Job Title:
Assistant Vice President
Date:
Department:
COCE Trade Processing and Support
Location:
Bengaluru
Business Line / Function:
US Clearing & TS
Reports to:
(Direct)
Vice President
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
About Business line/Function:
Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.
Position Purpose
The candidate would be Part of Derivative Execution and clearing team, working along with the DEC US Clearing Team. The role would concentrate to clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.
The role requires a high level of attention to detail, to ensure BNPP SA’s external end client fees are validated, and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.
Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.
Responsibilities
Direct Responsibilities
• Oversee daily clearing, settlement processes for assigned product lines.
• Ensure that all trades are booked, validated and matched against counterparties/clearing houses within agreed SLA's
• Monitor and resolve failed trades, exceptions and settlement breaks, drive root‑cause analysis and remediation.
• Maintain oversight of clearing‑related credit, liquidity and operational risk metrics.
• Lead periodic control testing, audit responses and issue remediation plans.
• Act as the escalation point for client queries on clearing.
• Liaise with front‑office sales/traders, product control, custody, and treasury to deliver seamless end‑to‑end service.
• Provide timely reporting and post‑trade analytics to internal and external stakeholders.
• Supervise a team allocate workload, set objectives and conduct performance reviews.
• Foster a culture of continuous improvement, knowledge sharing and professional development.
• Identify opportunities for workflow optimisation, straight‑through processing (STP) and automation
• Stay current on market practice, clearing house rulebooks and regulatory updates; assess impact on internal procedures.
Contributing Responsibilities
Results and Impact
Impacts division and influences peers and team
Demonstrates good judgement when making decisions of high complexity and impact
Relies on limited guidance for most complex decision making
Is responsible for driving outcomes which have meaningful effect on team or department
Leadership and Collaboration
Creates trust with department leaders
Acts in leadership capacity for large projects, processes, or programs for a team
Client, Customer and Stakeholder Focus
Able to build relationships with a mix of intermediate and senior colleagues or clients
Interacts regularly with management and department leaders
Demonstrates the ability to persuade and influence stakeholders at the team level
Compliance Culture and Conduct
Technical & Behavioral Competencies
Minimum Required Qualifications
Bachelor degree
Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
Experience in wiring funds via SWIFT messaging
Experience interacting with clients and various lines of business
Experience reconciling separate data points and sources
Microsoft Excel (Vlookup, Pivot tables, formulas, etc.)
Preferred Qualifications:
· Some technical specifications knowledge across multiple systems and web interfaces
· Microsoft Excel macro knowledge
· Understanding of collateral transfers
· Knowledge of CCP margin calculations
· Knowledge of CFTC regulations
FINRA Registrations Required: Required
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Decision Making
Adaptability
Personal Impact / Ability to influence
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Ability to anticipate business / strategic evolution
Ability to set up relevant performance indicators
Ability to manage a project
Ability to understand, explain and support change
Ability to develop and adapt a process
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 15 years
Other/Specific Qualifications (if required)
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 specialized 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.
