Assistant Manager

April 20, 2024

Assistant Manager

ReferenceBNP024671

  • Standard / Permanent
  • IN-TN-Chennai
  • OPERATION PROCESSING
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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 24×7 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:

IFSO MO  – SYD Derivatives is part of overall MO function and Trade processing team. Derivatives team is responsible for booking trades on a day to day for BNP Clients.

Job Title:

Assistant Manager

Date:

Department:

MO – Derivatives SYD

Location:

Business Line / Function:

Middle office/IFSO

Reports to:

(Direct)

 Manager

Grade:

(if applicable)

Assistant Manager

(Functional)

Number of Direct Reports:

6 to 7

Directorship / Registration:

NA

Position Purpose

§  UK derivatives support team is a department in BNP Paribas Securities Services Ops that will provide back office and middle office services to Asset managers and Institutional clients. Services provided SYD derivatives team will be trade capture, costing and settlement, margin settlements, reconciliation and investigations. 

§  The Assistant Manager will be a member of SYD derivatives team, who will be manage processing derivative trades, margin management and resolving trade-related exceptions. Any issues or escalations should be managed timely utmost care

§  The Assistant Manager 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 organization

Responsibilities

 

Direct Responsibilities

 

§  Lead a team that will be responsible for Security Setup, Trade booking, Costing, reconciliation and Rec breaks

§  Ensure smooth day-to-day operations are managed with 100% accuracy

§  Ensure/contribute for Green KPI’s & KMP’s

§  Facilitate teams to critically review current processes for effectiveness, quality and simplification

§  Develop and implement process solutions to improve operational efficiency

§  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 company

Contributing Responsibilities

 

§   Escalating exceptions to appropriate processing team for resolution.

§   Reporting of exceptions in line with internal control and external client requirements.

§  Contributing to the team success. If needed by processing the activities as well.

Technical & Behavioral Competencies

·       Strong understanding of financial markets, investment management and asset management

·       Good Understanding on derivatives

·       Excellent communication skills

·       Fair knowledge on Derivatives, Equities -trade capture and matching services.

·       Basic Excel and digital documenting will be added advantage.

Client Focus & Adaptability:

Client Focus:

  • Be pro-active in developing customer relations by understanding and responding to customer needs.
  • Strive continually for customer satisfaction and focus on Client Delight.
  • Commit/Promise only what can be delivered by keeping Bank’s interest in mind.
  • Try to identify the real needs of the customer, including those not necessarily stated.

Adaptability:

  • Advise/Educate the client’s staff on formulation of data which suits to BNP Applications.
  • Always look for ways to improve services and processes

Be able to adapt to different markets and different clients evolution

Integrity, trust & fairness  

  • Acts with integrity in all interactions with colleagues, team members and clients. 
  • Promises only what can be delivered, managing expectations and honors commitments and has committed to ethical practices in all interactions and relationships. 
  • Treats others fairly, showing respect and courtesy. 
  • Builds trust by responding openly, genuinely and consistently to others.

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Creativity & Innovation / Problem solving

Client focused

Active listening

Transversal Skills: (Please select up to 5 skills)

Ability to manage a project

Ability to inspire others & generate people’s commitment

Ability to develop others & improve their skills

Ability to manage / facilitate a meeting, seminar, committee, training…

Ability to anticipate business / strategic evolution

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 7 years

Other/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

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