About BNP Paribas India Solutions
Established in 2005, BNP Paribas India Solutions is a wholly‑owned subsidiary of BNP Paribas SA, the European Union's leading bank with an international reach. With delivery centres in Bengaluru, Chennai and Mumbai, we operate a 24 × 7 global delivery model. India Solutions serves three business lines – Corporate & Institutional Banking, Investment Solutions and Retail Banking – for BNP Paribas worldwide. Harnessing the potential of more than 10,000 employees, we deliver best‑in‑class solutions that drive innovation and growth.
About BNP Paribas Group
BNP Paribas is the EU's leading bank and a key player in international banking. The Group operates in 65 countries and employs nearly 185 000 people, including more than 145 000 in Europe. Its three main activity areas are:
Commercial, Personal Banking & Services – covering retail, SME and corporate banking, plus specialised businesses such as BNP Paribas Personal Finance and Arval.
Investment & Protection Services – providing savings, investment and protection solutions.
Corporate & Institutional Banking – serving corporate and institutional clients.
Through a diversified, integrated model, the Group helps clients—from individuals and community associations to entrepreneurs, SMEs, corporates and institutions—realise their projects via financing, investment, savings and insurance solutions.
In Europe the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey and Eastern Europe. It also maintains a strong presence in the Americas and a fast‑growing business in Asia‑Pacific. BNP Paribas integrates corporate‑social‑responsibility principles across all activities, contributing to a sustainable future while preserving performance and stability.
Commitment to Diversity and Inclusion
At BNP Paribas we passionately embrace diversity and are committed to fostering an inclusive workplace where every employee is valued, respected and can bring their authentic self to work. Discrimination and harassment of any kind are prohibited. Our policies promote equal employment opportunity for all employees and applicants, irrespective of (but not limited to) gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disability, veteran status, etc. We believe that a diverse and inclusive workforce is essential to serving our clients and the communities in which we operate.
Business Line / Function: Derivative Execution & Clearing
Position Purpose
The successful candidate will join the Derivative Execution & Clearing (DEC) team and work closely with the DEC Market Fees Reconciliation and Brokerage unit. The role focuses on clearing and allocating exchange‑traded derivatives on behalf of clients and ensuring that all day‑trade activities are cleared and reconciled with the clearing house by the end of the business day.
Key Responsibilities Include
- Validating BNPP SA's external client fees and processing any required corrections or amendments in line with established procedures.
- Managing large volumes of trade data – using Excel to summarise, drill down and independently investigate discrepancies.
- Collaborating with team members to achieve common goals, generating creative solutions, planning work ahead, and prioritising tasks in an organised manner.
- Supporting a range of financial and non‑financial activities that protect the company's revenue, including processing incoming payments and issuing the necessary documentation.
Responsibilities
Direct Responsibilities
- Direct communication and interaction with clients and business partners.
- Calculation of margin and interest for client‑exchanged traded derivatives (ETD) – including initial margin (IM), variation margin (VM) and realignment of origin.
- Account balancing and cash‑management activities.
- Wire‑transfer processing – reviewing client accounts for deficits or excesses.
- Settlement of non‑cash collateral custody accounts.
- Securities‑inventory balancing.
- Nostro‑break reconciliation and investigation.
- Daily regulatory review and oversight.
- Interpretation of SWIFT messages.
- KPI reporting and trend analysis.
- Management of regulatory and audit inquiries.
- Implementation and monitoring of operational controls.
- Data‑entry tasks.
- Contributing Responsibilities
- Deliver results that impact the division and influence peers.
- Exercise sound judgement on complex decisions with limited guidance.
- Drive outcomes that have a meaningful effect on the team or department.
- Build trust with department leaders and act in a leadership capacity on large projects, processes or programmes.
- Build relationships with intermediate and senior colleagues or clients; interact regularly with management.
- Persuade and influence stakeholders at the team level.
- Uphold a strong compliance culture and conduct standards.
Education, Qualifications & Skills Required
- Bachelor's degree with minimum 2 year of experience in margining of exchange‑listed products.
- Knowledge of exchange‑listed products, derivatives, capital‑markets trading, operations, execution or trade processing.
- Experience wiring funds via SWIFT messaging.
- Experience interacting with clients and various lines of business.
- Proven ability to reconcile disparate data sources.
- Advanced Microsoft Excel skills (VLOOKUP, pivot tables, formulas, etc.).
- Understanding of collateral transfers.
- Knowledge of CCP margin calculations.
- Awareness of CFTC regulations.
Behavioural Skills
- Decision‑making,
- Collabration
- Teamwork
- Attention to detail
- Sense of urgency
