Job Description

ASSOCIATE LEVEL 1 (JOB NUMBER: MFS000586)


\xe2\x80\x93 OTC Transaction Management
Note to Hiring Manager:
In support of BNP Paribas APAC\'s Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.






Job Title:

Associate Level 1

Date:

Nov-06-2023


Department:

MFS-OTC

Location:

Chennai, CP2


Business Line / Function:

MFS- OTC Derivatives PARIS ( TMS)

Reports to: (Direct)

Assistant Manager


Grade: (if applicable)

Senior Associate

(Functional)


Number of Direct Reports:

NA

Directorship / Registration:

NA


Position Purpose


To efficiently measure and manage the TM process within BNP (MO-Derivatives).


Responsibilities



Direct Responsibilities

\xc2\xa7 Ensure all derivative activities are produced accurately and in a timely manner. \xc2\xa7 Ensure that, client issues/concerns are addressed and resolved within the agreed timelines. \xc2\xa7 Ensure high level of communication network is established will all the departments within the Business group. \xc2\xa7 Defining the Key Performance Indicators for the process and achieving the same on a regular basis. \xc2\xa7 Collating the data and providing MIS to Supervisor in a timely manner. \xc2\xa7 Should adhere to the set SLA s and ensure delivery within the agreed timelines. \xc2\xa7 Should be a good team player and work closely with all team members \xc2\xa7 Should work towards error free processing and cost minimization for the team. \xc2\xa7 Should be willing to work under extreme pressure and for extended hours, if job demands \xc2\xa7 Dealing with the various internal and external stakeholders effectively and efficiently. \xc2\xa7 Carrying out various identification checks to comply with anti-money-laundering regulations and prevent fraud \xc2\xa7 Answering client account manager, other internal department queries and handling telephone calls concerning risk-monitoring queries. \xc2\xa7 Ensure all the queries handled with utmost care without errors/mistakes and within the TAT. \xc2\xa7 Prioritize the work and perform the same with due diligence. \xc2\xa7 Taking corrective measures/action in consultation with the Assistant Manager/Manager. \xc2\xa7 Escalate unresolved open items to Assistant Manager/Manager notice. \xc2\xa7 Maintain Communication Channels with internal peer groups. \xc2\xa7 Participate in Cross Training and ensure the Knowledge transfer between the team and three processes. \xc2\xa7 Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members. \xc2\xa7 Should work closely with all internal departments to resolve conflicts \xc2\xa7 Knowledge on compliance laws and swift message types would be an added advantage. \xc2\xa7 Mailbox Management / Queue Management

Contributing Responsibilities
Trade Processing

• Processing Derivative trades in Middle office systems
• Providing trade notifications to third parties such as fund trustees, Custodian etc.
• Resolving the trade-related exceptions.
• Validation of trades set up in the Application.

Matching

• Matching the trades via Electronic platform for OTC derivatives products
• Paper matching the for OTC derivatives products

Cash Management


\xc2\xa7 OTC settlement processing.
\xc2\xa7 Processing of accounting entries.
\xc2\xa7 Contacting custodians on cash settlement on a daily basis.


Technical & Behavioral Competencies


\xc2\xa7 Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills \xc2\xa7 Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills. \xc2\xa7 Supervise, Monitor, Control and Co-ordinate all activities in the department. \xc2\xa7 Lead and motivate the employees in the department \xc2\xa7 Identify and develop succession plan. \xc2\xa7 Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines \xc2\xa7 Proficient in Microsoft Office Applications and strong MS Excel skills required.


Specific Qualifications (if required)


\xc2\xa1 Knowledge on OTC products \xc2\xa1 OTC \xe2\x80\x93 Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options. \xc2\xa1 Investigate and assign client instructions within the respective deadlines. \xc2\xa1 Ability to interact with both internal and external clients to resolve issues and queries. \xc2\xa1 Query resolution in accordance with time frames set out in Client SLA s \xc2\xa1 Investigate accurately payment instructions and client investigations within respective deadlines. \xc2\xa1 Ability to interact with both internal and external clients to resolve issues and queries. \xc2\xa1 Query resolution in accordance with time frames set out in Client SLA s \xc2\xa1 To Process swifts / client queries in a timely basis.





Skills Referential



Behavioural Skills: (Please select up to 4 skills)


Ability to collaborate / Teamwork


Attention to detail / rigor


Ability to deliver / Results driven


Communication skills - oral & written


Transversal Skills: (Please select up to 5 skills)


Analytical Ability


Ability to understand, explain and support change


Ability to set up relevant performance indicators


Ability to develop and leverage networks


Ability to develop and adapt a process



Education Level:

Master Degree or equivalent


Experience Level

At least 3 years


Other/Specific Qualifications (if required)


\xc2\xa1 Candidates should be willing and flexible to work in any shifts.

Primary Location

: IN-TN-Chennai

Job Type

: Standard / Permanent

Job

: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 1 year

Schedule

: Full-time