Associate - DEC Clearing - DEC

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Associate – DEC Clearing – DEC at BNP Paribas India Solutions in Bengaluru.

Engage in trade clearing, margin calculations, and reconciliation with client focus.

Job Title

Associate - DEC Clearing - DEC

Department

Derivatives Execution & Clearing

About Business line/Function

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

The Data Office Team is part of the Information Technology Group which works simultaneously on a wide range of projects arising from business, strategic initiatives, regulatory changes and reengineering of existing applications to improve functionality and efficiency.

Position Purpose

The candidate would be Part of Derivative Execution and clearing team, working along with the DEC US Clearing Team. The role would concentrate to clear and allocating exchange traded derivatives trade on behalf of the client. Ensure all top day trades are cleared and reconciled against cleaning house by the end of day.

The role requires a high level of attention to detail, to ensure BNPP SA’s external end client fees are validated, and any required corrections or amendments are processed accurately and according to procedure. The candidate would be working with large volumes of trade data so should be comfortable using Excel to summarize, as well as to drill down and independently investigate any discrepancies that may arise.

Work effectively with team members to accomplish common goals. Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

• Direct communication and interaction with clients and business partners
• Client ETD margin and interest calculations- including IM, VM, Realignment of Origin
• Account balancing
• Cash management
• Wire transfer processing- Review of client account for deficits / excess
• Non-cash collateral custody account settlements
• Securities inventory balancing
• Nostro break reconciliation investigation
• Daily regulatory review and oversight
• SWIFT message interpretation
• KPI Reporting and trend analysis
• Regulatory and audit inquiry management
• Operational control implementation and monitoring
• Data entry

Contributing Responsibilities

Results and Impact

• Impacts division and influences peers and team
• Demonstrates good judgement when making decisions of high complexity and impact
• Relies on limited guidance for most complex decision making
• Is responsible for driving outcomes which have meaningful effect on team or department

Leadership and Collaboration

• Creates trust with department leaders
• Acts in leadership capacity for large projects, processes, or programs for a team
• Client, Customer and Stakeholder Focus
• Able to build relationships with a mix of intermediate and senior colleagues or clients
• Interacts regularly with management and department leaders
• Demonstrates the ability to persuade and influence stakeholders at the team level

Compliance Culture and Conduct

Minimum Required Qualifications

• Bachelor degree
• At least 3-5 years of experience in the margining of exchange listed products
• Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing
• Experience in wiring funds via SWIFT messaging
• Experience interacting with clients and various lines of business
• Experience reconciling separate data points and sources
• Microsoft Excel (Vlookup, Pivot tables, formulas, etc.)

Preferred Qualifications

• Some technical specifications knowledge across multiple systems and web interfaces
• Microsoft Excel macro knowledge
• Understanding of collateral transfers
• Knowledge of CCP margin calculations
• Knowledge of CFTC regulations

Location

Bangalore

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.