Associate Level 1- DEC Clearing-FM House

6 days ago

Bengaluru, Karnataka, India BNP Paribas Full time ₹ 4,00,000 - ₹ 8,00,000 per year

Primary objective

The Operations Team is in permanent contact with numerous internal and external interlocutors such as:

the Front Office, the Middle Office, the Clearers, IT Services, Accounting & Finance Teams

Working closely with those interlocutors the main objectives of the day are:

-Reconcile, investigate, identify, analyze, regularize, secure all trade & positions at trade date plus one day fed in the settlement production chain.

-Calculate and reconcile at trade date plus one day all daily Margin and P&L flows by Market, Clearer, account and currency.

  • Follow-up the integration of the operations in the STP chain BUBL/UBIX (internal tools)

  • Escalate all incidents or blocker issues identified to its Management

  • the pending trades and positions raised by our automated reconciliation tools (FIRE, Intellimatch, Intranet)

  • Comment and allocate to the respective Team those breaks and discrepancies: Front Office versus Back Office but also Back Office versus Clearer

  • Identify, regularize, comment and follow up all cash/treasury breaks

  • Analyze and comment accounting breaks

  • Report to the Management on all issues or blocker situations

  • Propose improvements

  • Complete ORUS controls operational risk

Minimum Required Qualifications

  • Bachelors degree
  • Staff experience with Reconciliation experience & ETD background
  • Experience managing and operational processes
  • Understanding of exchange listed derivatives trading and clearing workflows and related controls to alleviate regulatory risk
  • Microsoft Excel (VLOOKUP, Pivot tables, formals, etc.), Outlook and Power Point

Technical & Behavioral Competencies

  • Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
  • Knowledge of Exchange Traded derivative products /ETD Clearing.
  • Experience of the commodity exchanges and CCPs platforms - preferable
  • Flexibility to accommodate business requirements and working hours, Ability to work under pressure
  • Ability to use Excel at an intermediate level essential,
  • Excellent numerical and analytical skills - essential
  • Ability to analyze large volumes of data, High attention to detail and quality focused
  • Be comfortable with escalation and managing issues as they arise
  • Forward thinking and proactive with the ability to question process

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