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, centered 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 24×7 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 10,000 employees, to provide support and develop best-in-class solutions.
About Business line/Function :
The Global Markets (GM) business of BNP Paribas helps its Corporate and Institutional clients leverage capital markets across the globe for their financing, risk management and investment needs. This encompasses a wide range of financial products ranging from foreign exchange to complex Equity Derivatives that are traded in financial markets across the globe 24/7.
IT systems are integral to the business and are a key part of the value proposition to clients. These IT systems range from industry standard products for standard process automation to internally developed, often, market leading IT applications. The IT teams owning these IT systems are made up of functions that include Technical and Application production support, Business Analysis & Project Management, Development & Maintenance and Quality Control. BNP Paribas India Solutions is an equal partner in these IT functions along with colleagues in other locations including Paris, London, New York, Tokyo, Singapore & Hong Kong. This partnership ranges from sharing the IT workload, executing global strategy to owning global applications offshore. The technology and engineering landscape is wide, encompassing almost all techniques and platforms. It continues to evolve and transform with the market with the business continuing to invest in it.
Job Title:
Head – Position, Risk & Collateral (Global Markets IT)
Date:
13th December 2024
Department:
CIB IT
Location:
Bengaluru
Business Line / Function:
Global Markets IT (GM IT)
Reports to:
(Direct)
GM IT ISPL CIO
Grade:
(if applicable)
Director (D1)
(Functional)
Head of Pillar – GM IT
Number of Direct Reports:
~5-9 direct span
Directorship / Registration:
NA
Position Purpose
- As Head/Domain lead, manage the software development teams based in India to deliver high value IT functionality, stability & Scalability with a scope of responsibility of 100+ FTEs. Responsible for relationship management with Business & IT sponsors in conjunction with respective global domain heads. Lead Transversal transformation programs of a technical nature for the GMIT department beyond the domain, e.g. Engineering initiatives to improve code quality, Technical Debt management, End of Life / Obsolescence, Left shift for testing etc, including the awareness, training and change management dimensions of it.
- By being a part of the India Global Markets IT (GM IT) ExCo:-
- Contribute & strengthen the management vision of the department.
- Contribute to the continuous improvement of GMIT ISPL and implementation of best practices.
- Lead by example and disseminate the management values & objectives for GMIT Leadership group to boost GMIT ISPL performance.
- Contribute to true collaboration across all domains of GMIT.
Responsibilities
Direct Responsibilities
Vision in strategy:
- Key leadership role responsible for managing and driving the IT strategy, execution and delivery of technology and solutions, support position management, risk analytics and collateral management for GM IT
- The successful candidate will ensure management of ~100+ GM IT professionals.
- Will act as a key partner with business stakeholders to drive the overall GM IT strategy.
- Build strong relationship with global business leaders, risk managers, collateral teams to drive business successfully and to ensure consistency and alignment across systems.
- Visualize business changes and create an IT/innovation mindset so that solutions are ready for the growth of business and subsequent scale-up.
Delivery and operations:
- Overseeing delivery of high-quality, complex IT Programs for the Position, Risk and Collateral teams.
- Implement Agile methodologies to ensure efficiency in delivery operations.
- Platform availability, scalability and performance – to support high transaction volumes.
- Collaborate with Application Production Support to optimize production incidents resolutions.
- Manage relationships with technology partners ensuring cost effective delivery of solutions.
- Leverage emerging technologies to enhance system architecture and solutions.
- Drive digital transformation initiatives to improve operational efficiency.
- Budget management and cost optimization.
- Continuous monitoring of performance & efficiency of the setup.
- Identify opportunities for process and technologies improvement.
- Enable solutions and act as escalation point for Administrative & HR topics.
- Provide support to business stakeholders & operations leadership.
Risk and compliance:
- Ensure compliance with global regulatory requirements.
- Implement existing robust IT governance and reporting mechanisms to manage operational excellence.
- Risk mitigation via implementation of technology obsolescence remediation.
Digital Transformation:
- Manage initiatives, which includes framing transformation programs
- Getting buy-in from stakeholders and contributors
- Define the governance, secure capacity, and budget, build/consolidate and maintain the plan, manage dependencies and drive to completion, ensuring effective communication, continuous alignment of contributors and timely running of governance routines.
People Development:
- Drive and manage people development initiatives in partnership with HR.
- Responsible for mentorship and career growth of the in-scope employees.
- Consulting point for Talent Acquisition & Technology solutions.
Contributing Responsibilities
- Technology validation & evolution.
- Support & leadership to organizational initiatives.
- Identify gaps in existing systems and create action plan to plug those gaps rapidly.
- Promote automation on all areas that helps to improve quality and faster delivery
Technical & Behavioral Competencies
Specific Qualifications (if required)
- An IT Engineering degree or equivalent
- At least 20 years of work experience in IT
- At least 10 years of work experience in a Capital Markets IT environment
- Hands on Programming experience of at least 10 years
- Experience of managing an overall team of at least 100 staff for at least 3 years
- Strong understand of Global Markets , trade lifecycle – experience in trading platforms
- Financial markets and regulatory requirements
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Decision Making
Attention to detail / rigor
Ability to deliver / Results driven
Transversal Skills:
Analytical Ability
Ability to develop others & improve their skills
Ability to anticipate business / strategic evolution
Ability to inspire others & generate people’s commitment
Ability to develop and leverage networks
Education Level:
Bachelor Degree or equivalent
Experience Level:
At least 20 years
Other/Specific Qualifications (if required)