Job Description

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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 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 Market Securities Settlements 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.


Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.


Job Title


Assistant Manager - Exotic Trade Support

Date


2024


Department


COCE Product Control

Location


Mumbai


Business Line / Function


COCE Product Control - Position Management - SES



Reports to

Hierarchical


VP


Grade


(if applicable)

NA

Functional


VP


Number of Direct Reports

Directorship / Registration


Nil

POSITION PURPOSE
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Provide dedicated Support for Asia Exotic & Structured Front Office Desk

Responsibilities

DIRECT RESPONSIBILITIES
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Trade Lifecycle Events

• Compute and notify trade events (Early Termination, coupons....)
• Monitor & Validate Barriers Crossing & Fixings mismatches.
• Adjust booking in PNL / Risk Trade repository Systems.
• Co-ordinate with Traders/PNL/Client Service teams on timely basis

CONTRIBUTING RESPONSIBILITIES
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• To perform day-to-day core trade support functions to Trading including Trade Lifecycle processing, Trade Booking & Amendment
• To handle any post-trade events such as corporate action adjustment, secondary event booking and notification
• To be the middleman to co-ordinate all information from Front to Back to ensure smooth processing and settlement is properly performed.
• To perform as an independent control team to strengthen all the control within the process.


The individual will work closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.


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

Projects

• Participate to global projects related to Trade Support processes improvements.
• Participate to local projects related to systems migrations.
• Active follow up on updating documentation of Trade Support processes.

Technical and Behavioral Competencies required

• Strong Equity derivatives products knowledge including the Front to Back workflows and the product event management.
• Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.
• Strong experience in Exotic products: product scheme knowledge, capacity to understand the Front Office to Back Office stream.
• Pricing of exotic options would be a plus.
• Analytical mindset: Aptitude to understand the Front to Back 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.
• Attention to detail: Ability to ring the bell for any abnormal trade pattern and escalate in timely manner


- 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.

• Self-discipline & autonomy: Have a constant "delivery on time" mindset, both on the daily production and on the projects handled. Ability to work on its own with little supervision.
• Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage...) as this is a constant changing environment
• Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
• Escalation & Reporting process: Internal rules of reporting and escalation to Operations and Front Office need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management.
• Being involved and actor in major projects.

Experience and Qualifications required

• Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
• 8+ years' experience on Equities Derivatives Trade support

Skills Referential


Behavioural Skills: (Please select up to 4 skills) -


Ability to deliver / Results driven


Ability to collaborate / Teamwork


Communication skills - oral & written


Ability to share / pass on knowledge


Transversal Skills: (Please select up to 5 skills)


Ability to understand, explain and support change


Analytical Ability


Ability to develop others & improve their skills


Ability to develop and adapt a process


Ability to inspire others & generate people's commitment


Education Level:


Bachelor Degree or equivalent


Experience Level :


At least 7 years

Other/Specific Qualifications (if required)