APAC Rates Trade Support – SA/AM

Job Description – Product Controller 

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 24×7 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 :

Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals – P&L and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community.

Job Title:

APAC Rates Trade Support – SA/AM

Date:

1st Aug 2024

Department:

Product control Stream 6

Location:

Mumbai/Bangalore

Business Line / Function:

COCE Product Control – OTC Trade Validation

Reports to:

(Direct)

Head of the Team

Grade: 

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

0

Directorship / Registration:

NA

Position Purpose

·        Responsible for accurate trade validation of OTC Derivative Product within BNPP Systems

·        Ensure trade amendments are performed in a timely fashion and their PV are checked & validated

·        Escalate any mis-match on the trade to the FO & Management that may indicate a wrong position or transaction in the FO System

·        Run all required controls on key elements 

Responsibilities

Direct Responsibilities

·        Validate the trade which is booked in FO systems with the recaps

·        Validate Future contracts with the recaps and ensure timely Clearing

·        When possible, challenge and enhance existing processes.

·        Report, Comment and Validate the exceptions during trade validation 

·        Ensure appropriate escalation to management as soon as an issue is identified.

·        Ensure high levels of ethics and professionalism are maintained both personally and in the team. 

 

Contributing Responsibilities

·        Participate to global projects related to MO processes improvements.

·        Participate to local projects related to systems migrations.

·        Participate to the improvement of the productivity within the team by proposing initiatives

Technical & Behavioral Competencies

·        Strong Rates Derivatives products knowledge including trade validation 

·        Competency with MS Suite, especially Excel 

·        Communication Skills

·        Decision Making

·        Adaptability & Change Management:

·        Ability to develop and leverage networks

·        Ability to develop and adapt a process

·        Result oriented approach

·        Collaborate with remote teams 

Specific Qualifications (if required)

5 – 7 years of working experience in related banking and finance fields.

University graduates, with postgraduates and professional qualifications preferred.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Critical thinking

Creativity & Innovation / Problem solving

Resilience

Transversal Skills: (Please select up to 5 skills)

Ability to set up relevant performance indicators

Ability to develop others & improve their skills

Analytical Ability

Ability to develop and adapt a process 

Ability to understand, explain and support change

Education Level: 

Bachelor Degree/CA/CFA or equivalent

Experience Level

5 7 years of experience

Other/Specific Qualifications (if required)