciliation process within BNP ( MO-Sydney Derivatives ) . The goal is to match all comparable positions and identify breaks on a daily basis so that they can be categorized and corrected, either with a request to the Client /Investment Manager/Broker, or in the internal system


Direct Responsibilities


-  Ensure all derivative activities are produced accurately and in a timely manner.

-  Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.

-  Ensure high level of communication network is established will all the departments within the Business


-  Defining the Key Performance Indicators for the process and achieving the same on a regular basis.

-  Collating the data and providing MIS to Supervisor in a timely manner.


Cash Management

-  ETD margin management and processing.

-  Cash Collateral management and processing.

-  OTC Coupon processing.

-  Processing of accounting entries.

-  Contacting custodians on cash settlement on a daily basis.

Trade Processing

  • Processing Derivative trades in internal systems.
  • Providing trade notifications to third parties such as fund trustees.
  • Resolving trade-related exceptions.


Reconciliation and Investigation

-  Reconciling ETD and OTC positions and cash to clearing brokers.

-  Reconciling CFD positions and cash to  brokers.

-  Reconciling OTC Cash Collateral to Brokers

-  Investigating and resolving custodian cash exceptions for all 3 product classes.

-  Escalating exceptions to appropriate processing team for resolution.

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


Technical & Behavioral Competencies


-  Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills 

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

-  Supervise, Monitor, Control and Co-ordinate all activities in the department.

-  Lead and motivate the employees in the department

-  Identify and develop succession plan.

-  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.

Specific Qualifications (if required)

-  Knowledge on OTC and ETD products 

o    OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options.

o    ETD – Futures and options on all major exchanges globally.

o    CFD


Skills Referential    

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to deliver / Results driven

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Ability to develop and adapt a process

Education Level:

Master Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)

¡ Candidates should be willing and flexible to work in any shifts

Primary Location: IN-TN-ChennaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 1 yearSchedule: Full-time Behavioural competency: ProactivityTransversal competency: Ability to develop and adapt a process