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INR NDOIS Trader

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Last update 11.06.2024

About BNP PARIBAS

As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance. 
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
BNP Paribas MixCity which fosters better representation of women at all levels of the organization
Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information 
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

Key Responsibilities

TRADING:
• Buy and sell a defined range of instruments (as per desk mandate for our clients and take positions on behalf of the Bank within defined limits to facilitate client business, specifically for INR rates market.
• Provide market liquidity through market making in a defined range of instruments (as per desk mandate and limits; put in place hedging if appropriate.
• Monitor market news and events and evaluate the risk and opportunities for positions and strategy
• Closely follow-up the counterparty risk and any potential excess of credit line all market risks and any limit excess.

BOOKING:

• Ensure all pre-trade requirements are conducted. (credit lines check in particular
• Ensure that all transactions are timely and accurately booked in appropriate trade capture systems.
• Ensure that all transactions are timely sent to middle office and/or back office.

INDEX CONTRIBUTION:

• Submitters and Reviewers as well as their respective back-ups of the contributions are expected to comply strictly with the
• Group policy regarding their professional standards, as well as their duty to support the market integrity (Group Code of Conduct principals). They are to comply with all local requirements prescribed by the Authority on such contributions.
• Any attempts to manipulate submissions are subject to the disciplinary procedures, sanctions according the Group policies

PNL:

• Contribute to the daily P&L at the close of the day and facilitate its confirmation by Middle-Office.
• Prepare a P&L explain each day and escalate any unexplained elements to desk head for sign off.
• Provide management with accurate information to analyze the P&L structure
• Monitor the level of broker fees ensure their relevance vis a vis the current market practice and desk activity
• Work closely with the procurement group and Middle Office to minimize broker and custodian fees

Competencies (Technical / Behavioral)


• Previous INR rates market trading experience required.
• Proven ability to generate positive P&L
• Client focus: Complete commitment to provide professional, intelligent and timely responses to our clients' needs and to changes in the market
• Good communication skills. Ability to convey thoughts clearly and succinctly and to communicate pertinent complex information in a clear and organized manner
Specific Qualifications Required

• An experience in global markets/financial markets and specifically trading INR rates market.
• Bachelors or Master's degree in business, economics or other quantitative major
• Solid quantitative and analytical skills, the ability to think quickly and make sound decisions in high stress situations, as well as a passion for financial markets and a fast-paced environment are must haves.

Discover the different professions within BNP Paribas: Financing and Investment

Working in a financing and investment role at BNP Paribas involves supporting our corporate clients - from start-ups to the largest corporates - and institutions to develop their business strategies and to support their investment and project funding within local markets as well as internationally.

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Why should I apply?

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

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • 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.

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