We are looking for

Team Lead - APAC Reconciliation

Apply REF: GLO004323

Job Description – APAC Fixed Income

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 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.

Job Title:

Team Lead



Global market Operations- Product Control


Infinity Tower - Mumbai

Business Line / Function:

Fixed income /Reconciliation

Reports to:


Mohammed Abdul Wajid


(if applicable)


Number of Direct Reports:


Directorship / Registration:


Position – Team Lead


Tasks embedded to fulfill those objectives

  • Monitoring & management of the task assigned in FO to BO trades for Asian flows/deals.
  • Reducing lead time & improve the responsiveness for break analysis & the related actions with BO/Accounting teams
  • Should be single point of contact for task assigned with regards to Operational breaks & any issues within the team.
  • Responsible for front to back deals reconciliations for Asia Pac within Socrates for both Fixed Income and Treasury perimeter, by ensuring that all the discrepancies and unmatched deals are followed up and resolved on a timely basis.
  • Responsible for internal deals reconciliations for Asia Pac within Socrates.
  • Responsible for front to accounting reconciliations for Asia Pac within Socrates.
  • Contribute to process workflows by addressing any systems improvements and/or workflow enhancements surrounding reconciliation functions.
  • Contribute to month end process by highlighting all reconciliation breaks to Singapore MO by submissions of monthly reconciliation status reports.
  • Provide coverage of duties of other staffs.
  • Responsible for minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls Ensuring appropriate escalation to management and/or Permanent Control (or Compliance as appropriate) as soon as an issue is identified
  • Team is in charge of position controls & uses all the reconciliations tools available.
  • The reconciliation is exhaustive & is required to be performed daily.
  • Assigned reports must be validated & analyzed every day.
  • To ensure Investigation into the exceptions in reconciliation done by the teams.
  • Intimate the Fixed Income back office the action that needs to be taken.
  • Raise with the Rectool support, any issues pertaining to the reconciliation tool.
  • Escalate long pending JIRAs wherever required.
  • Reply to queries & escalations raised by the Finance departments of sites.
  • Organize periodic meetings with the various stake-holders.
  • Work closely with the Settlements & Confirmations team to resolve issues
  • Opening on Nostro accounts for the sites and RMA maintenance activities.
  • Assist in validating and controlling that all end of day tasks are performed.
  • Closely monitor and control the Bank’s Nostro (cash) positions and provide squaring figures to the ALM desk.
  • Analysis (audit trail) of the cases once outstanding Nostro items are cleared (responsibilities and actions taken to prevent same errors when it’s possible).
  • Reconciliation between Front Office and Back Office systems and Back Office and accounting Systems.
  • Liaise with Capital Markets Middle Office (CMMO) to resolve outstanding issue & clarify any doubts.
  • Suspense Account Monitoring and Clearing
  • Posting of appropriate accounting if needed to reflect the correct entries for the deal
  • Respond and provide quick resolution to the ALM/Treasury, Finance queries

Reconciliations Improvements

Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.

Making the reconciliation tools evolve to fulfill with production needs --> new systems, new products, and specific request from trade support.

Extending the global area of reconciliations in order to reduce operational risk where applicable.

Implementing/enhancing reconciliation tools to fit with trade support needs.

Transversal involvement

Is in charge of all reconciliation assigned & is indeed involved in the process

Ensure all the STP process in place are performed efficiently & effectively in a timely manner.

Take Initiatives, communicate with BO & other teams on the enhancement & development of new products STP process

Completion of ORUS on Daily basis

Provide professional comments & initiative to ensure relevant & sufficient reconciliation in place

Technical & Behavioral Competencies

Technical Knowledge

  • Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  • Strong Treasury (Rate / Bonds) & Equity derivatives products & operations process knowledge.
  • Strong Preference to have MS skills (VBA, Excel, Access) would be a significant plus.

Skills and competencies

  • Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
  • Organized & good resistance to stress: Excellent time management and good positive resistance to stress are compulsory.
  • Attention to detail: Escalate in timely manner, highlight any abnormalities
  • Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
  • Self-discipline & autonomy: Have a constant “delivery on time” mindset, on the daily production.
  • Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage…) as this is a constant changing environment
  • Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
  • Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management.

Specific Qualifications (if required)

  •  Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  •  Strong Fixed Income products knowledge including the F2B workflows and the product event management.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Creativity & Innovation / Problem solving

Attention to detail / rigor

Client focused

Ability to collaborate / Teamwork

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and leverage networks

Ability to develop and adapt a process

Ability to manage a project

Education Level:

Bachelor Degree or equivalent

Experience Level

Choose an item.    At least 6 years  max limit 9 yrs

Other/Specific Qualifications (if required)

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 7 yearsSchedule: Full-time Reference: GLO004323