Manager – OTC Derivatives

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 specialized 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.

Job Title:

Manager

Date:

5-27-2024

Department:

Derivatives

Location:

Chennai

Business Line / Function:

MFS

Reports to:

(Direct)

Head of OTC Derivatives/Head of Transaction Management

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

 2 to 3 AM’s

Directorship / Registration:

NA

Position Purpose

Manage the Trade Capture, Affirmation/Confirmation and Settlements team for BNP Paribas. Assist to expand the team as the business in Chennai grows.

Responsibilities:

• Manage the BNP Security Services OTC Derivatives Trade Capture and Confirmations Team/s.
• 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 onboarding and Clients on a regular basis
• Demonstrating commitment to continuous process improvement is required.
• Must be a hands on to deal with Client issues and escalations.
• Stake Holder Management; Will be required to interact on a regular basis with other BNP offices in Europe and Asia

Direct Responsibilities

• Ensure all trades received are booked and affirmed in the market.
• Ensure trade flows are monitored through the day to ensure Client books appropriately recorded.
• Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.
• Ensure high level of communication network is established with 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.
• Ensure all the necessary training is been provided to the team members to perform the relevant tasks. 
• Ensure all the deliverables of the process are met and maintained as per the service agreement.
• Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
• 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.
• Ensure all the documentation is in place w.r.t Risk mitigation and Control.

Key Requirements

• Strong knowledge on OTC Derivatives Products (Interest Rate Swap, Credit Default Swap, FX options, Swaptions, Total Return Swaps, Cross Currency Swaps etc.)
• Strong understanding of market platforms like, MTM, MarketWire, Calypso/Summit etc.
• Strong understanding of Middle Office and Back Office Responsibilities.
• Solid technical understanding of the OTC Derivatives lifecycle management is expected, Knowledge on Regulatory Reporting (EMIR, ASIC, MASS Reporting), and Portfolio Reconciliation would be a plus.
• Excellent communication. Strong verbal and written English Communication Skills
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
• Strong awareness of Risk & Control.
• Ability to display sense of urgency and accountability to deliver the process requirement.
• Must be able manage team activities and when required also be involved in project work for the migration of new funds and clients.
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
• Consistently takes the lead within the department to execute positive solutions and achieve high standards of excellence. 
• Promises only what can be delivered, managing expectations and honours commitments, and, has committed to ethical practices in all interactions and relationships. 
• Treats others fairly, showing respect and courtesy. 

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)