Position Overview
- Title: Assistant Vice President – Repo/Bonds Settlements
- Department: Global Markets Operations – Securities Settlements (Bengaluru)
- Business Line / Function: Global Market Securities Settlements – end‑to‑end processing of Repo, Bonds and related securities (ETF, SLAB, complex securities, etc.) in line with group, regulatory and contractual rules.
- Reporting: Direct manager (functional grade AVP).
Job Responsibilities
- Trade Settlement - Instruct, match and settle Repo & Bonds transactions (and associated products) booked in Calypso on a timely, cost‑effective basis.
- Pre‑match trades daily, monitor failing trades and reduce fails/partials through pairing‑off or offering partial deliveries.
- Manage cash flows related to funding trades.
- Reconciliation & Break Resolution - Investigate and clear Nostro reconciliation breaks reported by Securities Control teams.
- Investigate and rectify depot breaks on a timely basis.
- Resolve accounting breaks raised by Securities Control & Accounting teams.
- Escalate any issue that represents operational risk to the manager promptly.
- Cost & Risk Management - Follow compliance rules and risk‑mitigation procedures (buy‑ins, market fines, penalties, etc.).
- Reduce manual instructions to agents to lower cost, manual effort, and settlement risk.
- Apply the escalation process whenever operational risk is detected.
- Department & Stakeholder Collaboration - Maintain strong relationships with traders, sales, domestic agents, custodians and other internal support functions.
- Communicate issues promptly; keep managers informed of potential problems.
- Assist other operational departments when needed.
- Continuous Improvement - Identify and propose process enhancements (think outside the box) with a cost‑benefit or ROI focus.
- Contribute to Lean & Continuous Improvement initiatives where applicable.
- Required Education - Bachelor's degree (or equivalent) in a discipline relevant to finance, economics, business, or a related field.
Skills & Experience (Must‑have)
- Experience – Minimum 12 years in securities operations, with a strong focus on Repo and Bonds settlement.
- Technical knowledge – Deep understanding of securities‑settlement workflows (pre‑ and post‑settlement, clearing, event‑related accounting) and cash‑management fundamentals.
- Microsoft Office – Advanced proficiency in Excel, VBA, Word, PowerPoint, and Outlook.
- Analytical mindset – Ability to dissect complex trade‑flow issues, investigate breaks, and communicate logical solutions to Front‑Office and internal teams.
- Risk & compliance awareness – Familiarity with operational‑risk controls, escalation/reporting procedures, and market‑risk monitoring (buy‑ins, fines, penalties).
- Communication & relationship management – Strong client‑focus, capable of liaising with traders, sales, agents, custodians and internal functions; clear and timely escalation of issues.
- Personal attributes – Highly organized, resilient under pressure, excellent time‑management, meticulous attention to detail, self‑disciplined, autonomous, and adaptable to new systems, products and processes.
- Core competencies – Innovation/initiative, strong client focus, ability to ring the bell for abnormal trade patterns, and adherence to escalation & reporting processes.
Preferred Education, Skills & Experience (Nice‑to‑have)
- Advanced education – MBA, MSc in Finance, or a comparable postgraduate qualification.
- Process‑improvement expertise – Practical exposure to Lean and Continuous Improvement (CI) methodologies.
- Technical depth – Advanced VBA/Excel modeling, experience with other settlement platforms (e.g., Murex, WallStreet Suite).
- Industry certifications – Certified Securities Operations Professional (CSOP), Financial Risk Manager (FRM), or similar.
- Product knowledge – Familiarity with ETFs, SLAB, structured and complex securities beyond standard repo/bonds.
- Language skills – Fluency in English (required) plus any additional language useful for client interaction (e.g., Hindi, Mandarin).
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity & Inclusion
We foster a workplace where every employee is respected, valued and free to bring their authentic self to work. Discrimination or harassment of any kind is prohibited. Our policies guarantee equal employment opportunity irrespective of gender, gender identity, sexual orientation, ethnicity, race, colour, national origin, age, religion, disability, veteran status or any other protected characteristic.
Join BNP Paribas industry‑leading Global Markets Operations—where we welcome talented professionals and together build the future of excellence in repo and bond settlements.
