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Associate – OTC TMS role at BNP Paribas India Solutions in Chennai, focusing on OTC derivatives regulatory reporting and trade reconciliation.
Key tasks include reporting to DTCC, managing valuation, collateral, client reconciliation, and training new joiners with strong analytical and Excel skills.
Job Title: Associate
Department
MFS – OTC TMS
About Business line/Function
OTC DERIVATIVES
Position Purpose
Associate for performing OTC Derivatives Regulatory Reporting. Associate will be responsible for performing daily tasks related to reporting OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations. He/ She will be working closely with offshore management, Account managers, internal and external stakeholders as part of their daily tasks and will report to the Assistant Manager in Chennai. The staff will be working closely with all internal teams, Paris and local management, as part of their daily BAU. Candidate with good functional understanding of the OTC derivative business along with basic knowledge on OTC products & regulatory requirements is required.
Responsibilities
- Ensured that OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC).
- All Nacks/Rejection are actioned and resubmitted to DTCC.
- Reconcile the DTCC position with Client position to ensure that all positions are in line.
Direct Responsibilities
- Ensured that OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC).
- All Rejection are actioned and resubmitted to DTCC.
- Reconcile the DTCC position with Client position to ensure that all positions are in line.
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’s success.
- Actively involving in terms of having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness
- Extended error check in terms of identifying any errors/ incidents such that ensuring notifying reporting manager in terms of a complete write up of the incident within 24 hours post error occurrence.
- Actively involved in training new joiners in the team. Ensuring end to end training of process flow, logic and BAU activities, and specific activities as per requirement.
- Should be able to independently carry forward any formalities in terms of on boarding any new Clients, for the existing process. This involves all the details relevance to services provided, any exceptions, relevant static and contacts details.
- Should be able to come up with training plans based on the designation/ experience and expertise of the trainees.
- Should be knowing end to end steps involved in terms of Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation and the expertise ability should assist the management in case of any communication or follow up in future.
Technical & Behavioral Competencies
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- 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.
- Extensive experience of working within Derivative operations.
- Thorough understanding of all Derivative product classes.
- Ability to take decisions in all circumstances and lead by example.
- Proficiency in communication should witness in terms of independent working/ understanding details and decision making/ Easy to convey / No compromise in professionalism.
Specific Qualifications (if required) – Portfolio REC - Triresolve
Knowledge and skills required
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- Identify Operational Risk Areas within the Client Business Revenue Process.
- 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.
- Experience of operations in Fund Management, Custody, Reconciliation like cash and collateral.
- Query resolution in accordance with time frames set out in Client SLA’s
- Work with the Vendors and other parties to capture OTC prices.
- Resolve pricing / trade booking issues on a timely basis.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills
- Ability to understand, explain and support changes
- Analytical ability
- Ability to develop and adapt to a process
- Ability to manage/facilities a meeting, seminar, committee, training
- Ability to develop others & improve their skills
Behavioral Skills
- Ability to collaborate/Teamwork
- Adaptability
- Creativity and innovation
- Critical thinking
Education Level
UG 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.