Job Description

Repo/Bonds settlementsAbout BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union\xe2\x80\x99s 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\xe2\x80\x99s 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\xe2\x80\x99s 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: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\xe2\x80\x99s 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 ManagerDate:2024Department:Global Markets Operations \xe2\x80\x93 Securities settlementsLocation:BengaluruBusiness Line / Function:Repo/Bonds settlementsReports to:(Direct)NAGrade:(if applicable)Assistant Manager(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposePrimary responsibilities of the team includes:\xc2\xb7 Settlement of Repo and Bonds transactions and associated products in a timely and cost effective manner\xc2\xb7 Timely resolution of nostro and depot breaks\xc2\xb7 Mitigation of operational and reputational risk by escalating in a timely and efficient manner\xc2\xb7 Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of tradesActing as a first level escalation contact, it is essential for this role to ensure the team deliverables are met and issues are highlighted to the appropriate groups and stakeholders in a timely manner.ResponsibilitiesKey Responsibilities: * Responsible for the settlement of Repo and Bonds transactions & associated products booked in Calypso, on a timely and cost effective basis by:o Ensuring all trades are instructed, matched & settled on a timely basiso Monitoring of failing trades & updating calypso with details of reason for failso Reducing fails and/or potential fails by means of pairing off or offering partial for deliverieso Pre-matching trades on a daily basiso Cash management related with funding trades

• Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

o By investigating and where possible, clearing all nostro breaks reported by Securities Control teamso By passing entries to the Calypso systems to clean up outstanding items on a timely basiso By investigating and where possible, rectifying all depot breaks on a timely basis reported by Securitieso Control teamso By investigating and solving accounting breaks raised by Securities Control & Accounting teams * Contribute to the minimisation of settlement costs & operational risk:o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigateo operational or reputational risko Monitor and take appropriate actions in case of market risks such as buy-ins, penalties etc.o By seeking to improve STP rates at our custodians thereby reducing costo By updating static data as and when necessaryo By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance ruleso If necessary, using the escalation process when operational risk is detected

• Contribute to the overall successful running of the settlement department:

o By maintaining close relationships with traders and sales and escalating problems to them promptly where requiredo By maintaining good working relationships with domestic agents and custodianso By communicating with and assisting, other operational departments where neededo Ensuring direct Managers are kept informed of any potential problems & issues where appropriate and to the Client relationship management on the whole Security Post-Trade Processing area in coordination with CIB CLM OCRM e.g. meetings, investigations, surveys.o Contribute to ensure all required materials such as procedures, SOP, Skill Matrix, trainers identified, are updated.o Raise to the management / project teams any dysfunctionality during the course of BAUo Actively contribute to UAT testing where necessary and engage in training and coaching the new joinersCore competencies:o Management skillo Problem solving skillso Good communication skills and strong client focuso Multicultural awarenesso Risk awareness and attention to detailo Analytical and result orientedo Strong organization skills and rigorouso Ability to perform multiple tasks and meet established deadlines, in a fast pace work environmentExperience RequiredMinimum of 7 years\xe2\x80\x99 experienceSkills ReferentialBehavioural Skills: (Please select up to 4 skills) \xe2\x80\x93Ability to deliver / Results drivenAbility to collaborate / TeamworkCommunication skills - oral & writtenAbility to share / pass on knowledgeTransversal Skills: (Please select up to 5 skills)Ability to understand, explain and support changeAnalytical AbilityAbility to develop others & improve their skillsAbility to develop and adapt a processAbility to inspire others & generate people\'s commitmentEducation Level:Bachelor Degree or equivalentExperience Level :At least 7 yearsOther/Specific Qualifications (if required)

BNP Paribas