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
Date:
2023
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE Product Control
Reports to:
(Direct)
Head of the Team
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Mission Statement of ALM Treasury:
- Manage the Group’s liquidity position, both in business as usual conditions and in crisis situations
- Manage the interest rate risks in the banking book
- Manage operational and structural foreign exchange risk
ENVIRONMENT AND MISSIONS OF THE ALM TRADE SUPPORT MIDDLE OFFICER
- The ALM trade support team is in charge of providing support to ALM - Medium & Long Term Funding, Personal Finance France and Resource & Portfolio Management
The ALM trade support team is in charge of providing support to:
ALM - Medium & Long Term Funding
- Mission: Raising BNP Paribas medium & long term wholesale funding to achieve liquidity and regulatory objectives
Personal Finance France
- Mission: Management of liquidity risk and interest rate risk
Resource & Portfolio Management
- Mission: provides de-risking and capital management advisory solutions
The ALM trade support team has 3 core functions:
- Management and operational monitoring of transactions initiated by FO
- Controls and reporting
- Process re-engineering / Project office
Responsibilities
1 – Trade Capture Monitoring and Trade Lifecycle Management:
# The ALM Middle-Officer manages the trade processing and the Amend/Cancel
- Ensure proper representation and integration in a timely manner of transactions in the booking systems (Sekoian-Kondor+, FXO, Calypso and Murex)
- Validate the trades in the booking systems (Murex, Calypso)
- Book events related to the trade life cycle in Sekoian and Kondor upon prior request from FO: fixing, amend & cancel, buy back, calls, credit events…
- And ensure events/trades have been properly interfaced to FXO, Murex, Calypso Back Office and accounting systems
- Ensure that documentation is regularly reviewed, updated and is in line with the rules defined in the Group Guidelines.
2 –Controls & Reporting:
# Perform standardized and specific controls as per control plan and upon agreed schedule
# Provide standardized and specific reports as per requirement and upon agreed schedule
- Perform trade support controls (booking controls, regulatory controls…)
- Carry out discrepancy analysis or investigate any breaks raised by other teams: Position Control Analysis (PCA), Intra-group reconciliations, Accounting Control Investigations, PnL, Finance…
- Contribute to dashboards, produce Key Performance Indicators for FO and management
- Produce regular reporting for FO (activity reports)
- Answer specific ad-hoc reporting requests
- Certifies that controls have been duly performed via ORUS certification
- Escalate to the management and /or permanent control areas where operational risks have been identified, any fraud or breaches detected in the procedures or breaches to existing controls, and propose corrective actions and relevant remediation plans
3 –Share Expertise
# Deliver operational expertise to support various initiatives
- Contribute to transversal projects coordinated by Projects teams: DRIVE, P&C, IT, ALMT Business Management…
- Participate in the validation of Business Specifications, procedures, TAC /NAC and UAT
- Attend projects committees, help to define needs, analyse proposals, identify blocking points and assist the team during every stage of the project from implementation to after care.
- Provide guidance on booking and share expertise on booking solutions
- Offer consulting on new booking schemes taking into consideration all impacts
- Process reengineering: improve & reduce manual processes
Technical & Behavioral Competencies
TECHNICAL SKILLS
- Strong knowledge of the FO to BO operational workflow (full trade life cycle chain)
- Good knowledge in financial products
BEHAVIOURAL
- Excellent communication skills,
- Results-oriented & client focus
- Strongly committed
- Good team player, Collaborative mind-set
- High capacity to take initiatives
- Analytical and synthetic skills
- Strong analytical/problem solving mind-set
Specific Qualifications (if required)
NA
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Critical thinking
Creativity & Innovation / Problem solving
Resilience
Transversal Skills:
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
NA
