Associate Level 1- Dec Clearing-referential

7 days ago


Bengaluru Karnataka, India BNP Paribas Full time

ASSOCIATE LEVEL 1- DEC CLEARING-REFERENTIAL (JOB NUMBER: OPE002863)

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.

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

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, color, 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.

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.
- _

Job Title:
Associate Level 1

Date:
2024

Department:
DEC- Clearing

**Location**:
Bengaluru

Business Line / Function:
Derivatives Execution & Clearing Operations-Referential

**Reports to**:

- (Direct)_

Team leader/Assistant Manager

**Grade**:
(if applicable)

NA
- (Functional)_

Number of Direct Reports:
NA

Directorship / Registration:
NA

Position Purpose
- 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**

Middle-office

Be the 1st point of contact for all counterparties (clients, brokers, CCPs) with regards to trade allocation/clearing
- Top day trade monitoring and allocation for involved exchanges to ensure STP trade flow
- Follow up of pending trades closely and ensure all clients trades are booked at T Day
- Perform timely reconciliation between internal systems and Exchanges ones
- Identify, assess, monitor and control the risks of the activity

Back office
- Referential, static data, Account opening and closure, Fees management
- Clearing Houses vs Back Office Reconciliations (margins, premiums, positions, initial margins)
- Ensure that reports sent to clients are reliable
- Manage daily payments and intra-day margin calls
- Ensure that all clients related issues, queries and request are addressed in an efficient, accurate and timely manner
-



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