11 Oct

Associate Pca Jobs Vacancy in Bnp Paribas Mumbai

Position
Associate Pca
Company
Bnp Paribas
Location
Mumbai MH
Opening
11 Oct, 2018 30+ days ago

Bnp Paribas Mumbai urgently required following position for Associate Pca. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Associate Pca Jobs Vacancy in Bnp Paribas Mumbai Jobs Details:

Job Description - GECD Operations Position Control Analysis


BNP Paribas Background

BNP Paribas has a presence in 75 countries with more than 180,000 employees worldwide where it ranks highly in its three core activities: retail banking, corporate & investment banking (CIB) and investment solutions (IS).
Global CIB businesses include (Global Equities and Commodities Derivatives (GECD), Fixed Income, Treasury Corporate Finance, Structured Finance) & are present in more than 45 countries with over 19,000 people.
In Asia Pacific, with 9,000 employees and a presence in 14 markets, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860.
It provides clients with product and service solutions tailored to their specific needs. It offers a wide range of financial solutions covering corporate and investment banking, wealth management, asset management, securities services, and insurance, as well as retail banking through strategic partnerships.

GECD Operations Mission Statement

GECD Operations is a global team, incorporated in 4 main platforms (New-York, London, Hong-Kong and Paris) working very closely with Front Office (FO) (Sales and Trading), Back Office, IT, Finance, Risk, Valuations & Risk Control and Process teams.
Its main missions are to support efficiently the Front Office over the core controls performed post trades:
Trade support, Referential & Corporate Events, P&L, Reporting, Control, Confirmation, Back Office and Settlement, Prime Brokerage, Execution and Brokerage.

GECD PCA team

1- Main Objectives and Purpose

Its Primary responsibilities are
  • To perform day-to-day trade & position reconciliation and analyze all the breaks arisen from the related reconciliation reports to ensure proper control and measure the associated risks on all outstanding breaks..
  • To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement
  • To perform as an independent control team to strengthen all the control within GECD Operations

The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

2 – Daily Responsibility

Position guarantee – The officer

  • Has the responsibility to follow up positions & guarantee that positions in booking systems are correct.
  • Is the reference for position validation for P&L, Process & IT teams for migrations or rebooking & at any
    time for trade support, front office, & back office.
  • Team is in charge of position controls & uses all the reconciliations tools available.
  • The reconciliation is exhaustive & is done on a daily basis.
  • All reports must be checked & analyzed every day.

    Break Analysis – The officer is responsible for

    • Making the total inventory of breaks communicating the breaks as soon as possible to the related teams
    (trade support, FO, BO) for action/correction
    • Providing a complete, detailed & pertinent analysis to let the trade support immediately do the appropriate
    action/correction.

    Trade Validation: Listed Securities & OTC Vanillas

    Listed Securities

    • Monitoring & management of the full chain FO to BO trades for Asian listed stocks, warrants & bonds
    • Reducing lead time & improve the responsiveness for break analysis & the related actions with Trading
    /other FOS teams
    • Being the single Operational point to provide full pictures of breaks & position controls

    Tasks embedded to fulfill those objectives
    • Broker Confirmations checking within the day
    • Trade reconciliation in Fire & Calypso on T / Report & fix breaks with Trading & FOS teams
    • Validation of Fire reconciliation & Feeding into Calypso (BO system) - Exceptions management
    • Perform Breaks Validation in Intellimatch// Analysis & follow up.

    All tasks below are not included in PCA team perimeter since they are pure BO tasks
    • Amendments in BO system after Verified Status is integrated in BO system
    • Fees management
    • Settlement release
    • Custodian link.

    OTC Vanillas

    Checking all OTC vanilla options trades are integrated in FO systems & validate on Trade Day
    • Ensuring all SWS trades are booked in FO system & are consistent
    • Ensure all Winsales trades match with FO booking. Monitor Winsales blotter
    • Paper broker confirmation, manual checking and ensure booking is consistent with confirmation

    Reconciliations Improvements

    • Is constantly concerned by ensuring that reconciliation tools run correctly & provide reliable results.
    • Making the reconciliation tools evolve to fulfill with production needs -> new systems, new products,
    and specific request from trade support.
    • Extending the global area of reconciliations in order to reduce operational risk.
    • Implementing reconciliation tools to fit with trade support needs.

    Transversal involvement

    • Is in charge of all reconciliations & is indeed involved in the process or booking improvements & new
    features in order to adapt the existing reconciliation tools & process or implement new ones.
    • Will ensure all the STP processes in place are performed efficiently & effectively in a timely manner.
    • Be initiative, communicate with BO & other PCA sites on the enhancement & development of new
    products STP process
    • All above processes / controls are described in details under ORUS & the FOS ASIA booklet is providing
    deeper explanation on team mandates / responsibilities & the definition of the officer standard day

    3 – Required Competences

    Technical Knowledge

  • Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
  • Strong Equity derivatives products knowledge including the F2B workflows and the product event management.
  • Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

    Skills and competencies
  • Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
  • Organized & good resistance to stress: This is a much faced paced dynamic environment; therefore excellent time management and good positive resistance to stress are compulsory.
  • Attention to detail: Ability to ring the bell for any abnormal trade pattern and escalate in timely manner
  • Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.
  • Self discipline & autonomy: Have a constant “delivery on time” mindset, both on the daily production and on the projects handled. Ability to work on its own with little supervision.
  • Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage…) as this is a constant changing environment
  • Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
  • Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management.


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