Manager – Trade Support

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 Businessline/Function :

Global Market Operations also known as COCE (Client Operating Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.

Job Title:

Manager

Date:

2024

Department:

COCE  – Product Control

Location:

Bengaluru

Business Line / Function:

FX Prime Brokerage Trade support

Reports to:

(Direct)

Vice President

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The qualifying candidate will join the FXPB Middle Office team as a part of BNP Paribas’ Foreign Exchange Prime Brokerage offering.  The FXPB middle office is looking to hire an experienced professional who can join the team and make an immediate contribution. The role will encompass the tasks of ensuring efficient and accurate transaction processing across a broad range of products. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York.

Responsibilities

Direct Responsibilities

• Candidate should be okay to work in night shifts starting anywhere between 17:30 – 21:30 IST
• Participating and leading  client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
• Working with internal and external parties to resolve trade discrepancies on T and post T
• Working in an environment with direct client interaction
• Escalating client trade related issues
• Understanding and responding to client queries with respect to client reporting on Data Direct, a BNP Paribas website
• Working closely with IT developers defining infrastructure upgrades and maintenance requests
• Managing trade life cycle events including daily option exercises/expirations and NDF fixings
• Coordination with all internal stakeholders who support our business ( Risk, Credit, Legal, Collateral, BO, Sales, IT)
• Monitor Limit utilization throughout the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
• Distributing monthly invoices and monitoring the collection of fees
• Ad Hoc project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements

Contributing Responsibilities

• Contribute to the Permanent Control framework

Shift Timing: US (rotational)

Technical & Behavioral Competencies

• The successful candidate will need to demonstrate the following:
• Strong organizational and analytical skills
• Good product knowledge
• Proficient in Excel
• Excellent verbal and written communication skills
• Ability to maintain focus in a fast-pace environment
• Ability to consistently meet deadlines
• Works well within a team environment
• Attention to detail and accuracy
• Service Oriented
• A spirit of continuous improvement
• Flexible shift timings however for this role it will be AMER shifts

Specific Qualifications (if required)

•  Minimum of 5 years in a foreign exchange prime brokerage position
• Strong understanding of FX Spot/Forward/Options

Skills Referential

Behavioural Skills:

Creativity & Innovation / Problem solving

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills – oral & written

Transversal Skills:

Analytical Ability

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to anticipate business / strategic evolution

Ability to manage a project

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)

NA