The bank for a changing world

We are looking for

Associate Level 1/ Senior Associate - IRD French Drafting

Job type Permanent
Schedule Full time
Job Function Transaction processing
Apply REF: OPE001207

 

 

 

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships”.

 

 

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

 

 

About Business line/Function :

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury, Fixed Income booking, Equity. GMO consists of 3 streams, Control and Investigations, Settlement and Confirmations. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

 

 

 

Job Title:

 Associate  Level1/ Senior Associate

Date:

07th Oct 2019 

Department:

Global Market Operations

Location:

Mumbai

Business Line / Function:

 IRD French Drafting

Reports to:

(Direct)

Grade:

(if applicable)

Diploma in French 

(Functional)

Number of Direct Reports:

N/a 

Directorship / Registration:

NA

 

Position Purpose

The officer will be in charge of confirmation drafting for IRD (English and French) liaising with sales, trading, relationship managers, trade processing team and legal team

Responsibilities

Direct Responsibilities

 

  • Draft and validate IRD ISDA/AFB confirmations (French & English) by referencing booking systems and term sheets for both financial institutions and corporate clients on Trade date
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  • Ensure confirmations are sent or suppressed in accordance with procedure
  •  
  • Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines
  •  
  • Chasing for confirmations of trade economics /existence of deals by email/Phone as per EMIR Guidelines.
  •  
  • Indexing the Signed confirmations received from Counterparts in our internal systems.
  •  
  • Ensure all correspondences are indexed into system to allow for future data retrieval
  •  
  • Matching of Trade Economics between Internal systems, our confirmations and Prime Brokers/Counterparty statements
  •  
  • Resolving the economic discrepancies by liaising with counterparty point of contact, front desk, middle office and trader for evidence such as trade recap, broker confirmation and timely closing of Litigations
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  • Responsible for interpreting confirmation language and engaging Legal and/or Front Office’s advice as necessary
  •  
  • Partner with internal stakeholders such as legal counsels, marketers, back office, structurers to resolve booking errors, clarify trade terms, and other processing issues
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  • Ensure timely resolution of issues
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  • Provide recommendations and suggestions to internal stakeholders to address confirmation related issues, process inefficiencies, etc
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  • Keep up to date with ISDA/AFB and market developments, and liaise with internal stakeholders as necessary 

 

 

Contributing Responsibilities

  • Ensure that day-to-day activities performed comply with internal and external regulatory and compliance requirements
  •  
  • Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
  •  
  • Ensure that documentation controls are done daily, comments detailed clearly, and be responsible for reliability of records
  •  
  • Ensure set KPIs are met
  •  
  • Contribute to the quality of the team by:

·         keeping personal training up to date

·         highlighting processing improvement opportunities

·         assisting in the training of new entrants

Technical & Behavioral Competencies

Competencies

Technical competencies:

  • Fluent in French (Written & Oral)
  • Strong Derivative product knowledge (Interest Rate Derivatives, Inflation Derivatives, Structured Derivatives)
  • Good understanding of trade cycle flow & risk management
  • Strong knowledge of ISDA Definitions and market practices

Behavioral competencies:

  • Analytical mind – be able to evaluate information from multiple sources and determine relevance to confirmations
  • Excellent verbal and written communication and facilitation skills with counterparties and internal stakeholders (middle offices, marketers, traders, credit and legal)
  • Attention to detail
  • Good organizational skills and Team Player – ability to adapt to the varying demands of the team.
  • Proactive, self-disciplined, self-motivated with ability to work effectively under pressure and with little supervision
  • Track record in a client focused environment

Specific Qualifications (if required)

  • Qualifications

  • University Graduate / Post Graduate / MBA with good knowledge of Capital Markets/Investment Banking products.
  • 2-5 years’ experience in Banking Industry.
  • Diploma in French

     

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Proactive

Adaptability

Critical Thinking

Team player

Transversal Skills: (Please select up to 5 skills)

 Ability to understand, explain and explore

Ability to adapt and develop the process

Choose an item.

Choose an item.

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Education Level:

Choose an item.

University Graduate / Post Graduate / MBA with good knowledge of Capital Markets/Investment Banking products

Experience Level

2-5 years’ experience in Banking Industry.

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Choose an item.

Other/Specific Qualifications (if required)

Diploma in French

 

      

 

 


Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Post-secondary non-tertiary education / A levelsExperience Level: At least 2 yearsSchedule: Full-time Behavioural competency: Teamwork, Communication skills, Client focus, Adaptability, Taking initiative, Results-orientedTransversal competency: Knowing a foreign language (specify which language)