FXMM OTCD

Products to cover by the team:

1. OTC Derivatives
2. FX Money Market

Position Purpose

The FXMM Derivative Back Office is responsible for the day-to-day settlement for Derivative products and Money Market. The team operates in close collaboration with marketers, sales, and other internal function teams (APAC & EMEA) to offer client-first post-trade services. Team members are generally assigned to two or three Markets.

We are looking for a highly motivated and experienced FXMM & OTC Derivatives Associate to join our BNP Operations team. In this role, you will be responsible for 100% BAU working day-to-day operations of our FXMM and OTC derivatives Accounting business, ensuring that all Accounting Controls and Position processes are efficient, accurate, and compliant with regulatory requirements.

Practical knowledge and thorough understanding of various types of financial instruments (equities, bonds, ETD/OTC derivatives, corporate actions) are required.

Key Responsibilities:

To process payments for Value date and Value date -1, ensure all payments are cleared.

To create manual payments from SWIFT Alliance, have knowledge about MT103, MT202 Payment, and MTMX Messages.

Ensure that all Corporate/Inter-bank trades are processed and approved in a timely manner.

Cash Settlement with onshore/offshore clients.

Cash management related to funding trades.

Perform EOD reconciliations.

Troubleshoot potential operational problems and resolve issues.

Ensure compliance with regulatory requirements and internal policies and procedures.

Qualifications:

Bachelor's degree in finance, economics, or a related field.

Minimum of 4 years of experience in operations, with at least 2 years in FXMM and OTC derivatives.

Fair knowledge of FXMM and OTC derivatives products and processes.

Strong understanding of regulatory requirements and risk management principles.

Excellent analytical and problem-solving skills.

Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders.

Ability to work in a fast-paced, high-pressure environment.

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Organizational skills

Adaptability

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and adapt a process

Analytical Ability

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years