Job Title: Business Analyst

Department: CIB GM IT

About Business Line/Function

The Global Markets (GM) business of BNP Paribas helps its Corporate and Institutional clients leverage capital markets across the globe for their financing, risk management and investment needs. This encompasses a wide range of financial products ranging from foreign exchange to complex Equity Derivatives that are traded in financial markets across the globe 24/7.

IT systems are integral to the business and are a key part of the value proposition to clients. These IT systems range from industry standard products for standard process automation to internally developed, often, market leading IT applications.

The IT teams owning these IT systems are made up of functions that include Technical and Application production support, Business Analysis & Project Management, Development & Maintenance and Quality Control. BNP Paribas India Solutions is an equal partner in these IT functions along with colleagues in other locations including Paris, London, New York, Tokyo, Singapore & Hong Kong. This partnership ranges from sharing the IT workload, executing global strategy to owning global applications offshore. The technology and engineering landscape is wide, encompassing almost all techniques and platforms. It continues to evolve and transform with the market with the business continuing to invest in it.

Position Purpose

The Lead Business Analyst, Global Market OTC Derivative will be a key contributor to the firm's strategic initiatives, acting as a liaison between front-office trades, operations, risk management, and technology teams. This role requires a deep, end-to-end understanding of the OTC derivatives trade lifecycle, from execution and trade capture to settlement, valuation, and regulatory reporting. The successful candidate will lead the analysis and delivery of complex IT solutions and process improvements that support and enhance the global OTC trading desk.

These applications are manned by a team of Business Analysts, Developers and Testers, spread across London, Paris, Singapore and India, with program management in London. The team is made of very senior technicians and analysts globally, who create tools and support the functional application teams by being leaders on matters of technology.

Agile Scrum methodology has followed as SDLC. The position will be working as a part of the scrum taking on roles of Business analyst or Scrum master as required.

Responsibilities

Direct Responsibilities

Strategic Project Leadership: Lead and manage complex project for OTC derivative business initiatives from ideation to delivery, working in an Agile.
Business Requirement Analysis: Elicit, analyse, and document complex business requirements from global stakeholders, creating functional specifications, user stories, and acceptance criteria.
Stakeholder Management: Act as a primary point of contact for senior-level stakeholder across trading, risk, operations, and IT to ensure alignment and drive consensus on business needs and strategic direction.
Expert Analysis and Solution Design: Perform in-depth analysis to identify business gaps, optimize front-to-back processes, and design effective system and process solutions that mitigate risk and increase operational efficiency.
Trade Lifecycle Management: Utilize extensive knowledge of the OTC trade lifecycle, including trade booking, confirmation, clearing, settlement, collateral management, and other post-trade events.
Regulatory Compliance: Translate complex global regulatory requirement (e.g. EMIR, DF, MiFID, KRX and so on) into functional system requirement and implement solution that ensure compliance.
Quality Assurance and Testing: Oversee and participate in the creation and execution of detailed test cases and user acceptance testing (UAT) to validate that solution meet business requirements.
Mentorship and Coaching: Guide and mentor team members on derivative products and best practices for system analysis and delivery.

Continuous Improvement: Proactively monitor market trends, technology, and industry best practices to recommend and implement process and system enhancements.

Contributing Responsibilities

Team player.
Effectively communicate with stakeholders.
Adhere to timelines set for delivery.
Open to new technology adaptions, learning and implementation within the project.
Maintain the team practices and processes, retrospectives.
Status reporting to technical and functional managers.

Technical & Behavioral Competencies

Working experience in Financial Markets & Trading Platforms (OTC derivative products predominantly Interest Rate Derivatives), Trade Life Cycle and familiarity with underlying data.
Understanding of Front Office/Middle Office/ Back-office functions.
Strong analytical and investigative skills - Understand and efficiently analyze information/requirements from multiple sources.
Demonstrated leadership ability in project management, team coordination, and driving strategic change.
Experience in writing BRDs and FSDs.
Very Good knowledge of RDBMS / SQL.
Possess the ability to explain and articulate solutions and work constructively with others including more senior and junior members in the team to implement the same.
Good to have experience of IBM MQ.
Demonstrate the ability to show initiative and take the lead solving business focused analytics problems.
Have a can do attitude that focuses on resolving the overall problem in the medium and long term as well as meeting the short-term objectives.

Willingness and ability to put effort even when not explicitly requested to do so.

Specific Qualifications

12 to 15 years of experience as a Business Analyst in capital markets, with extensive hands-on experience in OTC derivative.
Deep knowledge of OTC derivative products across multiple asset classes, including LMB, equity, rates, and credit derivatives.
Significant experience with core OTC derivative systems and platforms (e.g. Calypso, Murex, vendor systems) and tools for confirmation (e.g. Markitwire, DTCC).
Strong IRD knowledge.

Technical Skills

Skills Referential (Required knowledge, skills and abilities)

Very Good knowledge of RDBMS / SQL
Experience in writing BRDs and FSDs
Good to have experience of IBM MQ
Python (good to have)

Behavioral Skills

Ability to collaborate / Teamwork

Decision Making
Creativity & Innovation / Problem solving
Communication skills - oral & written
Ability to share / pass on knowledge

Education Level: Bachelor Degree or equivalent

Location: Bangalore.

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, 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 24x7 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. 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.

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