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Job Location | Mumbai City |
Education | Not Mentioned |
Salary | Not Disclosed |
Industry | Banking / Financial Services |
Functional Area | Finance / Accounts / Tax,Sales / BD |
EmploymentType | Full-time |
Job DescriptionAbout Businessline/Function :Global Market 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 BrokerageJob Title:Senior AssociateDate:2021Department:Global Market OperationsLocation:MumbaiBusiness Line / Function:COCE Product ControlReports to:(Direct)ManagerGrade: (if applicable)NA(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposeThe mandate of the Documentation Department is to ensure that every trade actioned by the FO, as well as every associated event to an existing OTC transaction that requires a confirmation, is properly confirmed with the counterparty in due time.Our main clients are Corporates (major corporations & medium-sized companies) and Financial Institutions (general and specialised international banks, pension funds, fund managers, insurance companies and central banks). We cover multiple asset classes that are: Foreign Exchange, Money Market, Equity Derivatives, Credit and Interest Rate Derivatives ResponsibilitiesDirect ResponsibilitiesThe Chasing and Escalation team is responsible for ensuring that all BNP Paribas confirmations areretrieved from clients and counterparties. Team covers a wide range of products traded by the Trading desks such as Vanilla products and the more complex Structured trades. The Chasing and Escalation team is also responsible in resolving any Litigation that clients may raise upon receipt of the BNP Confirmation. This will involve investigating the issue and liaising with internal teams such as FO, Trade Support, Legal depending on the type of Litigation raised until resolution.The team contacts directly our clients/counterparts (by telephone or by Email) to request the return of BNP Paribas confirmations executed. The team must follow internal procedures and try to adhere to the relevant regulatory timelines. The team is also responsible for escalating any issues to Senior Management orFront Office in regard to aged confirmations outstanding through various forums such as weeklyEscalation Meetings held with the relevant concerned Business Management lines.Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controlsEnsure appropriate escalation to management as soon as an issue is identified.Ensure that documentation controls are done daily, comments detailed clearly, and be responsible for reliability of recordsEnsure set KPIs are metKey results areas:Customer Services: To be customer-focused and maintain a high quality services standard Contributing ResponsibilitiesContinuous Control & Improvement:
Keyskills :
booking systemscustomer relationsmisforeign exchangecorporate eventsinsuranceinterest rate derivativesqualityprime brokeragesalestrade supportmoney marketmarket operationsrisk control