Senior Associate – Market Data

April 18, 2024

Senior Associate – Market Data

ReferenceCIB008379

  • Standard / Permanent
  • IN-MH-Mumbai
  • OPERATION PROCESSING
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Job DescriptionFinance Operating Platform (Sr. Associate – Market Data)

 

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

 

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.

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 Business Line/Function :

Financial Operating Platform :

Strong presence across the globe with a proven track record of delivering quality service, within the expected Turn Around Time (TAT) and with ability to challenge Status Quo and share Best Practices. Core activities includes processing of Vendor invoices, Employee claims, Intercompany Invoicing, Procurements, Vendor/Employee set-up, Accrual Management & Application support.

 

 

 

Job Title:

Sr. Associate

Date:

17/04/2023

Department:

FOP

Location:

Mumbai

Business Line / Function:

CIB

Reports to:

(Direct)

Manager

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Nil

Directorship / Registration:

NA

Position Purpose

Manage, organize and supervise the Market Data Administration Competency Center in India, under the responsibility of MDCC global lead manager

Responsibilities

  • Main tasks that will be performed in the Competency Center:
  • Demand management                
  • Request management
  • Inventory management
  • Invoice analysis & Accruals/deferrals process
  • Customized reporting
  • Vendor reporting requirements
  • Budgeting
  • Ensure activities of the Competency Center (CC) are properly handled with an optimal balance between productivity, costs, risk and quality.
  • Take responsibility and be responsible for the CC’s operational process.
  • Actively contribute to the preparation, implementation and monitoring of the business strategy and objectives.

Key tasks

  1. Ensure that the day-to-day local operations of the CC for which he assumes responsibility.

·       Set and measure priorities within the CC in accordance with MDCC global lead manager.

·       Allocate resources in the most cost-effective manner, based on workload and skills.

·       Resolves operational problems within the limits defined by management and, if necessary, provides timely feedback on problems beyond management’s control.

·       Report problems, status and propose solutions to MDCC global lead manager.

  1. Controls the quality of services provided and the costs and risks associated with CC activities.

·       Process KPI on quality, load and risk to monitor CC’s activities.

·       Take corrective action if problems occur & communicate accordingly.

·       Develop and implement control activities, with regards to Market Data contracts, to control operational and financial risks.

·       Monitor and assume SLA’s responsibility with internal clients.

·       Follow contingency procedures for critical activities within CCs.

  1. Ensure the management, motivation, evaluation, training and professional development of staff in order to have the skills required internally.

·       Create, maintain and inspire a dedicated and motivated team.

·       Organize work to enable team members to acquire new skills, starting with the objectives of the Business and the personal skills of those who are directly dependent on it and team members.

·       Promote, within the team, exchanges of views and knowledge regarding projects, architecture, systems & processes.

·       Hold regular team meetings with CC staff to manage their personal expectations. These meetings will be held at least once every month.

·       Use specific development programs to motivate these people and high potential collaborators.

·       Assign a job description to each team member to obtain the most appropriate human resource profiles and allocation.

·       Evaluate teams formally and informally and provide adequate follow-up evaluation.

·       Organize an integration process for new team members.

  1. Communicate upstream and downstream with appropriate messages.

·       Regular reporting on the BAU tasks to the MDCC global lead manager.

·       Communicate important communications from team members to the hierarchy.

·       Structure the communication channel for team members, communicating objectives, strategies and decisions in a systematic and clear manner.

·       Organize communication with the project partners, planning of development progression capacities.

 

Technical & Behavioral Competencies

  • Excellent academic background to at least degree level.
  • Strong team management experience.
  • Good Knowledge and understanding of the finance systems and invoices process.
  • Results driven & detail-orientated – delivers high quality, and high impact work.
  • Strong organizational skills – ability to multitask and prioritize based on potential impact.
  • Capacity to analyze issues, prioritize based on potential impact, synthesize findings and communicate them in an effective manner; ability to rapidly propose solutions to solve them.
  • Excellent interpersonal skills – ability to liaise in a professional manner with all levels of staff / management.
  • Flexible, enthusiastic and hands-on approach.
  • Proven ability to work autonomously.
  • Languages: Hindi, English. French will be a real advantage.

Technical competencies

  • Market Data, Administration or Finance & Accounting background.
  • Project Management – previous experience in being part of large and/or diverse projects.
  • Market, product & business –Is genuinely interested in financial markets and continually learning and staying abreast of new developments.
  • Powerpoint / Excel skills – very proficient in use of such tools.
  • Knowledge of Calero MDSL third party cost management software (MDM) or equivalent tool would be a plus.
  • Market Data, Administration or Finance & Accounting background.
  • Project Management – previous experience in being part of large and/or diverse projects.
  • Market, product & business –Is genuinely interested in financial markets and continually learning and staying abreast of new developments.
  • Powerpoint / Excel skills – very proficient in use of such tools.
  • Knowledge of Calero MDSL third party cost management software (MDM) or equivalent tool would be a plus.

Core Competencies

 Client focus – sees stakeholders as well as internal clients as “customers”.

  • Drive for results – delivers high quality work.
  • Corporate role model, integrity & ethics – Acts with discipline and high ethical standards.
  • Team player & cross-cultural awareness – works effectively in a team. Communicates and shares information and solutions with colleagues, with other teams and stakeholders.

Specific Qualifications (if required) : Master’s Degree in Business Administration

Experience Level:

At least 3 years

Other Qualifications:

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