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 Businessline/Function :
Product Control is part of COCE (Client Operating Centre
of Excellence), performing multiple Middle Office functions. Product Control
have 6 verticals - P&L and Valuation Controls, OTC Trade Validation,
Securities Trade Validation & Documentation, OTC Documentation, Trading
& Portfolio Control and Position Management. Team works very closely with
Trading, Sales, Business Managers and various FtB teams like Back Office,
Regional Finance and COO community
Job Title:
Associate Level 1/Senior Associate - Trade Support
Date:
2024
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE
Product Control - SLAB - Trade Support & CS
Reports to:
(Direct)
Head of Team
Grade:
(if applicable)
NA
(Functional)
NA
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
The Trade Support team looks after the SBL Middle Office Operations.
The resource will need to work in partnership with our clients, sales
and trading to ensure that trades are allocated, confirmed, and processed in
a timely manner. Provide support to our front office equities trading desks
and also act as a point of contact for internal front/back-office enquiries.
Responsibilities
Direct Responsibilities
· Help Stock loan and Finance desk for trade support activities like
trade rebooking, Recall and returns. Manual call-in of return as per the
agreed procedure, Monitor, investigate and resolve contract compare breaks in
order to resolve margin disputes in timely manner, prioritize and escalate
accordingly.
· Responding to client queries & Front office queries.
· Liaison with trading desk and related stakeholders to escalate any
trade or booking issues.
· Build and maintain strong relationship with our front office, Back
office and operations areas.
· Ability to apply problem solving and investigative techniques to trade
booking / flow issues..
· Help with project and CTB development where required.
· Build and maintain strong relationship with our front office, Back
office and operations areas.
· Sound knowledge of Stock lending and other derivative instruments would
be preferable. ·
· Relationship management – daily engagement with key internal and external
partners (financial institutions & business partners across the world),
managing Clients’ expectations.
· Control Environment – focus on control aspect of the role, KRIs/Key
Performance Indicators and a full understanding of operational risks.
· Change Delivery.
· Help with project and CTB development where required.
Contributing Responsibilities
•Direct relationships with the front office / back office colleagues.
•Build and maintain strong relationships with stakeholders across the
globe in Front, Back and Middle Office
•Strong working and open relationship with local management
Technical & Behavioral Competencies
· At least 7-10 years in an operational support position.
· IB Equity Operations experience preferred, essentially in Trade Support
functions
· Competency with MS Suite, especially Excel, and the ability to learn
multiple programs quickly
· Knowledge of and an interest in the financial markets (derivative
product knowledge especially swaps/ FX/ F&O )
· Ability to work under pressure, handle multiple priorities and work as
part of a team as well as individually
· Comfortable working across various groups including Sales, Trading, Accounting, Technology &
other MO Teams
· Prior middle office or operational experience is a must
· Strong control focus and aptitude (both financial and operational).
Specific Qualifications (if required)
NA
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Decision Making
Critical thinking
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5
skills)
Analytical Ability
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to anticipate business / strategic evolution
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
NA
