Job Title: AVP ( FXMM‑OTCD Settlements)

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 FXMM Derivative & Bonds Back Office is seeking a highly motivated and experienced Vice President to join the BNP Operations team. The role is responsible for managing and providing functional supervision to settlement teams for FX, Money‑Market and Bonds products. The focus is on meeting pre‑defined SLAs, monitoring and escalating key issues, and driving proactive partnership with the business and external parties through product‑ and process‑expertise, while collaborating with functional leads.

Responsibilities

Direct Responsibilities

• Ownership and accountability of Bonds, Derivative and FX trade settlement and accounting processes.
• Ensure timely settlement of time‑critical payments (internal and external).
• Build and maintain Business Continuity Planning (BCP) and Operational ERS programs.
• Review, own and resolve key risk and control issues; drive continuous process improvement.
• Interact with senior management to ensure transparency and delivery of business requirements.
• Supervise overall service delivery, managing risk and strategy for effective business delivery.
• Monitor, manage and appropriately escalate KRIs.
• Serve as the primary escalation point for controls, governance, change strategies and tech automation.
• Develop and implement department‑wide policies and procedures; direct day‑to‑day operations.
• Ensure adherence to governance, compliance, risk policies and procedures; enable staff escalation where needed.
• Review existing processes to improve performance, efficiency and risk management.
• Conduct complex analysis to enhance straight‑through processing, client experience, regulatory performance and competitive standing.
• Participate as an active member of the management team on global footprint and strategic direction matters.
• Lead firm‑wide people initiatives, especially within ISPL, and replicate best practices.
• Participate in external market developments and initiatives.
• Maintain detailed understanding of regulatory changes and their impact on managed functions.
• Represent BNP Paribas at industry forums, positioning the firm as a leader and driving industry change.
• Manage operational costs to stay within budget and identify cost‑reduction opportunities without compromising performance.

Contributing Responsibilities

• Support the implementation of technology solutions and automation initiatives.
• Mentor and develop team members, fostering a culture of inclusion and high performance.
• Collaborate with cross‑functional partners (risk, compliance, technology, client coverage) to resolve issues and improve end‑to‑end processes.
• Contribute to the design and delivery of training and knowledge‑sharing programs.

Technical & Behavioral Competencies

• In‑depth knowledge of Bonds, FX Money‑Market and OTC Derivatives products and settlement lifecycles.
• Strong grasp of regulatory requirements and risk‑management principles.
• Experience with Business Continuity Planning, Operational ERS, and straight‑through processing.
• Ability to analyze complex operational data and drive process optimization.
• Proficiency with operations technology and systems (e.g., settlement platforms, monitoring tools).
• Leadership & people‑management 
• Excellent communication and stakeholder‑management skills.
• Strong analytical and problem‑solving abilities.
• High adaptability in fast‑paced, high‑pressure environments.
• Collaborative mindset with a focus on driving change and continuous improvement.

Specific Qualifications:

• Bachelor’s degree in Finance, Economics or a related field (required).
• Minimum 15 years of operations experience, with at least 5 years in FXMM and OTC derivatives.
• Demonstrated experience managing teams 
• Proven expertise in Bonds, FXMM and OTC derivatives processes.
• Strong understanding of regulatory frameworks and risk‑management.
• Excellent analytical, problem‑solving, communication and interpersonal skills.
• Ability to work efficiently under pressure.
• Experience with operations technology and systems is a plus.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Settlement processing – Bonds, FX, Money‑Market & OTC Derivatives
• Business Continuity Planning (BCP) & Operational ERS
• Risk & control management, KRI monitoring
• Process improvement & straight‑through processing
• Cost management & budgeting
• Technology adoption & automation

Behavioral Skills: 

• Leadership & team development
• Stakeholder engagement & communication
• Analytical thinking & problem solving
• Change management & adaptability
• Collaboration & influencing

Education Level: Master Degree or equivalent

Location: Mumbai, 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, 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.