Associate level 1/Senior Associate - FX PB Trade Support - Product Control Mumbai

BNP Paribas

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

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 - FX PB Trade Support – Product Control




Global Market operations



Business Line / Function:

Global Market Middle Office Trade Support

Reports to:


Head of team


(if applicable)



Number of Direct Reports:


Directorship / Registration:


Position Purpose

The qualifying candidate will join the FXPB Middle Office team as a part of BNP Paribas’ Foreign Exchange Prime Brokerage offering. The FXPB middle office is looking to hire an experienced professional who can join the team and make an immediate contribution. The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York.

  • Candidate should be okay to work in night shifts starting anywhere between 17:30 – 21:30 IST
  • Participating and leading client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
  • Working with internal and external parties to resolve trade discrepancies on T and post T
  • Working in an environment with direct client interaction
  • Escalating client trade related issues
  • Understanding and responding to client queries with respect to client reporting on Data Direct, a BNP Paribas website
  • Working closely with IT developers defining infrastructure upgrades and maintenance requests
  • Managing trade life cycle events including daily option exercises/expirations and NDF fixings
  • Coordination with all internal stakeholders who support our business ( Risk, Credit, Legal, Collateral, BO, Sales, IT)
  • Monitor Limit utilization throughout the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
  • Distributing monthly invoices and monitoring the collection of fees
Ad Hoc project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements

Technical & Behavioral Competencies
  • The successful candidate will need to demonstrate the following:
  • Strong organizational and analytical skills
  • Good product knowledge
  • Proficient in Excel
  • Excellent verbal and written communication skills
  • Ability to maintain focus in a fast-pace environment
  • Ability to consistently meet deadlines
  • Works well within a team environment
  • Attention to detail and accuracy
  • Service Oriented
  • A spirit of continuous improvement
Specific Qualifications (if required)
  • Minimum of 2 years in a foreign exchange prime brokerage position
  • Strong understanding of FX Spot/Forward/Options
  • Diploma from an accredited collegiate institution
  • Working knowledge of FX, Prime Brokerage, and client facing experience
Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making


Active listening

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to anticipate business / strategic evolution

Ability to develop and adapt a process

Ability to manage / facilitate a meeting, seminar, committee, training…

Education Level:

Master Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)


BNP Paribas