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Lead and manage a derivatives middle-office team in Taguig, ensuring 100% accuracy and driving process improvements.
Opportunity to shape trade booking, cost, and reconciliation practices at BNP Paribas.
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 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 corporate, 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.
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.
Business Line :
IFSO MO - SYD Derivatives is part of overall MO function and Trade processing team. Derivatives team is responsible for booking trades on a day to day for BNP Clients.
Responsibilities
Direct Responsibilities
- Lead a team that will be responsible for Security Setup, Trade booking, Costing, reconciliation and Rec breaks
- Ensure smooth day-to-day operations are managed with 100% accuracy
- Ensure/contribute for Green KPI’s & KMP’s
- Facilitate teams to critically review current processes for effectiveness, quality and simplification
- Develop and implement process solutions to improve operational efficiency
- Identify risks and issues in business processes and systems.
- Develop in-depth knowledge of the organization’s business lines and products.
- Assist in promoting the implementation of best practices.
- Recommend innovative business and technical solutions to improve operational effectiveness.
- Ensure effective communication to all the parties involved
- Coordinate with cross-functional team to develop process requirements.
- Inspire and motivate people to work towards the goals of the company.
- Ensure the process of change is smooth and uneventful for the company
Contributing Responsibilities
- Escalating exceptions to appropriate processing team for resolution.
- Reporting of exceptions in line with internal control and external client requirements.
- Contributing to team success. If needed by processing the activities as well.
Technical & Behavioral Competencies
- Strong understanding of financial markets, investment management and asset management
- Good Understanding on derivatives
- Excellent communication skills
- Fair knowledge on Derivatives, Equities -trade capture and matching services.
- Basic Excel and digital documenting will be added advantage.
- Good Analytical Skills
Client Focus & Adaptability
Client Focus:
Be pro-active in developing customer relations by understanding and responding to customer needs. Strive continually for customer satisfaction and focus on Client Delight. Commit/Promise only what can be delivered by keeping Bank’s interest in mind. Try to identify the real needs of the customer, including those not necessarily stated.
Adaptability:
Advise/Educate the client’s staff on formulation of data which suits to BNP Applications. Always look for ways to improve services and processes Be able to adapt to different markets and different clients evolution
Integrity, trust & fairness
Acts with integrity in all interactions with colleagues, team members and clients. Promises only what can be delivered, managing expectations and honors commitments and has committed to ethical practices in all interactions and relationships. Treats others fairly, showing respect and courtesy. Builds trust by responding openly, genuinely and consistently to others.
Specific Qualifications (if required)
Accounting/Commerce Minimum of 10-12 years of experience in Capital Markets Operations (preferably in Derivatives Operations) Skills Referential:
Behavioral Skills:
- Attention to detail / rigor
- Ability to collaborate / Teamwork
- Communication skills - oral & written
- Client focused
- Creativity & Innovation / Problem solving
- Decision Making
Transversal Skills:
- Ability to manage a project
- Ability to understand, explain and support change
- Ability to develop and improve their skills
- Ability to inspire others & generate people's commitment
- Ability to manage / facilitate a meeting, seminar, committee, training
- Ability to anticipate business / strategic evolution
- Analytical Ability
Education Level
Bachelor Degree or equivalent
Experience Level
At least 10-12 Years in Capital Markets Operations
Other Specific Qualifications
Product Knowledge in ETD – Futures and options on all Major exchanges globally, OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options and