Associate 1 - Ny Slab Reconciliation

ASSOCIATE 1 - NY SLAB RECONCILIATION (JOB NUMBER: GLO005422)

Job Description: Senior Associate - Reconciliations & Controls

**About BNP Paribas Group**:

- BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.**About BNP Paribas India Solutions**:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

**About Business line/Function**:
Global Market Operations is a global team, incorporated in 4 main platforms (New-York, London, Hong-Kong and Paris) working very closely with Front Office (FO) (Sales and Trading), Back Office, IT, Finance, Risk, Valuations & Risk Control and Process teams.

Its main missions are to support efficiently the Front Office over the core controls performed post trades:
**Trade support, Referential & Corporate Events**, **P&L**, **Reporting, Control**, **Confirmation**, **Back Office and Settlement**, **Prime Brokerage**, **Execution and Brokerage**

**Job Title**:
**Associate 1**

**Date**:
**Department**:
Global market Operations
- Product Control

**Location**:
Infinity - Mumbai

**Business Line / Function**:
Reconciliation & Controls Team (NY)

**Reports to**:

- (Direct)_

Mohammed Abdul Wajid

**Grade**:
(if applicable)

Associate 1
- (Functional)_

**Number of Direct Reports**:
NA

**Directorship / Registration**:
NA

**Position Purpose**

Primary responsibilities of the team is:

- To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement
- To perform as an independent control team to strengthen all the control within Global Market Operations
- To monitor HK traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses
- Perform Control reports and activities identifying trading violations on restricted currencies and Technical counterparties activities
- To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks.

The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

**Responsibilities**

**Direct Responsibilities**

**Position guarantee -**

Has the responsibility make sure positions are in line & guarantee that positions in booking systems are correct.

Is the reference for position validation for P&L, Process & IT teams for migrations or rebooking & at any time for trade support, front office, & back office

Team is in charge of position controls & uses all the reconciliations tools available.

The reconciliation is exhaustive & done on a daily basis.

Assigned reports must be checked & analyzed every day.

**ROLES AND RESPONSABILITIES**:
Accountable for end-to-end transaction management lifecycle for their respective client coverage.

Trade capture, settlement exceptions and cash management.

Collaborate with various internal teams, such as trade processing, pre-matching, settlement and margin to process transactions and resolve any exceptions on a timely manner.

Respond and resolve client inquiries on a timely manner.

Perform root cause analysis for respective clients in order to increase straight through process flows.

Establish and maintain relationships with high profile hedge fund clients.

Work as part of the global team performing follow the sun hand offs to ensure a smooth global coverage for global clients.

Partner with account management teams to help on changing client behaviou