Senior Associate / Assistant Manager – US Rates Trade Support

July 4, 2024

Senior Associate / Assistant Manager – US Rates Trade Support


  • Permanent
  • IN-Maharashtra-Mumbai
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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 :

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:

Senior Associate / Assistant Manager




COCE Product Control



Business Line / Function:

COCE Product Control

Reports to:


Head of team


(if applicable)




Number of Direct Reports:


Directorship / Registration:


Position Purpose

Trade Support is in charge of the proper representation of trades within booking systems at any time of their lifecycle

  • Controls and/or processes trade capture in FO/MO/BO systems
  • Monitors and processes trade events
  • Investigates on trade feeds, confirmations and payments in case of requests raised by other Operation teams



  • Ensure that Rates Derivatives / Exotics trades booking are in line with external source (termsheets from Front office) and rectify discrepancies on the same day
  • Monitor and process option exercises and special events
  • Post amendments, market events and cancellations
  • Resolve queries from different operations and other stakeholders
  • Assist Front Office in ad-hoc rebooking requests and update in Middle Office systems.


  • Comply with internal and external regulatory and compliance requirements
  • Ensure all controls are in place and reconciliations front-to-back are investigated and reconciled:
  1. Emails from Back offices, Middle offices and IT are investigated
  2. Emails from Credit Risk control are investigated
  3. Abnormal Trading are investigated and accounted
  4. Ensuring trades are booked timely and accurately on trade date
  5. Account for missing booking and escalate when necessary
  6. Checking of daily reports

Contributing Responsibilities

  • Contribute to the Permanent Control framework.
  • Main contributor for team project.

Technical & Behavioral Competencies

  • Basic knowledge in Interest Rates Derivatives products (IRS, CCS, FRA, Swaption, Bond options, Futures etc)
  • Deep knowledge of Middle Office Support functions
  • Understanding the economical requirements linked to the cessation of the Libor
  • Murex knowledge preferred
  • Able to work under pressure
  • Possess great team spirit but yet can work independently, and is able to train her/his teammates
  • Confident and possess good communication and interpersonal skills
  • Project management skills

Specific Qualifications (if required)


Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Attention to detail / rigor

Organizational skills

Ability to collaborate / Teamwork

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to manage a project

Education Level:

Master Degree or equivalent

Experience Level

At least 4 years

Other/Specific Qualifications (if required)


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