About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

About BNP Paribas Solutions Philippines Branch:

Established in 2024, BNP Paribas Solutions Philippines Branch is a branch of BNP Paribas Group, a leading bank in Europe with an international reach. We provide support services, back-office operations services related to or which further the accomplishment of the corporation’s investment services, banking transaction processing, and equity investment.

About Business line/Function:

Global Market Operations also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.

Position Purpose

This position is accountable for the delivery of the IRD Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD 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. They will also ensure that the transaction is correctly feeding FO to BO booking systems. The role will be responsible for accurate trade validation of OTC Derivative Product within BNPP Systems. (2) Ensure trade amendments are performed in a timely fashion, and their PV are checked & validated. (3) Escalate any mismatch on the trade to the FO & Management that may indicate a wrong position or transaction in the FO System. (4) Run all required controls on key elements

Direct Responsibilities

• Validate the trade which is booked in FO systems with the recaps
• Validate Future contracts with the recaps and ensure timely Clearing
• When possible, challenge and enhance existing processes.
• Report, Comment and Validate the exceptions during trade validation 
• Ensure appropriate escalation to management as soon as an issue is identified.
•  Ensure high levels of ethics and professionalism are maintained both personally and in the team. 

Contributing Responsibilities

• Participate to global projects related to MO processes improvements.
• Participate to local projects related to systems migrations.
• Participate to the improvement of the productivity within the team by proposing initiatives

Technical & Behavioral Competencies

• Basic understanding of financial markets and trading operations, and Rates Derivatives Products
• Good communications and collaboration with remote teams
• Must have completed a bachelor’s degree in Business Management, Financial Management or Treasury Management, Accounting. 
• Must have good communication skills and flexibility with work arrangement
•  Proficiency in Excel, with programming skills (VBA, Excel, Access) is preferable.