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:
2025
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
Equity Derivatives Trade Validation – VP is accountable for the delivery of the EQD 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
Perimeter mandate:
· Booking validation of EQD trades at inception and during their lifecycle.
· Amendments responsibility as per the Amend & Cancel policy
· Implementation of transversal controls complying with new Regulatory constraints
· Implementation of transversal controls on booking for derivatives and process improvements
· Definition and implementation of remediation plan following potential incidents
· Contribution and implementation of transformation projects
· Build strong association with Desk Head, Client Representatives, Sales.
· Liaison with Associated teams within the Service Control utility to help resolve trade related Fobo breaks.
· Liaison with Global Operations lead to drive product strategy, work with Front to back teams to eliminate manual work and increase STP
·
Controls & Oversight
· Design and align process and organization so it is globally consistent
· Ensure procedures are updated regularly
· Ensure proper segregation of duties and level of controls across Trade Validation teams
· Monitor global production of EQD Trade Validation activity
· Help to define and implement improved weekly KPIs and KRIS which are globally consistent for the EQD Perimeter showing volume, capacity, STP rate, breakdown by top client including Primary, secondary, associated life cycle events and any reconciliations with defined thresholds.
· Provide weekly commentary and analysis on KPIs and KRIs vs Thresholds.
· Ensure OPC / Risk-ORC reporting is effected thoughtfully and comprehensively
· Follow up on any audit finding and implement corrective action as necessary
· Ensure the Control framework is properly implemented for Trade Validation Derivatives activities, promoting awareness and following implementation and sign-off of RCSAs and controls reviews by the team managers
· Being escalation point of contact toward the business
· Responsible of the global level of service delivered
· Build a strong control framework and ensuring strict adherence to controls
· Build SME Framework within the teams & minimum 3x3 model for all activities
· Effective escalation management and Control mindset
· Work with support teams : BCM team to devise resiliency strategy , Risk team to test the controls and build a strong control framework
Technical & Behavioral Competencies
· Knowledge in OTC EQD Derivative Products
· Deep knowledge of Middle Office Support functions
· 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
