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Senior Associate - APAC PCA/Reconciliation

4.00 to 0.00 Years   Bangalore   11 Apr, 2021
Bnp Paribas
Job LocationBangalore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaSales / BD
EmploymentTypeFull-time

Job Description

Senior Associate Date:2 nd Feb 2021 Department:Global market Operations- Product Control Location:Bagmane tech park - Bangalore Business Line / Function:Position Control & Reconciliations Team Reports to: (Direct)Mohammed Abdul Wajid Grade:(if applicable)Senior Associate (Functional) Number of Direct Reports:NA Directorship / Registration:NA Position PurposePrimary responsibilities of the team is:

  1. To perform trade validation for all daily Cash Equities booking and facilitate the downstream feeding for Settlement
  2. To perform as an independent control team to strengthen all the control within Global Market Operations
  3. To monitor HK traders short sell position and highlight positions accurately to ensure its funded in timely manner to avoid financial losses
  4. Perform Control reports and activities identifying trading violations on restricted currencies and Technical counterparties activities
  5. 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.
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. Responsibilities Direct Responsibilities Position guarantee Has the responsibility make sure positions are in line & 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. Assigned reports must be checked & analyzed every day. Break Analysis The Senior Associate is responsible forMaking sure completion of assigned tasks 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 SecuritiesMonitoring & management of the task assigned in 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 Should be single point of contact for task assigned with regards to Operational breaks & position controls Tasks embedded to fulfill those objectivesBroker 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 - Exceptions management Perform Breaks Validation in Intellimatch// Analysis & follow up. OTC VanillasChecking all OTC vanilla options trades are integrated in FO systems & validate on TEnsuring all SWS trades are booked in FO system & are consistent Reconciliations Improvements The Senior AssociateIs 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 where applicable. Implementing/enhancing reconciliation tools to fit with trade support needs. Transversal involvement The Senior AssociateIs in charge of all reconciliation assigned & is indeed involved in the process Ensure all the STP process in place are performed efficiently & effectively in a timely manner. Take Initiatives, communicate with BO & other PCA sites on the enhancement & development of new products STP process Completion of ORUS on Daily basis Technical & Behavioral Competencies Technical Knowledge
  • 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: Excellent time management and good positive resistance to stress are compulsory.
  • Attention to detail: Escalate in timely manner, highlight any abnormalities
  • Innovation and initiatives (Think outside the box ): Demonstrate willingness to constantly improve the status quo. Understand well the processes & suggest innovative ideas.
  • Self discipline & autonomy: Have a constant delivery on time mindset, on the daily production.
  • 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.
Specific Qualifications (if required)
  • 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.
Skills ReferentialBehavioural Skills:Creativity & Innovation / Problem solvingAttention to detail / rigorClient focusedAbility to collaborate / TeamworkTransversal Skills: (Please select up to 5skills)Analytical AbilityAbility to understand, explain and support changeAbility to develop and leverage networksAbility to develop and adapt a processAbility to manage a projectEducation Level:Bachelor Degree or equivalentExperience Level At least 4 years Other/Specific Qualifications (if required),

Keyskills :
qualityrisk controlfixed income derivativesinsurancecustomer relationsfront officeproduct controlproblem solvingretail bankingmissalestrade supportback office

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