Associate level 1/Senior Associate - FXMM-OTCD CREDIT Trade Support - Product Control Mumbai

BNP Paribas

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 1 month ago
Job Description - APAC

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

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:

Associate level 1/Senior Associate

Date:

May 2020

Department:

COCE - Product Control

Location:

Mumbai

Business Line / Function:

FXMM-OTCD CREDIT Trade Support

Reports to:

(Direct)

Head of the Department

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Support the Credit Listed Derivatives Middle Office Agency business

Responsibilities

Direct Responsibilities

- To perform day-to-day core trade support functions to Trading including trade validation, late trade booking, trade amendment and cancellation

- Manual book the trades in Murex Bo for non-STP trades

- Handle daily enquiry from Internal Control and P&L team.

- Monitoring the trade workflow from different system.

- Prepare the End of Day Trades summary and Block Trades control.

- To monitor the Internal Control report and solve the break.

- Follow the Escalation Rule and Internal Control.

- Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

- CCP booking: book cash flows for clearer payment

Contributing Responsibilities

- Contribute to the Permanent Control framework

- Continuous improvement in workflow

Technical & Behavioral Competencies

- Credit Derivatives and Fixed Income products knowledge.

- Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

- CCP relevant experiences and knowledge is preferred

- Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office

- Organized & good resistance to stress: This is a much faced paced dynamic environment; therefore excellent time management and good positive resistance to stress are compulsory.

- Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.

- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management

Specific Qualifications (if required)

NA

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Adaptability

Ability to collaborate / Teamwork

Choose an item.

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to develop and adapt a process

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

NA

Qualifications

Job Description - APAC

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

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:

Associate level 1/Senior Associate

Date:

May 2020

Department:

COCE - Product Control

Location:

Mumbai

Business Line / Function:

FXMM-OTCD CREDIT Trade Support

Reports to:

(Direct)

Head of the Department

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Support the Credit Listed Derivatives Middle Office Agency business

Responsibilities

Direct Responsibilities

- To perform day-to-day core trade support functions to Trading including trade validation, late trade booking, trade amendment and cancellation

- Manual book the trades in Murex Bo for non-STP trades

- Handle daily enquiry from Internal Control and P&L team.

- Monitoring the trade workflow from different system.

- Prepare the End of Day Trades summary and Block Trades control.

- To monitor the Internal Control report and solve the break.

- Follow the Escalation Rule and Internal Control.

- Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

- CCP booking: book cash flows for clearer payment

Contributing Responsibilities

- Contribute to the Permanent Control framework

- Continuous improvement in workflow

Technical & Behavioral Competencies

- Credit Derivatives and Fixed Income products knowledge.

- Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

- CCP relevant experiences and knowledge is preferred

- Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office

- Organized & good resistance to stress: This is a much faced paced dynamic environment; therefore excellent time management and good positive resistance to stress are compulsory.

- Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.

- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management

Specific Qualifications (if required)

NA

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Adaptability

Ability to collaborate / Teamwork

Choose an item.

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to develop and adapt a process

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

NA

BNP Paribas