Senior Associate | DEC Clearing

DEC -Clearing

About BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 1++,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Business line/Function:

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

Job Title:

Senior Associate - DEC-Clearing

Date:

2024

Department:

DEC- Clearing

Location:

Mumbai

Business Line / Function:

Derivatives Execution & Clearing Operations

Reports to:

(Direct)

Manager

Grade:

(if applicable)

NA

(Functional)


Number of Direct Reports:

NA

Directorship / Registration:

NA


POSITION PURPOSE
The candidate would be Part of Derivative Execution and clearing team, working along with the DEC Market Fees Reconciliation and Brokerage team. The role would concentrate to clear and allocate exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.

The role requires a high level of attention to detail, to ensure BNPP SA’s external end client fees are validated and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.

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.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Middle-office

Be the 1st point of contact for all counterparties (clients, brokers, CCPs) with regards to trade allocation/clearing
Follow up of pending trades closely and ensure all clients trades are booked at T day
Perform timely reconciliation between internal systems and Exchanges ones
Identify, assess, monitor and control the risks of the activity
Back office

Ensure appropriate extraction of different CCP rates by collating from multiple golden sources
Upload all the interest rates in periodic intervals into UBIX post validation
Ensure specifications for each interest rates are adhered by referring the procedure docs
Monitor and communicate the upload status to wider audience after each upload.
Perform reconciliation between fee schedule and EAG setups
Ensure that all clients related issues, queries and request are addressed in an efficient, accurate and timely manner.
Participate in projects to drive the business forward to deliver internal or market system releases (Market releases, MO/BO tools enhancementS).
Risk control

Monitor activity progress against the goals and take appropriate corrective action as and when it is required
Control and ensure that all tasks are processed accurately and on a timely manner
Identify risk, suggest implementation of a first level of control.
Contributing Responsibilities

Deal with client and brokers issues escalated by the team and share it with the management when appropriate
Participate in client visits (if required) and conference calls
client focus
Collaborate /Liaise with other BNPP teams/stakeholders.
Ensure that procedures are updated and validated on a timely manner
Perform and updated the status of the assigned tasks in the daily task checklist.
Breaks analysis and dispute resolution
TECHNICAL & BEHAVIORAL COMPETENCIES
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
Knowledge of Exchange Traded derivative products /ETD Clearing.
Experience of the commodity exchanges’ and CCPs’ platforms - preferable though not required
Flexibility to accommodate business requirements and working hours.
Ability to use Excel at an intermediate level - essential
Excellent numerical and analytical skills - essential
Ability to analyse large volumes of data
High attention to detail and quality focused
Be comfortable with escalation and managing issues as they arise
Forward thinking and proactive with the ability to question process
Ability to work under pressure
Team Player
SPECIFIC QUALIFICATIONS (IF REQUIRED)
Bachelor’s degree from a college or university
Strong Communication skills and client focus oriented
Fundamental understanding of clearing /Futures & Options markets.
Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)


Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Above 5 years

Other/Specific Qualifications (if required)

NA


PRIMARY LOCATION

IN-MH-Mumbai
JOB TYPE

Standard / Permanent
JOB

OPERATION PROCESSING
EDUCATION LEVEL

Bachelor Degree or equivalent (>= 3 years)
EXPERIENCE LEVEL

At least 5 years
SCHEDULE

Full-time
REFERENCE

OPE002631
APPLY
(REF: OPE002631)