General Information
Description
Job Title: Analyst – Documentation/Drafting team
Department: Markets Operations (FXMM-OTCD)
About Business line/Function: The FX MM OTC business line drives the origination, execution and post-trade processing of all over-the-counter foreign-exchange and money-market transactions across the bank’s global client base. It delivers end-to-end trade lifecycle services—including confirmation, collateral management, DVP settlement and exception handling—while adhering to the highest standards of risk control, regulatory compliance, and operational efficiency. Leveraging a unified technology platform and a worldwide network of clearing partners, the team ensures seamless, timely and secure settlement outcomes that underpin BNP Paribas’s liquidity and pricing capabilities in the FX-MM markets.
Position Purpose:
The officer will be a part of the confirmation drafting team for Foreign Exchange, Money Market, Equity Derivatives, Credit and Interest Rate Derivatives.
Responsibilities
Direct Responsibilities
* The Drafting team is responsible for ensuring that all BNP Paribas confirmations are Dispatched to clients i.e Interbank and Corporate Clients. The team covers a wide range of products traded by the Trading desks such as Vanilla products and the more complex Structured trades.
* The Drafting team is also responsible for performing final verification of the trade economics before dispatching the final confirmations to counterparts.
* The team works closely with other Trade Processing teams, legal teams and Front Office to ensure timely communication for any booking discrepancies, template issues and outstanding confirmations.
* Also, in the light of EMIR regulation and risk reduction, the target is to match all confirmations within one day and globally to reduce the outstanding confirmations delay.
* Confirmation Drafting/Execution responsibilities:
1. To draft confirmations with counterparts for wide range of Products including Foreign Exchange, Money Market, Equity Derivatives, Credit and Interest Rate Derivatives.
2. To perform final verification of the trade economics before sending the final confirmation to counterparts
3. To support secondary events during the product life cycle such as Novation, Early Termination, etc.
4. To closely comply with EMIR, FED and Dodd-Franck regulation
5. To follow up any type of amendments requests
6. Draft and validate ISDA/AFB confirmations by referencing booking systems and term sheets for both financial institutions and corporate clients
7. Ensure confirmations are sent or suppressed in accordance with procedure
8. Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines
9. Prepare draft confirmations for potential trades as necessary
10. Ensure all correspondences are indexed into system to allow for future data retrieval
* Bring Direct contribution to BNPP operational permanent control framework
* Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
* Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
* Ensure that documentation controls are done daily, comments detailed clearly, and be responsible for reliability of records
* Ensure set KPIs are met
* Contribute to the quality of the team by:
a. keeping personal training up to date
b. highlighting processing improvement opportunities
c. assisting in the training of new entrants
* Key results areas:
a. Customer Services
b. To be customer-focused and maintain a high quality services standard
Contributing Responsibilities
* Continuous Control & Improvement:
a. To closely monitor the trade volumes and outstanding confirmations and escalate issues/concerns to the line managers
b. Contribute to the Permanent Control framework
* Projects
a. Participate to global projects related to any Documentation processes improvements.
b. Active follow up on updating procedures of Documentation processes.
* Technical & Behavioral Competencies
* Computer skills is highly a must
* Fluent English
* ISDA definitions & templates
* Ability to prepare draft confirmations for trades based on booking and term sheet
* Basic understanding of OTC products
* Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines
* Organized & good resistance to stress
* Attention to detail: the confirmation is the ultimate document which bind the bank with the counterparty, 100% correct is non-negotiable
* Self-discipline & autonomy: Each team member has its own portfolio of clients, which needs to be managed efficiently. Ability to work on its own with little supervision.
* Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constantly changing environment
* Strong Client Focus: Client is at the center of all our concerns.
* Escalation & Reporting process: all team members need to closely follow escalation rules in place with all different stakeholders. Comply with relevant regulatory targets e.g. CFTC, EMIR targets. Being able to efficiently raise issues to manager encountered daily, even if those are not forecasted in existing processes
Specific Qualifications:
* Minimum of 2 years’ experience.
* Experience in OTC Derivatives
* Bachelor’s or master’s Degree on Economics, Mathematics or Finance.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
* Ability to set up relevant performance indicators
* Ability to understand, explain and support change
* Analytical Ability
* Ability to anticipate business / strategic evolution
Behavioral Skills:
* Attention to detail / rigor
* Ability to deliver / Results driven
* Client focused
* Communication skills - oral & written
Education Level: Bachelor’s degree or equivalent
Location: Mumbai/Bangalore, India
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.
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.