What is this position about?
- The position is essential in ensuring timely and and accurate processing of settlement and confirmations for Equity / OTC Derivatives transactions of wealth management clients and with counterparties.
What would be your typical day at BNPP Paribas look like?
- Process Equity / OTC Derivatives, including equity/ bond/ index / listed / exotic options and interest rate swap.
- Prepare settlement entries and payment messages.
- Support life cycle events of Equity / OTC derivatives.
- Prepare client confirmations and advices.
- Handle counterparty confirmations.
Primary Role Responsibilities
- Perform trade input in Olympic system for non-interfaced trades.
- Match, sort and verify trade confirmations against trader's daily reports/blotters.
- Monitor and process periodic fixing events, including settlements arising from options exercised/knock out and periodic interest payments, including creation of SWIFT payment.
- Investigate and follow-up nostro and securities reconciliation breaks.
- Monitor ‘short sell’ securities position and ensure prompt follow up and update of daily control reports for failed and late trades / non receipt of confirmations.
- Ensure management approval is obtained for waivers and update waiver file.
- Folow-up with trader, counterparty and front office for any trade discrepancies.
- Update and maintain internal master records for newly incepted trade, periodic exercise, knocked-out, expiry, track the date of receipt / acknowledgment of counterparty confirmations.
- Perform and participate in User-Acceptance-Test and ad-hoc projects.
- Attend to queries from front office, trader, and counterparty.
- Check Transaction Supplement / long-form confirmations from counterparties, monitor and follow up in event of non-receipt.
- Prepare manual confirmation and advice to clients.
- Monitor daily margins for Listed Options, ensure sufficient funds at custodian.
Other contributions
- Direct contribution to BNPP operational permanent control framework.
- To keep operational errors to a minimum by adhering strictly to internal procedures and observing applicable banking and regulatory requirements.
- To be well versed in the department’s and one’s role in the bank disaster recovery / BCP strategy and actively participate in BCP tests to ensure operational readiness.
What is required for you to succeed?
- Operations knowledge in processing derivatives
- Attention to details and analytical
- Adaptable to changes
- Strong interpersonal and communication skills
- Candidate with this skill or experience is preferred: Intermediate level of competency in scripting Excel VBA Macros and formula with Excel data tools to simplify and automate tasks.
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
