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 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 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 specialized 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, corporate 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:
Global Markets Operations
team ensures that Security transactions (Bonds, Equities, Complex Securities,
ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s
mandate, match the commitment actually taken with counterparties within a secure
setup, in accordance with Group and Regulatory Policies and/or contractual
agreements
Job Title:
Sr.Associate
Date:
2024
Department:
Listed
Derivatives Clearing
Location:
Bangalore
Business Line / Function:
DEC
Reports to:
(Direct)
Asst.
Manager
Grade:
(if
applicable)
NA
(Functional)
None
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
To
clear and allocate Asian derivatives trade on behalf of the client. Ensure
all top day trades are cleared and reconciled against cleaning house by the
end of day.
Work
effectively with team members to accomplish common goals. Generate creative
solutions to problems, Ability to plan work ahead and to prioritize workload
in an organized manner.
Responsibilities
Direct Responsibilities
- Process the reconciliation
vis-à-vis the clearing house (trades, position, premium, Initial margin,
variation margin, fees etc.) for various Asian markets. - Clear and manage give- up and
give- in trades in the clearing tool. - Manage Average pricing trades
accurately both in clearing and reconciliation tool. - Exercise and closeout at the
market level. - Position transfer for various
markets (sending forms to exchange) - Reallocation of trades for top
day and T+1 etc. - Raise margin payment for
various currencies - Pre trade risk monitoring
- Monitoring position for T and
t+1 - Static data setup for clearing
and reconciliation tool - Follow-up & solving client
queries - Adhere to daily checklist to
ensure controls are followed - Contributing ideas to improve the process by identifying
appropriate control measures. - Ensure importance is given to four eye validation for each
activity - Managing BAU emails/ phone
calls related to Listed Derivatives - Ensure proper documentation for
the purpose of risk and audit trail - Abiding the Service Level Agreements.
- Ability to work independently, as well as in a team environment,
prioritizes multiple
tasks and
meets strict deadlines.
- Highlight any unresolved open items to the respective process
Managers. - Monitor mailbox.
- Monitor checklist sign off.
- Monitor daily allocations.
Contributing Responsibilities
- Participate in brain storming sessions and share the best
practices and ideas with the peer groups and team members. - Constantly update and review procedures to keep up to date with
the change in process. - Participate in ad-hoc projects and new initiatives.
- Capture delay, internal error and external errors
- Performing a range of daily,
weekly, monthly controls to ensure completeness of processing and that
any inappropriate postings, incorrect matching etc. are identified and
resolved promptly.
Technical
& Behavioral Competencies
- Organized & good resistance to stress.
- Must be prepared to work on any shift supporting
Indian/Asia/Americas/European business hours. - Proficient in MS Word, Excel, PowerPoint and VBA would be plus.
- Strong analytical skills, detail orientation, service commitment,
and solid organizational and interpersonal skills - Escalate unresolved open items to the respective process Managers.
Client Focus
Complete commitment to provide
professional, intelligent and timely responses to our clients’ needs and to
changes in the market.
Communication
Oral: Expressing ideas effectively in individual and group
situations.
Adjusting communication style to
match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using
professional, appropriate language at all times, and adhering to the use of
the BNPP Email Protocols.
Team Work
Work effectively with team members
to accomplish goals, Respect the needs of others and displays integrity in
dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability
to plan work ahead and to prioritize workload in an organized manner. Always
looks for ways to improve services and processes
Specific
Qualifications (if
required)
An experience in Listed Derivatives Clearing would be a plus point.
Skills
Referential
Behavioural Skills: (Please
select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to share / pass on knowledge
Client focused
Transversal Skills: (Please
select up to 5 skills)
Ability to develop and adapt a
process
Analytical Ability
Ability to understand, explain and
support change
Choose an item.
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 2 years
Other/Specific
Qualifications (if
required)