Associate

Job Description – OTC Transaction Management

Note to Hiring Manager:

In support of BNP Paribas APAC’s Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.

Job Title:

Associate

Date:

Nov-06-2023

Department:

MFS-OTC

Location:

Chennai, CP2

Business Line / Function:

MFS- OTC Derivatives PARIS ( TMS)

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

Senior Associate 

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

To efficiently measure and manage the TM process within BNP (MO-Derivatives).

Responsibilities

Direct Responsibilities

§  Ensure all derivative activities are produced accurately and in a timely manner.

§  Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.

§  Ensure high level of communication network is established will all the departments within the Business

group.

§  Defining the Key Performance Indicators for the process and achieving the same on a regular basis.

§  Collating the data and providing MIS to Supervisor in a timely manner.

§  Should adhere to the set SLA s and ensure delivery within the agreed timelines.

§  Should be a good team player and work closely with all team members

§  Should work towards error free processing and cost minimization for the team.

§  Should be willing to work under extreme pressure and for extended hours, if job demands

§  Dealing with the various internal and external stakeholders effectively and efficiently.

§  Carrying out various identification checks to comply with anti-money-laundering regulations and prevent fraud

§  Answering client account manager, other internal department queries and handling telephone calls concerning risk-monitoring queries.

§  Ensure all the queries handled with utmost care without errors/mistakes and within the TAT.

§  Prioritize the work and perform the same with due diligence.

§  Taking corrective measures/action in consultation with the Assistant Manager/Manager.

§  Escalate unresolved open items to Assistant Manager/Manager notice.

§  Maintain Communication Channels with internal peer groups.

§  Participate in Cross Training and ensure the Knowledge transfer between the team and three processes.

§  Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.

§  Should work closely with all internal departments to resolve conflicts

§  Knowledge on compliance laws and swift message types would be an added advantage.

§  Mailbox Management / Queue Management

Contributing Responsibilities

Trade Processing

• Processing Derivative trades in Middle office systems
• Providing trade notifications to third parties such as fund trustees, Custodian etc.
• Resolving the trade-related exceptions.
• Validation of trades set up in the Application.

Matching

 

• Matching the trades via Electronic platform for OTC derivatives products
• Paper matching the for OTC derivatives products

 

 

Cash Management

 

§  OTC settlement processing.

§  Processing of accounting entries.

§  Contacting custodians on cash settlement on a daily basis.

Technical & Behavioral Competencies

 

§  Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills 

§  Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

§  Supervise, Monitor, Control and Co-ordinate all activities in the department.

§  Lead and motivate the employees in the department

§  Identify and develop succession plan.

§  Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

§  Proficient in Microsoft Office Applications and strong MS Excel skills required.

Specific Qualifications (if required)

¡ Knowledge on OTC products 

¡ OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options.

¡ Investigate and assign client instructions within the respective deadlines.

¡ Ability to interact with both internal and external clients to resolve issues and queries.

¡ Query resolution in accordance with time frames set out in Client SLA s

¡ Investigate accurately payment instructions and client investigations within respective deadlines.

¡ Ability to interact with both internal and external clients to resolve issues and queries.

¡ Query resolution in accordance with time frames set out in Client SLA s

¡ To Process swifts / client queries in a timely basis.

                                                     

Skills Referential                                                    

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to deliver / Results driven

Communication skills – oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Ability to develop and adapt a process

Education Level:

Master Degree or equivalent

Experience Level

Fresher

Other/Specific Qualifications (if required)

¡ Candidates should be willing and flexible to work in any shifts.