Manager - FX PB Trade Support – Product Control Mumbai

BNP Paribas (Mumbai, MH, India) 29 days ago

 


Job Description




About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.



About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.



About Businessline/Function :

Global Market Operations also known as COCE (client operating center of excellence) is further divided into 4 departments i.e. Trade Processing & Support, Product Control, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU’




Job Title:

Manager - FX PB Trade Support – Product Control

Date:

2020

Department:

Global Market operations

Location:

Mumbai

Business Line / Function:

Global Market Middle Office Trade Support

Reports to:

(Direct)

Head of team

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The qualifying candidate will supervise the FXPB Middle Office team as a part of BNP Paribas’ Foreign Exchange Prime Brokerage offering.   The FXPB middle office is looking to hire an experienced professional who can join the team and make an immediate contribution. The role will encompass the tasks of ensuring efficient and accurate client onboarding and transaction processing across a broad range of products. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York

Responsibilities

  • Daily supervision of a team of 4 (may grow). Continuous review and monitor of controls that are in place and performed daily by the team to ensure operational risk and risk of fraud are set at a minimum.
  • Review progress against objectives for all reporting staff, monitor staff performance as compared to defined responsibilities and addressing performance issue.
  • Participate and lead   client onboarding processes including user acceptance testing, internal setup, external setup and go live calls
  • Work with internal and external parties to resolve trade discrepancies
  • Work closely with IT developers to define infrastructure upgrades and maintenance requests
  • Manage trade life cycle events including daily option exercises/expirations and NDF fixings
  • Coordinate with all internal stakeholders who support the business ( Risk, Credit, Legal, Collateral, BO, Sales, IT)
  • Ensure the monitoring of the Limit utilization through the day for the OTC, FXPB and ETD businesses. Investigate/Report any breaches
  • Lead project work related to internal controls, MIS reporting, process improvements, and client specific reporting requirements or integration enhancements
  • Promote an efficient dialog/discussion between the Front office and the Back-Office
  • Contribute and keep up with new market initiatives and regulatory projects
  • Ensure all regulatory and internal targets are met
  • Produce and review of management reports including KPIs and monthly statistics.
  • Participate in recruitment/training of temp/trainees/permanent to ensure team objectives are met and develop a control mentality.
  • Support any new activity done by various desks supported by the team (NAC and TAC )

FINRA Registrations Required:

  • Series 99 FINRA certification

Technical & Behavioral Competencies

  • Strong qualification level in Foreign Exchange markets and strong understanding of FX Spot/Forward/Options products.
  • In-depth knowledge of Prime Brokerage and Clearing Workflows.
  • Minimum of 8 years in a FXPB related position.
  • Ability to take initiatives and manage projects.
  • Time management to meet rigorous deadlines on multiple concurrent tasks.
  • Flexibility to adapt to a new and changing environment.
  • Rigorous and very organized.
  • Maintains high quality of customer service.
  • Ability to effectively listen and communicate.
  • Ability to manage and organize the team workload

·          Excellent verbal and written communication skills

  • Display good relationship qualities, team spirit, and ability to work across teams.

·          Proficient in Excel

Specific Qualifications (if required)

  • Previous management experience

Skills Referential

Behavioural Skills : (Please select up to 4 skills)

Decision Making

Personal Impact / Ability to influence

Creativity & Innovation / Problem solving

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to inspire others & generate people's commitment

Ability to develop others & improve their skills

Ability to set up relevant performance indicators

Ability to develop and leverage networks

Education Level:

Master Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)



 

Manager - FX PB Trade Support – Product Control Mumbai

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