We are looking for

Vice President Trade Support – Product Control Mumbai

Job type Permanent
Schedule Full time
Job Function Transaction processing
Brand BNP Paribas
Level of experience 11 to 15 years
Apply REF: GLO005063


 

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 corporate 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 (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:

Vice President

Date:

19th May 2022

Department:

COCE Product Control

Location:

Mumbai/Bengaluru

Business Line / Function:

GMO

Reports to:

(Direct)

Head of the Team

Grade:

(if applicable)

NA

(Functional)

Head of the Team

Number of Direct Reports:

15

Directorship / Registration:

NA

Position Purpose

This position is to lead the Global Markets Product Control organization in India. This role im plies a very strong collaboration & functional alignment with regional and global stakeholders to execute and further deploy and improve the various Target Operating Model strategies for Product control organization
 

Responsibilities

Direct Responsibilities

Product Control covers three broad areas:

  • Documentation/Confirmations: Drafting, Execution, Matching and monitoring of Trade confirmations across multiple asset classes.
  • Trade Support/Middle Office/Transaction monitoring: Support and Control activities in relation to Trade booking,
  • Amendments, Allocations, Trader Mandates, Front-Back Reconciliations and Regulatory reporting.
  • P&L and Valuations: Production of Daily Trader P&L, Attributions, Analysis and Explain across business lines
  • Product control is roughly a 300 member organization with teams working across Mumbai, Bangalore and Chennai and supporting APAC, EMEA and America regions.
  • This role entails a high level of interaction with global product leads, business stakeholders and senior management within IT and Operations and Finance domain.
  •  Ensure the Operating framework for Product Control is efficient; provide quality and timely processing for Global Markets & ALMT Business within a secure environment.
  • Transactions monitoring & validation
  • Production & publication of the Economic P&L of GM & ALMT businesses as well as the respective Explains and reconciliation with the FO predicts.
  • Valuation & contribution consistencies and Trader Mandates controls
  • Ensure that GM & ALMT Ops processes are known, controlled and monitored, to face regulators expectations.
  • Ensure deliverables, procedures are designed according to regulatory requirements and areas of risk escalated to Risk
  • owners and management.
  • Prepare & execute the Product Control budget following specific guidelines, and manage teams effectively in terms of
  • cost and resource.
  • Manage new transitions and movement of functions from other locations into India
  • Drive & develop Product Control Operations staff:- by recruiting them, defining their responsibilities, and setting them individual and collective objectives by assessing their performance regularly in order to make recommendations for compensation by providing them with guidance and support they need to achieve their objectives by creating career development opportunity through job rotation or to facilitate transfer to others departments by identifying training in respect to processes/organisational changes by managing proactively staff career, succession plan and back up

Contributing Responsibilities

  • Stakeholders Relations (not limited to)
  • Internal to ISPL
  • 0. ITO management
  • 1. COCE leadership team
  • 2. Global Market Operation & ALMT department
  • 3. Operations Change management team
  • 4. Operations Permanent Control team
  • 5. Operational Risk Control team
  • 6. Compliance team
  • External to ISPL
  • 0. APAC GM & ALMT Product Control Teams
  • 1. APAC GM & ALMT Front Office (Traders, Sales, Structurers and Business Managers)
  • 2. APAC Market Risk Teams
  • 3. Central & Regional Global Market & ALMT IT management / teams
  • 4. Central & Regional Global Market & ALMT Operations departments
  • 5. Compliance Team
  • 6. IG & Audit teams
  • 7. APAC and Global Finance teams

Technical & Behavioral Competencies

  • Experience in leading large Operations teams for Global Market Products & Processes
  • IT architecture & Operations
  • Continuous Improvement mindset
  • Organization agility & optimization
  • Operational Risk & Control awareness
  • External Customer & Service Focus
  • Global/Regional focus;
  • Experience with cross platform / teams
  • Takes initiative & is results driven
  • Budget planning and management

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Decision Making

Critical thinking

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to manage a project

Analytical Ability

Ability to set up relevant performance indicators

Education Level:

Secondary Education

Experience Level

At least 15 years

Other/Specific Qualifications (if required)

               


 

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 corporate 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 (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:

Vice President

Date:

19th May 2022

Department:

COCE Product Control

Location:

Mumbai/Bengaluru

Business Line / Function:

GMO

Reports to:

(Direct)

Head of the Team

Grade:

(if applicable)

NA

(Functional)

Head of the Team

Number of Direct Reports:

15

Directorship / Registration:

NA

Position Purpose

This position is to lead the Global Markets Product Control organization in India. This role im plies a very strong collaboration & functional alignment with regional and global stakeholders to execute and further deploy and improve the various Target Operating Model strategies for Product control organization
 

Responsibilities

Direct Responsibilities

Product Control covers three broad areas:

  • Documentation/Confirmations: Drafting, Execution, Matching and monitoring of Trade confirmations across multiple asset classes.
  • Trade Support/Middle Office/Transaction monitoring: Support and Control activities in relation to Trade booking,
  • Amendments, Allocations, Trader Mandates, Front-Back Reconciliations and Regulatory reporting.
  • P&L and Valuations: Production of Daily Trader P&L, Attributions, Analysis and Explain across business lines
  • Product control is roughly a 300 member organization with teams working across Mumbai, Bangalore and Chennai and supporting APAC, EMEA and America regions.
  • This role entails a high level of interaction with global product leads, business stakeholders and senior management within IT and Operations and Finance domain.
  •  Ensure the Operating framework for Product Control is efficient; provide quality and timely processing for Global Markets & ALMT Business within a secure environment.
  • Transactions monitoring & validation
  • Production & publication of the Economic P&L of GM & ALMT businesses as well as the respective Explains and reconciliation with the FO predicts.
  • Valuation & contribution consistencies and Trader Mandates controls
  • Ensure that GM & ALMT Ops processes are known, controlled and monitored, to face regulators expectations.
  • Ensure deliverables, procedures are designed according to regulatory requirements and areas of risk escalated to Risk
  • owners and management.
  • Prepare & execute the Product Control budget following specific guidelines, and manage teams effectively in terms of
  • cost and resource.
  • Manage new transitions and movement of functions from other locations into India
  • Drive & develop Product Control Operations staff:- by recruiting them, defining their responsibilities, and setting them individual and collective objectives by assessing their performance regularly in order to make recommendations for compensation by providing them with guidance and support they need to achieve their objectives by creating career development opportunity through job rotation or to facilitate transfer to others departments by identifying training in respect to processes/organisational changes by managing proactively staff career, succession plan and back up

Contributing Responsibilities

  • Stakeholders Relations (not limited to)
  • Internal to ISPL
  • 0. ITO management
  • 1. COCE leadership team
  • 2. Global Market Operation & ALMT department
  • 3. Operations Change management team
  • 4. Operations Permanent Control team
  • 5. Operational Risk Control team
  • 6. Compliance team
  • External to ISPL
  • 0. APAC GM & ALMT Product Control Teams
  • 1. APAC GM & ALMT Front Office (Traders, Sales, Structurers and Business Managers)
  • 2. APAC Market Risk Teams
  • 3. Central & Regional Global Market & ALMT IT management / teams
  • 4. Central & Regional Global Market & ALMT Operations departments
  • 5. Compliance Team
  • 6. IG & Audit teams
  • 7. APAC and Global Finance teams

Technical & Behavioral Competencies

  • Experience in leading large Operations teams for Global Market Products & Processes
  • IT architecture & Operations
  • Continuous Improvement mindset
  • Organization agility & optimization
  • Operational Risk & Control awareness
  • External Customer & Service Focus
  • Global/Regional focus;
  • Experience with cross platform / teams
  • Takes initiative & is results driven
  • Budget planning and management

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Decision Making

Critical thinking

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to manage a project

Analytical Ability

Ability to set up relevant performance indicators

Education Level:

Secondary Education

Experience Level

At least 15 years

Other/Specific Qualifications (if required)

               

 

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 15 yearsSchedule: Full-time Reference: GLO005063