Job Description

About BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.

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 Business line/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\xe2\x80\x99s and Regional Finance.

Job Title:

Senior Associate

Date:

2024

Department:

DEC- Clearing

Location:

Bengaluru

Business Line / Function:

Derivatives Execution & Clearing Operations
Insourcing

Reports to:

(Direct)

Team leader/Assistant Manager

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The candidate would be Part of Derivative Execution and clearing team, working along with the DEC Market Fees Reconciliation and Brokerage team.The role would concentrate To clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.

The role requires a high level of attention to detail, to ensure BNPP SA\xe2\x80\x99s external end client fees are validated and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.

Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company\xe2\x80\x99s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

• Direct communication with CTFC regulators, compliance teams, auditors, FCM community, and global business partners
• Client on boarding and pre trade support
• Post trade execution clearing and allocation processing
• Key risk indicator and statistical capture, recording, and analysis of operational process and staff performance
• Trade reconciliations utilizing middleware and industry software
• Internal coordination with various departments during client on boarding
• Client and business inquiry research, investigation, and issue resolution
• Work with global risk teams on limit queries and trade support
• Lead and assist large scale projects to implement processes that comply with necessary changes, growth, and or new regulations and rules
• Account set-up review and implementation utilizing various operational systems
• Sales and marketing assistance in developing and presenting business offering

Demonstrates a highly competent working knowledge of FCM operations involvement in the life cycle of execution and clearing activities

Informational and instructional presentations

• New product and market on-boarding including identification of requirements
• Regulatory exam and audit coordination

Ensure ample familiarity with our escalation procedures and raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution

Control monitoring

Reviews processes and provides feedback for enhancement with additional responsibility for managing the enhancement for operations and seeing through to completion

Minimum Required Qualifications

• Bachelor degree
• Supervisor - experience with exchange listed products, OTC Cleared derivatives, or capital markets trading, operations, execution, clearing, or trade process
• Staff - 5 or plus years of experience with exchange listed products, OTC Cleared derivatives, or capital markets trading, operations, execution, clearing, or trade process
• Experience managing and operational processes
• Experience interacting with exam teams and regulators
• Experience interacting with clients and various lines of business
• Working knowledge of FCM Clearing setups \xe2\x80\x93 CCP mappings, exchange reporting suite
• Understanding of exchange listed derivatives trading and clearing workflows and related controls to alleviate regulatory risk
• US exchange product knowledge of trade life cycle
• Microsoft Excel (Vlookup, Pivot tables, formals, etc.), Outlook and Power Point

Preferred Qualifications:

• Experience in T+1 reconcilliation
• 5+ years of experience in clearing listed derivative products on multiple CCPs
• 5+ years of experience in FCM Clearing operations
• Experience giving live demonstrations presenting to small and large audiences
• Experience interacting with clients and various lines of business seeking solutions for enhancing client experience
• Experience in global markets operational systems
• Experience working with global lines of business to build and maintain partnerships
• Microsoft suite knowledge

Qualifications

Technical & Behavioral Competencies

• Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
• Knowledge of Exchange Traded derivative products /ETD Clearing.
• Experience of the commodity exchanges\xe2\x80\x99 and CCPs\xe2\x80\x99 platforms - preferable though not required
• Flexibility to accommodate business requirements and working hours.
• Ability to use Excel at an intermediate level - essential
• Excellent numerical and analytical skills - essential
• Ability to analyse large volumes of data
• High attention to detail and quality focused
• Be comfortable with escalation and managing issues as they arise
• Forward thinking and proactive with the ability to question process
• Ability to work under pressure
• Team Player

Specific Qualifications (if required)

• Bachelor\xe2\x80\x99s degree from a college or university
• Strong Communication skills and client focus oriented
• Fundamental understanding of clearing /Futures & Options markets.
• Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

5 & Above years

Other/Specific Qualifications (if required)

NA

BNP Paribas