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FXMM OTCD - Settlement - Assistant Manager

FXMM OTCD - Settlement - Assistant Manager

ConfidentialMumbai, India
7 days ago
Job description

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, corporates 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

At 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

Position Status

  • Function : Back Office
  • Chiense Wall Classification : Public

Products To Cover By The Team

  • OTC Derivatives
  • FX Money Market
  • Job Title

    Assistant Manager

    Date

    Department :

    Global Markets Operations (FXMM OTCD Settlement)

    Location : Mumbai / Bangalore

    Business Line / Function

    Global Markets

    Reports To

    (Direct)

    Grade

    (if applicable)

    (Functional)

    Manager

    Number Of Direct Reports

    NA

    Directorship / Registration

    NA

    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 7 years of experience in operations, with at least 5 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.
  • Skills Referential

    Specific Qualifications (if required)

    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

    Ability to manage a project

    Ability To Develop Others & Improve Their Skills

    Analytical Ability

    Education Level

    Bachelor Degree or equivalent

    Experience Level

    At least 7 years

    Skills Required

    swift alliance , Otc Derivatives, Cash Management

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