Job Title: Assistant Manager (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 Derivatives Back‑Office is responsible for the end‑to‑end settlement of derivative and money‑market trades. The team works closely with marketers, sales, and other internal functions (APAC & EMEA) to deliver “client‑first” post‑trade services. It ensures that all settlement controls, position processes and regulatory requirements are applied consistently, accurately and efficiently.

Responsibilities

Direct Responsibilities

• Process value‑date and value‑date‑1 payments; ensure clearing.

• Create manual SWIFT payments (MT103, MT202, MTMX).

• Approve and process corporate / inter‑bank trades timely.

• Execute cash settlement with on‑shore / off‑shore clients.

• Manage cash‑funding activities related to trades.

• Perform end‑of‑day (EOD) reconciliations.

• Troubleshoot operational issues and resolve them promptly.

• Ensure compliance with regulatory requirements, internal policies and procedures.

Contributing Responsibilities

• Continuous review of processes & controls to maintain high‑level risk management.

• Report system failures to the relevant IT development team.

• Enrich the investigation / settlement tools with relevant data.

• Support Finance on sensitive‑account follow‑up.

• Participate in daily CLS / DTCC pre‑matching and break‑resolution.

• Contribute to quarterly Credit‑Roll cash‑flow reconciliation.

• Liaise with front‑office, middle‑office and external counterparties as required.

• Assist in maintaining the “associated‑person” compliance record (background check).

Technical & Behavioral Competencies

• Strong knowledge of FXMM and OTC‑derivatives products & processes.

• Proficiency with SWIFT messaging (MT103, MT202, MTMX).

• Experience with CLS / DTCC matching, break‑resolution.

• Accurate cash‑settlement and funding management.

• End‑of‑day reconciliation and cash‑flow management.

• Understanding of regulatory & risk‑management frameworks.

• Familiarity with settlement control tools & investigation systems.

• Analytical thinking & problem‑solving.

• Effective communication & stakeholder‑management.

• Ability to work under pressure in a fast‑paced environment.

• Attention to detail and strong sense of ownership.

• Pro‑active attitude toward continuous improvement.

• Team‑oriented collaboration across geographies.

• Integrity and adherence to compliance (associated‑person) standards.

Specific Qualifications:

• Bachelor’s degree in finance, Economics or a related field.
• Minimum 7 years of operations experience, with at least 5 years in FXMM and OTC derivatives settlement.
• Fair to strong knowledge of FXMM and OTC‑derivatives products, processes and related documentation.
• solid grasp of regulatory requirements and risk‑management principles.
• Proven analytical and problem‑solving capabilities.
• Excellent written and verbal communication skills; ability to build relationships with internal and external stakeholders.
• Demonstrated ability to thrive in a high‑pressure, deadline‑driven environment.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Nostro breaks account management & data recording.
• Investigation‑file handling in dedicated management tools.
• Break investigations – documentation review, booking‑rule application, coupon calculations.
• Payment accounting adjustments & manual SWIFT processing (MT103/MT202/MTMX).
• Cash‑settlement and funding trade management.
• EOD & quarterly Credit‑Roll cash‑flow reconciliation.
• CLS / DTCC daily pre‑matching, break resolution and monitoring.
• System‑failure reporting to IT development.

Behavioral Skills: 

• Analytical thinking & problem solving.
• Strong communication & interpersonal skills.
• Ability to work under pressure & meet tight deadlines.
• Pro‑active continuous‑improvement mindset.
• High integrity and adherence to compliance standards.

Education Level: Bachelor’s degree or equivalent

Location: Mumbai/Bangalore, 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.