Assistant Vice President – OTC Derivatives

Job Description – AVP, OTC Derivatives

Job Title:

AVP

Date:

05-25-2023

Department:

Derivatives

Location:

Chennai

Business Line / Function:

MFSO

Reports to:

(Direct)

Head of OTC Derivatives

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

 2 to 3 Managers/AM’s

Directorship / Registration:

NA

Position Purpose

Manage the Trade Processing including trade capture, settlement and valuation for BNP Paribas. Assist to expand the team as the business in Chennai grows.

Responsibilities:

• Manage Transaction management operations team with trade capture, settlements and Valuation.
• Assist Head of Department to expand the team as the business in Chennai grows.
• Interact with both internal and external parties to resolve the escalated queries.
• Will be required to take a lead role in project work, where the team takes on new funds and clients on a regular basis
• He / She will be expected to manage the functions on a day to day basis, in conjunction with the Team Managers
• Solid technical understanding of the OTC Derivatives lifecycle management is expected, including strong knowledge on transaction management.
• Demonstrated commitment to continuous process improvement is required.
• Must be a hands individual
• Will be required to interact on a regular basis with other BP2S offices in Europe and Asia

 

Direct Responsibilities

• Ensure that, client issues/concerns are addressed and resolved with in the agreed timelines.
• Ensure high level of communication network is established will all the departments within the business group.
• Ensure high level of service has been delivered to the Clients of BNP Paribas Group.
• Prioritize the work and conduct investigation with due diligence on all the discrepancies.
• Manage staff to take corrective measures/actions.
• Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
• Delegating the tasks to the assistant managers and other team members.
• Ensure all the necessary training is been provided to the team members to perform the relevant tasks. 
• Ensure that, the Back-up management tool is in place for all teams.
• Ensure all the deliverables of the process are met and maintained as per the service agreement.
• Participate in Cross Training and ensure the Knowledge transfer between the team and processes is happening on periodic basis.
• Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
• Preparation of Key/Standard Operating Procedures for each process migrated to Chennai Hub.
• Ensure all the KOP/SOP are got approved and signed between the locations and been uploaded to BNP intranet site.
• Collating the data from all the applications and providing valuable inputs to Senior Management.
• Consistently evaluate and update documented procedures to ensure they are complete, accurate and current and should acts as an owner of all the process documents of the Hub.
• Carry out regular staff appraisals and evaluations.
• Manage Risk, Escalation protocol and work closely with Risk/ORC teams. Remediation measures for identified risk.
• Manage staff, Performance management. Succession planning.
• Documentation – Compliance on documentation requirements for Business.

Key Requirements

• Excellent communication. Strong verbal and written English Communication Skills
• Ability Manage Big team. Work under pressure.
• Detail orientation, service commitment, and solid organizational and interpersonal skills.
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
• Strong awareness of Risk & Control.
• Flexibility to meet Business/BCP and ERS requirement.
• Must be able manage team activities and when required also be involved in project work for the migration of new funds and clients.
• Integrity, trust & fairness

§  Client Focus:

§  Leadership & influence   

Technical & Behavioral Competencies

§  Integrity, Ethics and Values

§  Collaboration and Partnering

§  Ability to review data and scenarios and make good decisions in a timely fashion

§  High energy levels, communication skills, team work and persuasiveness

§  Confident and self-motivated

Specific Qualifications (if required)

                                            

Skills Referential                                       

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Client focused

Ability to synthetize / simplify

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop others & improve their skills

Analytical Ability

Ability to inspire others & generate people’s commitment

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

Education Level:

Master Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)