General Information
Ref #
612345678901014163
Country
India
Region
Karnataka
City
Bangalore
Contract type
Permanent
Professional Family
F15 - OPERATION PROCESSING
Description
Job Title: Director, Prime Brokerage – Markets Operations
Department: Market Operations
About Business line/Function:
Market Operations are divided into 3 product value chains & 3 cross-business departments. Trade Processing – Listed Derivatives, Securities and Prime and FXMM & OTCD Support are the product chains with Cross Business Lifecycle, Collateral & Treasury Forecasting and Liquidity Monitoring and Valuation & Transversal Services being the cross-department functions.
We aim to streamline processes, ensure service continuity, deliver best-in-class client service, lead innovative operations and foster expertise and innovation among our teams in a rapidly evolving context.
Position Purpose:
Within Markets Operations, this role will serve as the senior manager hands on involvement of all daily activities within the Prime Brokerage Operations Team. In this capacity, the role will guarantee that the department operates efficiently and effectively, while aligning with and advancing the Prime Brokerage strategy and championing operational excellence to satisfy the requirements of both clients and stakeholders involving Cash Payments, Settlements, End to End Lifecycle, Client Onboarding/services, Billing & Relationship Management on the Prime Brokerage Business.
Should be open to Night Shift
Responsibilities:
Direct Responsibilities:
Operational Leadership:
- Ensure the smooth execution of daily operations, including trade execution, settlement, and client support involving Cash Payments, Settlements, End to End Lifecycle, Client Onboarding/services, Billing & Relationship Management on the Prime Brokerage Business.
- Provide strategic direction and leadership to the Prime Brokerage Operations team.
- Develop and implement operational strategies aligned with the overall business objectives.
Process Improvement:
- Identify areas for operational improvement and implement best practices.
- Streamline processes to enhance efficiency, reduce costs, and improve service quality.
- Monitor and analyze operational metrics to identify trends and areas for improvement.
Risk Management:
- Develop and implement risk management strategies to mitigate operational risks.
- Ensure compliance with regulatory requirements and internal policies.
- Conduct regular risk assessments and audits to identify and address potential risks.
Client Relationship Management:
- Build and maintain strong relationships with clients to understand their needs and provide exceptional service.
- Ensure timely and accurate execution of client trades and settlements.
- Provide regular updates and reports to clients on their portfolio performance and operational activities.
Team Management:
- Lead, motivate, and develop a high-performing team of operational professionals.
- Foster a culture of continuous learning and professional development.
- Recruit, hire, and onboard new team members to support departmental growth.
Stakeholder Engagement:
- Collaborate with other departments, including Trading, Finance, and Compliance, to ensure seamless operations.
- Engage with external stakeholders, such as brokers, custodians, and market participants, to enhance operational efficiency and service quality.
Performance Management:
- Set performance goals and metrics for the Operations team.
- Conduct regular performance reviews and provide constructive feedback.
- Recognize and reward outstanding performance and contributions.
Technical & Behavioral Competencies
- Minimum of 15+ years of experience in a senior operational role within a financial institution, investment bank and hands on experience in managing prime brokerage operations.
- Expertise in Prime Brokerage (Cash Payments, Settlements, End to End Lifecycle, Client Onboarding/services, Billing & Relationship Management)
- Experience in managing a team of operational professionals.
- Strong knowledge of financial markets, trading operations, and settlement processes.
- Strong leadership and management skills.
- Excellent analytical and problem-solving skills.
- Proficiency in risk management and compliance.
- Excellent oral and written communication skills; ability to influence multiple stakeholders.
- Strong organizational skills and ability to prioritize.
- Innovative - constantly identifying gaps in process and seeking improvements
- Self-motivated and results oriented with an ability to work under pressure
- Ability to work under pressure and meet tight deadlines.
- Proficiency in financial software and tools.
Specific Qualifications:
Expertise in Prime Brokerage (Cash Payments, Settlements, End to End Lifecycle, Client Onboarding/services, Billing & Relationship Management)
Skills Referential (Required knowledge, skills and abilities)
Behavioral Skills:
- Ability to collaborate / Teamwork
- Decision Making
- Critical Thinking
- Ability to pass / share knowledge
Transversal Skills:
- Analytical Ability
- Ability to understand, explain and support change
- Ability to develop and adapt a process
- Ability to develop and leverage networks
- Ability to anticipate business / strategic evolution
Education Level: Bachelor’s degree in finance, Business Administration, or a related field. A master’s degree or MBA is preferred.
Experience Level: At least 15+ years
Location: Bengaluru
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.