Associate Level 1/sa/am - Mumbai, India - BNP Paribas

BNP Paribas

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost employees.

The Group ranks highly in its three core areas of activity:

Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients.

The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection.

In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function:
Global Market Operations also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, Product Control, 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.

Job Title:
Bond Trade Support

Product Control

Date:
2023

Department:
COCE Product Control

Location:

Mumbai

Business Line / Function:
COCE Product Control

Reports to:
(Direct)

Head of Team

Grade:
(if applicable)

NA

(Functional)

NA

Number of Direct Reports:
NA

Directorship / Registration:
NA

POSITION PURPOSE:

To provide efficient and well controlled operational support for Bonds and Repo activities in Global Market and ALMT metier

The position is highly critical and has heavy interactions with sales/trading and clients in APAC.

Team coverage starts in the LDN timezone. Team should have appropriate shift to ensure sufficient coverage.

Responsible to manage Bond Trade Support team

Responsible to develop people in the organization and manage the team with strong leadership.

Position is fully accountable Bond Trade Support.

Responsibilities

DIRECT RESPONSIBILITIES:

Bring Direct contribution to BNPP operational permanent control framework

Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls

Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.

Comply with internal and external regulatory and compliance requirements

Comply with the BNPP standards of Code of Conduct

Comply with the BNPP IT Security policies

Anti‐Money Laundering / Financial Sanctions "AML/FS") related duties: Operations are an integral part of the control framework including for AML/FS topics.

In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

Responsible for providing direct assistance and support to Asia-based marketers and traders in Asia Pacific ex Japan in respect of bond and repo products:
following up of any trade or settlement details discrepancies for trades done in Asia Pacific ex Japan

reconciling trades between front office pre-confirmations to external clients and deal capture systems

monitoring/undertaking trade exceptions processing

ensuring prompt and accurate set up and update of client SSIs

assisting various back/middle offices with general queries

assisting clients' queries

Responsible for collection, maintenance and update of clients' SSIs and confirmation details

CONTRIBUTING RESPONSIBILITIES:

Direct relationships with the front office / back office colleagues.
Build and maintain strong relationships with stakeholders across the globe in Front, Back and Middle Office
Strong working and open relationship with local management

TECHNICAL & BEHAVIORAL COMPETENCIES: