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Senior Associate will be responsible for performing daily tasks related to OTC valuation & Booking teams carried out in the MFS department. He/ She will be working closely with offshore management, Front office, Account managers, external vendors as part of their daily tasks and will report to local management in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the OTC derivative business along with good knowledge on OTC products & Booking, Corporate action, Trade Settlement, Trade life cycle, Collateral management is required.
Responsibilities
-Processing OTC Derivative trades in internal systems manually and validate them accordingly.
-Providing trade notifications to third parties such as fund trustees.
-Resolving trade-related exceptions and investigate them until closure.
-Involve in few supervisory controls related to BAU during absence of supervisors/TL.
-Take ownership in BAU issues and work closely with Supervisors to resolve it. Involve in new process migration testing, new product testing from time to time.
-Liaison with the Counterparties and settling the cash flows.
-Liaison with the Paris OTC hub team, internal teams to resolve the breaks.
-Query resolution in accordance with time frames set out in Client SLA's.
-Handle valuation exceptions/breaks and investigate thoroughly before feeding the prices to downstream teams.
-Work with the Vendors and other parties to capture OTC Valuations.
-Resolve pricing / trade booking issues in a timely basis.
-Ensure all errors/break down of procedure are documented as per BNPParibas policy.
-Escalating exceptions to appropriate processing team for resolution.
-Reporting of exceptions in line with internal control and external client requirements.
-Contributing to the team success.
-Interact with both internal and external parties to resolve pricing / trade booking issues and queries.
-Proficient in Microsoft Office Applications and strong MS Excel skills required. Thorough understanding of all Derivative product classes
-Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
-Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
-Extensive experience of working within Derivative operations.
-Thorough understanding of all Derivative product classes.
Knowledge and skills required
-Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
-Identify Operational Risk Areas within the Client Business Revenue Process.
-Supervise, Monitor, Control and Co-ordinate all activities in the department.
-Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
-Proficient in Microsoft Office Applications and strong MS Excel skills required.
-Experience of operations in a Fund Management, Custody, Reconciliation like cash and collateral.
-Extensive experience of working within Derivative operations.
-Thorough understanding of all Derivative product classes.
-Process accurate OTC pricing / Trade booking on a Global basis within given deadlines.
-Query resolution in accordance with time frames set out in ClientSLA's
-Work with the Vendors and other parties to capture OTC prices.
-Resolve pricing / trade booking issues in a timely basis.
Skills Referential
BehaviouralSkills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to deliver / Results driven
Ability to share / pass on knowledge
Transversal Skills:(Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training
Education Level:
Bachelor Degree or equivalent
Experience Level
Beginner
Other/Specific Qualifications(if required)
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.
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:
BNP Paribas IT teams are providing infrastructure, development and production support services to all applications used worldwide by all business lines. There is a great variety of technologies and infrastructures from legacy systems to cutting edge Cloud technologies.
Within BNP Paribas Group IT, teams are organized in several divisions called “APS” which are each responsible for a business line.
French Retail Banking
Personal Finance
Payments
Group Functions.
The current position is to be filled within Personal Finance APS team.
CTO Personal Finance is responsible of the Production for Personal Finance, either Application Production, Infrastructure and/or Production Security. The organization relies on Producers (BP2I, CIB ITO, Local Producer) for Infrastructure services and platforms. The CTO manages Application Production for Personal Finance
Manage Production environment for applications, guaranteeing quality & stability for Business, relying on Data.
Frame & run conditions to consume infrastructure services for applica
Job ID: 107203533
