Assistant Manager

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 specialised 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, corporate 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

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.

About Business Line/Function

• Market and Financing Services (MFS) business line provides a range of solutions to support the increasingly sophisticated requirements of institutional investors, alternative asset managers and financial intermediaries. These include Securities Lending (Agency and Principal), Foreign Exchange (On demand FX, Auto FX, Passive Currency Overlay), Triparty Service and a variety of Financing solutions.Pre-negotiated fee is charged by the Lender on the borrower for each loan till the loans are closed.

Job Title
Assistant Manager

Date
19/Nov/2025

Department
MFS-OTC

Location:

Chennai, CP2

Business Line / Function
FTCA, Derivatives reporting & reconciliation (d2r)

Reports To
(Direct)

Grade
(if applicable)

Assistant Manager

(Functional)

AVP

Number Of Direct Reports
NA

Directorship / Registration
Position Purpose

Replacement FTE - Senior Associate for performing OTC Derivatives Reporting and Reconciliation services. Senior Associate will be responsible for performing daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations, and performing bilateral reconciliation with the brokers for OTC positions in Tri Resolve. He/ She will be working closely with offshore management, Account managers, internal and external stakeholders as part of their daily tasks and will report to the Assistant Manager in Chennai. The staff will be working closely with all internal teams, Paris and local management, as part of their daily BAU. Candidate with good functional understanding of the OTC derivative business along with basic knowledge on OTC products & regulatory requirements is required.

Responsibilities
Direct Responsibilities

Portfolio Reconciliation

• Reconcile valuation and material trade terms trade data with counterparties in compliance with the compliance set forth by EMIR regulation.
• Research and identify the cause of the breaks.
• Work with appropriate party to amend the breaks.
• Evidence the cause of the breaks and its resolution.
• Manage and monitor dispute investigation and escalations.

Trade Repository

• Ensured that OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC).
• All Nacks/Rejection are actioned and resubmitted to DTCC
• Reconcile the DTCC position with Client position to ensure that all positions are in line.

Contributing Responsibilities

• Escalating exceptions to appropriate processing team for resolution.
• Reporting of exceptions in line with internal control and external client requirements.
• Contributing to team success.
• Actively involving in terms of having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness
• Extended error check in terms of identifying any errors/ incidents such that ensuring notifying reporting manager in terms of a complete write up of the incident within 24 hours post error occurrence.
• Actively involved in training new joiners in the team. Ensuring end to end training of process flow, logic and BAU activities, and specific activities as per requirement.
• Should be able to independently carry forward any formalities in terms of on boarding any new Clients, for the existing process. This involves all the details relevance to services provided, any exceptions, relevant static and contacts details.
• Should be able to come up with training plans based on the designation/ experience and expertise of the trainees
• Should be knowing end to end steps involved in terms of Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation and the expertise ability should assist the management in case of any communication or follow up in future.

Technical & Behavioral Competencies

• Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
• Proficient in Microsoft Office Applications and strong MS Excel skills required.
• Experience of operations in a Fund Management, Custody or Hedge Fund environment.
• Extensive experience of working within Derivative operations.
• Thorough understanding of all Derivative product classes.
• Proficiency in communication should be witnessed in terms of independent working/ understanding details and assist in terms of decision making/ Easy to convey / No compromise in professionalism.

Specific Qualifications (if Required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to share / pass on knowledge

Critical thinking

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to manage / facilitate a meeting, seminar, committee, training…

Education Level
Ability to develop others & improve their skills

Master Degree or equivalent

Experience Level

At least 3 years