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Assistant Manager – OTC Valuation role in Chennai – drive global trade booking and valuation.
Join BNP Paribas India Solutions and shape OTC operations across markets.
Job Title
Assistant Manager – Individual Contributor
Department
MFS - OTC
About Business line/Function
MFS OTC Valuation
Position Purpose
Assistant manager will be responsible for managing team and performing daily tasks related to OTC valuation & Booking teams carried out in the MFS department. He/ She will be working closely with off-shore management, Front office, Account managers, external vendors as part of their daily tasks and will report to local management in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the OTC derivative business along with good knowledge on OTC products & Booking,Corporate action,Trade Settlement,Trade life cycle, Collateral management is required.
Direct Responsibilities
- Monitor the emails and ensure that all the trades are booked as per the deadlines
- Providing trade notifications to third parties such as fund trustees.
- Resolving trade-related exceptions and investigate them until closure.
- Liaison with the Counterparties and settling the cash flows
- Liaison with the Paris OTC hub team, internal teams to resolve the breaks
- Process accurate OTC Valuations / Trade booking on Global basis within given deadlines.
- Interact with both internal and external parties to resolve pricing / trade booking issues and queries.
- Query resolution in accordance with time frames set out in Client SLA’s.
- Handle valuation exceptions/breaks and investigate thoroughly before feeding the prices to downstream teams.
- Work with the Vendors and other parties to capture OTC Valuations.
- Resolve pricing / trade booking issues in a timely basis.
- Ensure all errors/break down of procedure are documented as per BNP Paribas policy.
- Should be responsible and ensure that all the allocated trades are completed
- Research and identify the cause of the breaks.
- Work with appropriate stakeholders to carry on with BAU smoothly
- Evidence the cause of the breaks and its resolution.
- Manage and monitor dispute investigation and escalations.
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.
- Identify and develop succession plan.
- Interact with both internal and external parties to resolve pricing / trade booking issues and queries.
Technical & Behavioral Competencies
- Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
- Proficient in Microsoft Office Applications and strong MS Excel skills required.
- Thorough understanding of all Capital & Derivatives market, financial instruments, Investment banking process and above average accounting skills.
- Good verbal and written communication.
- Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.
- Lead and motivate the employees in the department
Specific Qualifications
N/A
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
- Familiarity with Back Office Operations, Processes and systems
- Familiarity with Computer applications, MS Office, Business Objects etc
- Operational Risk awareness
Behavioral Skills:
- Decision making
- Communication skills
- Creativity and innovation
- Client focused
Education Level
Master’s degree or equivalent
Location
Chennai
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.