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 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, color, 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:

DEC and LD operations is part of CIB / Global Market Operations globally. Locally it is part of India services. Operations team is further divided into multiple functional pillars which provide service to the DEC and LD business that caters to the clients across the globe, helping them with trades and margins related to Futures, Options and commodities and other types of derivative contracts.

The team is responsible for smooth running of day-to-day operations, processing activities such as confirmation, allocation, clearing, settling margin calls, reconciling trade, positions, cash market fees, brokerage. Team provides support across all regions APAC/EMEA/US. This team works very closely with other platforms and hub locations notably Lisbon, Singapore, London and US.

Job Title:

Assistant Vice President

Date:

Department:

DEC and LD operations

Location:

Bangalore

Business Line / Function:

CIB/GM/DEC and LD ops

Reports to:

(Direct)

Vice President 

Grade: 

(if applicable)

(Functional)

None

Number of Direct Reports:

 NA

Directorship / Registration:

NA

Position Purpose

Reporting to the ISPL DEC Manager this role is in charge of the Control framework, definition and oversight of the local processes. Acting as a key SME for DEC and LD OPS in India, the incumbent will have to ensure that a robust, efficient and compliant processes are in place across all functional domains and aligned with other regions. 

Direct Responsibilities

·  Direct communication and interaction with clients and business partners

·  Client margin and interest calculations

·  Account balancing 

·  Cash management 

·  Wire transfer processing

·  Non-cash collateral custody account settlements

·  Securities inventory balancing 

·  Nostro break reconciliation investigation 

·  Daily regulatory review and oversight 

·  SWIFT message interpretation

·  KPI Reporting and trend analysis

·  Regulatory and audit inquiry management 

·  Operational control implementation and monitoring

·  Data entry  

Minimum Required Qualifications

·  Bachelor degree  

·  At least 15 plus years of experience in the margining of exchange listed products

·  Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing 

·  Experience in wiring funds via SWIFT messaging

·  Experience interacting with clients and various lines of business 

·  Experience reconciling separate data points and sources

·  Microsoft Excel (Vlookup, Pivot tables, formulas, etc.) 

Preferred Qualifications: 

·  Some technical specifications knowledge across multiple systems and web interfaces 

·  Microsoft Excel macro knowledge 

·  Understanding of collateral transfers 

·  Knowledge of CCP margin calculations

·  Knowledge of CFTC regulations 

FINRA Registrations Required: 

• N/A

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): No

Technical & Behavioral Competencies

• Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
• Take Accountability and Ownership, Having good control and analytical mindset 
• In depth practical and theoretical understanding of DEC and LD lifecycle 
• Good knowledge of Exchange Traded derivative products /ETD Clearing.
• Experience of the commodity exchanges and CCPs’ platforms 
• Flexibility to accommodate business requirements and working hours.
• Ability to use Excel at an intermediate level - essential
• Excellent numerical and analytical skills - essential 
• High attention to detail and quality focused
• Be comfortable with escalation and managing issues as they arise
• Forward thinking and proactive with the ability to question process 
• Ability to work under pressure

Specific Qualifications (if required)

• Bachelor’s degree from a college or university 
• Strong Communication skills and client focus oriented
• Fundamental understanding of clearing /Futures & Options markets.
• Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level: 

Bachelor’s degree or equivalent

Experience Level

15 plus years

Other/Specific Qualifications (if required)

NA