Senior Associate Product Control - ALMT Trade Validation

Job Description

COCE (Client Operating Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, 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.Mission Statement of ALM Treasury:
• Manage the Group s liquidity position, both in business as usual conditions and in crisis situations
• Manage the interest rate risks in the banking book
• Manage operational and structural foreign exchange risk
ENVIRONMENT AND MISSIONS OF THE ALM TRADE SUPPORT MIDDLE OFFICER
• The ALM trade support team is in charge of providing support to ALM - Medium & Long Term Funding, Personal Finance France and Resource & Portfolio Management
The ALM trade support team is in charge of providing support to: ALM - Medium & Long Term Funding
• Mission: Raising BNP Paribas medium & long term wholesale funding to achieve liquidity and regulatory objectives
Personal Finance France
• Mission: Management of liquidity risk and interest rate risk
Resource & Portfolio Management
• Mission: provides de-risking and capital management advisory solutions
The ALM trade support team has 3 core functions:
• Management and operational monitoring of transactions initiated by FO
• Controls and reporting
• Process re-engineering / Project office
Responsibilities 1 Trade Capture Monitoring and Trade Lifecycle Management: # The ALM Middle-Officer manages the trade processing and the Amend/Cancel
• Ensure proper representation and integration in a timely manner of transactions in the booking systems (Sekoian-Kondor+, FXO, Calypso and Murex)
• Validate the trades in the booking systems (Murex, Calypso)
• Book events related to the trade life cycle in Sekoian and Kondor upon prior request from FO: fixing, amend & cancel, buy back, calls, credit events
• And ensure events/trades have been properly interfaced to FXO, Murex, Calypso Back Office and accounting systems
• Ensure that documentation is regularly reviewed, updated and is in line with the rules defined in the Group Guidelines.
2 Controls & Reporting: # Perform standardized and specific controls as per control plan and upon agreed schedule# Provide standardized and specific reports as per requirement and upon agreed schedule
• Perform trade support controls (booking controls, regulatory controls )
• Carry out discrepancy analysis or investigate any breaks raised by other teams: Position Control Analysis (PCA), Intra-group reconciliations, Accounting Control Investigations, PnL, Finance
• Contribute to dashboards, produce Key Performance Indicators for FO and management
• Produce regular reporting for FO (activity reports)
• Answer specific ad-hoc reporting requests
• Certifies that controls have been duly performed via ORUS certification
• Escalate to the management and /or permanent control areas where operational risks have been identified, any fraud or breaches detected in the procedures or breaches to existing controls, and propose corrective actions and relevant remediation plans
3 Share Expertise # Deliver operational expertise to support various initiatives
• Contribute to transversal projects coordinated by Projects teams: DRIVE, P&C, IT, ALMT Business Management
• Participate in the validation of Business Specifications, procedures, TAC /NAC and UAT
• Attend projects committees, help to define needs, analyse proposals, identify blocking points and assist the team during every stage of the project from implementation to after care.
• Provide guidance on booking and share expertise on booking solutions
• Offer consulting on new booking schemes taking into consideration all impacts
• Process reengineering: improve & reduce manual processes
Technical & Behavioral Competencies TECHNICAL SKILLS
• Strong knowledge of the FO to BO operational workflow (full trade life cycle chain)
• Good knowledge in financial products
BEHAVIOURAL
• Excellent communication skills,
• Results-oriented & client focus
• Strongly committed
• Good team player, Collaborative mind-set
• High capacity to take initiatives
• Analytical and synthetic skills
• Strong analytical/problem solving mind-set
Specific Qualifications (if required) Skills Referential Behavioural Skills :Ability to collaborate / TeamworkCritical thinkingCreativity & Innovation / Problem solvingResilience Transversal Skills:Analytical AbilitAbility to develop and adapt a processAbility to understand, explain and support change Education Level: Bachelor Degree or equivalent Experience Level At least 3 years,

Keyskills :
insurancequalitysalesmistrade supportretail bankingliquidity risk