Senior Associate – Top Day Clearing
Senior Associate – Top Day Clearing
Reference12359372
- Permanent
- IN-Karnataka-Bengaluru
- OPERATION PROCESSING
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, corporate 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 Business line/Function:
Job Title:
Sr.Associate
Date:
Department:
Listed Derivatives Clearing
Location:
Bangalore
Business Line / Function:
DEC
Reports to:
(Direct)
Manager
Grade:
(if applicable)
(Functional)
None
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
To clear and allocate Asian derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.
Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.
Responsibilities
Direct Responsibilities
- Process the reconciliation vis-à-vis the clearing house (trades, position, premium, Initial margin, variation margin, fees etc.) for various Asian markets.
- Clear and manage give- up and give- in trades in the clearing tool.
- Manage Average pricing trades accurately both in clearing and reconciliation tool.
- Exercise and closeout at the market level.
- Position transfer for various markets (sending forms to exchange)
- Reallocation of trades for top day and T+1 etc.
- Raise margin payment for various currencies
- Pre trade risk monitoring
- Monitoring position for T and t+1
- Static data setup for clearing and reconciliation tool
- Follow-up & solving client queries
- Adhere to daily checklist to ensure controls are followed
- Contributing ideas to improve the process by identifying appropriate control measures.
- Ensure importance is given to four eye validation for each activity
- Managing BAU emails/ phone calls related to Listed Derivatives
- Ensure proper documentation for the purpose of risk and audit trail
- Abiding the Service Level Agreements.
- Ability to work independently, as well as in a team environment, prioritizes multiple
tasks and meets strict deadlines.
- Highlight any unresolved open items to the respective process Managers.
- Monitor mailbox.
- Monitor checklist sign off.
- Monitor daily allocations.
Contributing Responsibilities
- Participate in brain storming sessions and share the best practices and ideas with the peer groups and team members.
- Constantly update and review procedures to keep up to date with the change in process.
- Participate in ad-hoc projects and new initiatives.
- Capture delay, internal error and external errors
- Performing a range of daily, weekly, monthly controls to ensure completeness of processing and that any inappropriate postings, incorrect matching etc. are identified and resolved promptly.