About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
About Business line/Function:
Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals - P&L and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community.
Job Title:
Vice President
Date:
2024
Department:
COCE Product Control
Location:
Mumbai
Business Line / Function:
COCE Product Control
Reports to:
(Direct)
Head of Team
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
TBD
Directorship / Registration:
NA
Position Purpose
The role of the Credit Derivatives Trade Validation – Associate is accountable for the delivery of the Credit Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. They will also ensure that the transaction is correctly feeding FO to BO booking systems •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
Accountable for:
- The management of trades in Focus trade blotter, ensuring trades are picked up and allocated and validating amends performed with the guidance of more Senior colleagues
- Booking of flow credit trades and structured credit trades, ensuring alignment of trade termsheet
- Managing the flow of new trades and amendments from Front Office systems to Back Office system
- Running all reconciliations, investigating any breaks identified and solving simple to intermediate breaks referring complex breaks to senior colleagues.
- Solving queries relating to booking discrepancie
- Coordinate activities with internal clients and external clients to ensure the smooth delivery of operations processes and service levels in accordance with the established procedures and guidelines
- Assist in the training of new and junior members of the team
- Ensure accurate and timely processing of rebooking initiatives and migrations.
- Provide cover for other members of the Trade Support team when necessary, ability to flex between teams depending on daily volume and demand.
- Support the implementation of new system functionalities and raise IT requirements for bug fixing or system enhancements when possible
- Participate in Transversal projects
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:
i. Emails from Back offices, Middle offices and IT are investigated.
ii. Emails from Credit Risk control are investigated.
iii. Abnormal Trading are investigated and accounted.
iv. Ensuring trades are booked timely and accurately on trade date.
v. Account for missing booking and escalate when necessary vi. Checking of daily reports
Contributing Responsibilities
•Contribute to the Permanent Control framework.
•Main contributor for team project.
Technical & Behavioral Competencies
· Knowledge in OTC Credit Derivative Products
· Deep knowledge of Middle Office Support functions
· Understanding the economical requirements linked to the cessation of the Libor
· Murex knowledge preferred
· Able to work under pressure
· Possess great team spirit but yet can work independently, and is able to train her/his teammates
· Confident and possess good communication and interpersonal skills
· Project management skills
Specific Qualifications (if required)
NA
Skills Referential
Behavioural Skills:
Decision Making
Attention to detail / rigor
Organizational skills
Ability to collaborate / Teamwork
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Ability to develop and adapt a process
Ability to develop and leverage networks
Ability to manage a project
Education Level:
Master Degree or equivalent
Experience Level
At least 15 years
Other/Specific Qualifications (if required)
NA
