SA/AM- Trade support

 Job Description

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 :

Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals – P&L and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community

 Job

Job Title:

Senior Associate / Assistant Manager – Trade Support

Date:

2024 

Department:

COCE Product Control

Location:

Mumbai

Business Line / Function:

COCE Product Control

Reports to:

(Direct)

Head of Team

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

To provide efficient and well controlled operational support for Bonds and Repo activities in Global Market and ALMT metier

The position is highly critical and has heavy interactions with sales/trading and clients in APAC.

Team coverage starts in the APAC timezone. Team should have appropriate shift to ensure sufficient coverage.

Responsible to manage Bond Trade Support team

Responsible to develop people in the organization and manage the team with strong leadership.

Position is fully accountable Bond Trade Support.

Responsibilities

Direct Responsibilities

·       Bring Direct contribution to BNPP operational permanent control framework

·       Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls

·       Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.

·       Comply with internal and external regulatory and compliance requirements

·       Comply with the BNPP standards of Code of Conduct

·       Comply with the BNPP IT Security policies

·       Anti‐Money Laundering / Financial Sanctions “AML/FS”) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

·       Responsible for providing direct assistance and support to Asia-based marketers and traders in Asia Pacific in respect of bond and repo products:

·       following up of any trade or settlement details discrepancies for trades done in Asia Pacific

·       reconciling trades between front office pre-confirmations to external clients and deal capture systems

·       monitoring/undertaking trade exceptions processing

·       ensuring prompt and accurate set up and update of client SSIs

·       assisting various back/middle offices with general queries

·       assisting clients’ queries

·       Responsible for collection, maintenance and update of clients’ SSIs and confirmation details

Contributing Responsibilities

•Direct relationships with the front office / back office colleagues.

•Build and maintain strong relationships with stakeholders across the globe in Front, Back and Middle Office

•Strong working and open relationship with local management

Technical & Behavioral Competencies

.

·       • IB Bond Operations experience preferred, essentially in Trade Support functions

·       • Competency with MS Suite, especially Excel, and the ability to learn multiple programs quickly

·       • Knowledge of and an interest in the financial markets

·       • Ability to work under pressure, handle multiple priorities and work as part of a team as well as individually

·       • Comfortable working across  various groups including Sales, Trading, Accounting, Technology & other MO Teams

·       • Prior middle office or operational experience is a must

·       • Strong control focus and aptitude (both financial and operational).

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Decision Making

Critical thinking

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to anticipate business / strategic evolution

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)