Job Description
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 :
Global Market Operations also known as COCE (Client Operating Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.
Job Title:
Senior Associate / Assistant Manager
Date:
2023
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE Product Control
Reports to:
(Direct)
Lead
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Trade Support is in charge of the proper representation of trades within booking systems at any time of their lifecycle
- Controls and/or processes trade capture in FO/MO/BO systems
- Monitors and processes trade events
- Investigates on trade feeds, confirmations and payments in case of requests raised by other Operation teams
Responsibilities
TRADE SUPPORT MAIN FUNCTIONS :
- Ensure that trades booking are in line with external source (termsheets from Front office) and rectify discrepancies on the same day
- Ensure that deals are properly interfaced from Front Office to Middle Office & Investigate if any issues
- Post amendments, market events and cancellations
- Resolve queries from different operations and other stakeholders
- Assist Front Office in ad-hoc rebooking requests and update in Middle Office systems.
MAIN CONTROL
- Comply with internal and external regulatory and compliance requirements
- Ensure all controls are in place and reconciliations front-to-back are investigated and reconciled:
- Emails from Back offices, Middle offices and IT are investigated
- Emails from Credit Risk control are investigated
- Abnormal Trading are investigated and accounted
- Ensuring trades are booked timely and accurately on trade date
- Account for missing booking and escalate when necessary
- Checking of daily reports
Contributing Responsibilities
- Contribute to the Permanent Control framework.
Technical & Behavioral Competencies
- Strong Rates products & Business knowledge
- Familiar with Middle Office Support functions
- Responsible, meticulous, self-motivated, fast learner, positive attitude
- Possess great team spirit
- Confident and possess good communication and interpersonal skills
Specific Qualifications (if required)
NA
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Adaptability
Ability to deliver / Results driven
Resilience
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and adapt a process
Ability to develop and leverage networks
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
NA
