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 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 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 specialised 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, corporates 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 stabilityCommitment to Diversity and InclusionAt 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:Job Title:Assistant Vice PresidentDate:Department:MO - Derivatives UKLocation:Business Line / Function:Middle office/IFSOReports to:(Direct)Vice PresidentGrade:(if applicable)AVP(Functional)Number of Direct Reports:40Directorship / Registration:NAPosition Purpose§ UK derivatives support team is a department in BNP Paribas GSO that will provide back office and middle office services to Asset managers and Institutional clients. Services provided UK derivatives team will be trade capture, costing and settlement, margin settlements, reconciliation and investigations.§ The AVP will be a member of UK derivatives team, who will be manage processing derivative trades, margin management and resolving trade-related exceptions. Any issues or escalations should be managed timely with utmost care§ The AVP will be managing the daily operations/ workflow within the business group and helps the Manager in achieving the process deliverables. Solid technical understanding of the business is expected, including strong knowledge of Hiport/Trades & Intellimatch system.§ He/she should be able to articulate himself well and communicate well across all levels in the organizationResponsibilitiesDirect Responsibilities§ Develop and implement strategic agenda.§ Develop and implement process solutions to improve operational efficiency.§ Supports the head of department to develop the strategic plan and manages his / her unit expenses§ Conducts Performance Management and career development processes, and staffing and disciplinary actions.§ Works with Department head to finalize his / her processes budget and manage expenses for the team§ Provide leadership and guidance to staff, fostering an environment which encourages employee participation, team work and communication§ Works with Spoke to provide on-going satisfaction of Middle office services.§ Oversees support staff and production process§ Facilitate teams to critically review current processes for effectiveness, quality and simplification§ Identify risks and issues in business processes and systems.§ Develop in-depth knowledge of the organization’s business lines and products.§ Assist in promoting the implementation of best practices.§ Recommend innovative business and technical solutions to improve operational effectiveness.§ Ensure effective communication to all the parties involved§ Coordinate with cross-functional team to develop process requirements.§ Inspire and motivate people to work towards the goals of the company.§ Ensure the process of change is smooth and uneventful for the companyContributing Responsibilities§ The Candidate will report to the VP of the process.§ The position interacts with other Process Associates, Mid Office Staff, Relationship Managers and Clients.§ The position interacts with International Team Members of BNP Group.§ Reporting of exceptions in line with internal control and external client requirementsTechnical & Behavioral Competencies· Thorough understanding of all Derivative product classes· Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.· Good verbal and written communication.· Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines· To be based in Chennai / Mumbai and be available to travel if required.· Must be prepared to work in any shift supporting the business.· Identify Operational Risk Areas within the Client Business Revenue Process.· Supervise, Monitor, Control and Co-ordinate all activities in the department.· Lead and motivate the employees.· Identify and develop succession plan.Specific Qualifications (if required) – N/ASkills ReferentialBehavioural Skills: (Please select up to 4 skills)Decision MakingAbility to deliver / Results drivenCreativity & Innovation / Problem solvingActive listeningTransversal Skills: (Please select up to 5 skills)Ability to understand, explain and support changeAbility to inspire others & generate people's commitmentAbility to develop others & improve their skillsAbility to set up relevant performance indicatorsAnalytical AbilityEducation Level:Master Degree or equivalentExperience LevelAt least 12 yearsOther/Specific Qualifications (if required)· Product Knowledge ETD – Futures and options on all major exchanges globally.· OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return),· Swaptions, Options.· CFD
