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 specialised 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

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:

Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals - P&L and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community.

Job Title:

Vice President – US Lead 

Date:

2024

Department:

COCE Product Control

Location:

Bengaluru

Business Line / Function:

COCE Product Control

Reports to:

(Direct)

Director

Grade: 

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

TBD

Directorship / Registration:

NA

Position Purpose

The US Trade Validation is accountable for the delivery of the Trade Validation Activities within the OTC & Securities  Trade Validation team which processes any OTC , LD & Securities  Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. 

This role implies a very strong collaboration & functional alignment with regional and global stakeholders to execute and further deploy and improve the Target Operating Model and Platform strategies for OTC TV  & Sec TV.

This role entails a high level of interaction with regional/global functional leads, business stakeholders and senior management within IT and Operations

Responsibilities

TRADE SUPPORT MAIN FUNCTIONS :

Detailed description of the role:

1. Operations Process Framing around Quality & Timely delivery & Operational Risk Excellence
 
 

Provide operational expertise to define solution that meets / exceeds the operations & regulatory needs

Assess the feasibility & identify the setup along with the appropriate level of controls from an ITO perspective to support exceptional transaction or new activities

Minimize operational failure, including but not exclusively, the risk of fraud, by implementing sufficient regular controls, by measuring operational risk & taking actions to maintain it at an acceptable level.

Ensure appropriate escalation to management & /or Permanent Control (or compliance as appropriate) as soon as an issue remains unsolved beyond & above what can be reasonably handled within the considered remit.

Capacity planning and management of deliverables and risk based prioritization

Good Client Service

2. Change Management & Continuous Improvement
 
 

a) Drive continuous improvement to review & streamline operations processes to converge towards better STP Rate, to improve Turn-Around Time & to minimize error rates
 b) while not interfering on OPC & Risk ORC mandate, challenge existing controls plan with the aim of continuously minimizing residual risks
 c) Propose / Contribute to new systems/features deployment & coordinate with IT & regional management teams. 

 
 3. Transitions / Projects
 a) Actively contribute / lead in projects / initiatives driven by central and/or regional Global Market & ALMT Operations and/or Business
 b) Manage key transformation projects (Transition, Dual Office, etc.) bringing them to a successful conclusion (quality/cost/delay) by a close coordination of ITO departments & other functions involved to achieve the objectives initially set.
 c) Manage the move towards Smart ways of working with a combination of flexible work arrangements and hybrid work from home scenarios
 d) Active contribution or participation to relevant TAC/NAC impacting ISPL OTC TV & SEC TV Operations processes.

4. People

a) Provide leadership and direction to OTC TV & SEC TV Team, set conditions and manage its resources in order to optimize the services to our key (internal and external) client needs within determined strategy and budget.
 b) Develop OTC TV & SEC TV team towards production excellence
 c) Work with business stakeholders to develop a strong expertise & knowledge on end to end process / delivery.
 d) Create a credible succession for key roles within the remit
 e) Promote, within India Product Control, a mindset around accountability, continuous improvement, client focus, change management & innovation

Technical & Behavioral Competencies

· Basic knowledge in OTC , Listed Derivative Products & Securities markets

· Deep knowledge of Middle Office Support functions

· At least 15+ years in an operational support position 

· Able to work under pressure and ability to prioritize

· Innovative - constantly identifying gaps in process and to seek improvement

· Ethics and Control must have good work ethics and risk / control mind set. 

· Communications ability to communicate effectively within the team and Front Office

· Collaboration ability to work well with others especially in day to day resolution and escalation of issues

· Project management skills 

Specific Qualifications (if required)

NA

Skills Referential

BehaviouralSkills: 

Decision Making

Attention to detail / rigor

Organizational skills

Ability to collaborate / Teamwork

Transversal 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 a project

Education Level: 

 Master Degree or equivalent

Experience Level

At least 15 years

Other/Specific Qualifications (if required)