Job Title: Associate 

Department: Market and Financial Services

About Business line/Function: Market and Financing Services (MFS) business line provides a range of solutions to support the increasingly sophisticated requirements of institutional investors, alternative asset managers and financial intermediaries. These include Securities Lending (Agency and Principal), Foreign Exchange (On demand FX, Auto FX, Passive Currency Overlay), Triparty Service and a variety of Financing solutions.

Position Purpose: Replacement FTE – Associate for performing Collateral Processing. Associate will be responsible for performing daily tasks related to Agency Lending Collateral Process, Exposure and Settlements for various markets and clients. He/ She will be working closely with off-shore management, Agents, internal and external stakeholders as part of their daily tasks and will report to the Assistant Manager in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Candidate with good functional understanding of the OTC derivative business along with basic knowledge on Agency Lending products & regulatory requirements is required

Responsibilities

Direct Responsibilities

·        Get trained in respective function and tasks of the Agency Lending.

·        Liaising closely and provide an exceptional level of service to the Front Office.

·        Keep up and manage every operational aspects linked to the activity of Agency Lending and maintain quality relationship with respective custodians, external stakeholders like counterparties and also with our traders.

·        Check the exposures on client funds during the day and manage daily call margins with brokers and with triparty agents

·        Monitor all the loans booked by Front Desk & collateral trades are settled in time in adherence to the settlement cycle.

·        Sending the billing invoices, perform recon in case of differences to close billing within the SLA of the function.

·        Resolve breaks in the reconciliation in collaboration with reconciliation team.

·        Must be able to see tasks through to completion with a sense of accountability.

·        Ensure Client & management reporting is made within deadline and without any errors or delay. 

·        Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.

Contributing Responsibilities

§   Escalating exceptions to appropriate processing team for resolution.

§   Reporting of exceptions in line with internal control and external client requirements.

§  Contributing to the team success.

§  Actively involving in terms of having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness

§  Extended error check in terms of identifying any errors/ incidents such that ensuring notifying reporting manager in terms of a complete write up of the incident within 24 hours post error occurrence.

§  Actively involving in terms of training new joiners in the team. Ensuring end to end training of process flow, logic and BAU activities, and specific activities as per requirement.

§  Should be able to independently carry forward any formalities in terms of on boarding any new Clients, for the existing process. This involves all the details relevance to services provided, any exceptions, relevant static and contacts details.

§  Should be able to come up with training plans based on the designation/ experience and expertise of the trainees.

§  Should be knowing end to end steps involved in terms of Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation and the expertise ability should assist the management in case of any communication or follow up in future.

Technical & Behavioral Competencies

·        Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

·        Ability to work in a team environment in coordination with the colleagues and the mangers.

·        Proficient in Microsoft Office Applications and strong MS Excel skills required.

Specific Qualifications:

Bachelor's Degree in Commerce or Equivalent

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

Advanced Excel (model‑building, macros) – able to create a 3‑statement model.
• Financial‑modelling basics (DCF, comparable‑company).
• PowerPoint – professional pitch‑deck creation.
• Bloomberg/Refinitiv – data retrieval & analytics.
• Introductory Python or VBA for automation.
• SQL – simple data extraction queries.
• Accounting & financial‑statement analysis.
• Basic knowledge of market‑abuse and regulatory framework.

Behavioral Skills: 

¡  Ability to collaborate / Teamwork

¡  Ability to share / pass on knowledge

¡  Critical thinking

¡  Ability to deliver / Results driven

Education Level: Bachelor's Degree

Location: Chennai CP II

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.