Portfolio Reconciliation Analyst

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

The Collateral Management Group compares the Net Present Value of the portfolio of trades between BNP Paribas and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralized.

Portfolio Reconciliation is a risk mitigation technique whereby counterparty’s exchange trade details and a reconciliation of key economic terms, including valuation is performed. 

The evolving Regulatory landscape will require further reconciliations as part of dispute prevention associated with Bi-lateral Initial Margin exchange based on risk sensitivity calculations.

Job Title:





Collateral Management


Mumbai (Infinity IT Park)

Business Line / Function:

Global Market Operations

Reports to:


Team Lead


(if applicable)



Number of Direct Reports:


Directorship / Registration:


Position Purpose

BNPP performs portfolio reconciliation as a risk mitigation technique for dispute resolution and to be in line with regulatory requirements of EMIR.

Process requires working with clients, Middle Office, P&L and risk team along with key stakeholders across the bank to report / resolve issues.


Direct Responsibilities

  • Perform trade level reconciliation between BNPP and client portfolio as per EMIR Regulations.
  • Investigating and resolving unmatched, entity mismatch and ageing trade breaks that contribute to disputes.
  • Investigating and resolving trades breaking due to MTM discrepancy.
  • Creating Dispute Notes and working with Margin Call team on trades breaking due to MTM discrepancy.
  • Performing high level analysis on Booking / cash flows / FX / discounting / validation of Bid-offer prior to reaching out to Front Office / Valuations teams for further analysis.
  • Responsible for creating KPI and dashboard for daily, monthly reporting.
  • Resolving adhoc discrepancies and issues raised by clients via email.
  • Mapping new clients on TriOptima on the basis of information provided by on boarding team.
  • Ensuring that all clients update/provide their portfolios for reconciliation in the time frame mentioned by EMIR.

Contributing Responsibilities

  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
  •  Working on enhancements/automations that leads to efficiency gains in the process.
  • Adherence to regulatory requirement listed by EMIR in terms reconciliation terms and frequency.

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 derivative products (Credit, Interest Rate, FX , Equities)
  • Strong knowledge of Trade Life Cycle.
  • Experience in Portfolio Reconciliation Operations, Collateral Management Operations or another Middle Office Operation functions within Investment Banking is favorable.
  • Understanding of EMIR Requirements with regards to Portfolio Reconciliation.
  • Experience of Tri-Optima platform favorable.
  • Basic Excel skills required.

Specific Qualifications (if required)


Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to share / pass on knowledge

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Choose an item.

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

1 year

Other/Specific Qualifications (if required)


Primary Location
Job Type
Standard / Permanent
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level

Discover the different professions within BNP Paribas: Operations Management

Those who work in Operations Management roles are essential to the smooth-running of our Group, and work consistently to satisfaction to our clients and teams. These roles offer stimulating careers that combine efficiency with a strong collaborative spirit.

Find out more

Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?


  • What if we told you that working in our Group may not be quite what you think? BNP Paribas business lines and careers are constantly evolving to meet the expectations of our clients and society as a whole.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

Find out more