BNP Paribas Hiring for Associate Level – Repo Bonds settlements at Bengaluru, Karnataka Full Time

Job Description

Repo/Bonds settlements

About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 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 6000 employees, to provide support and develop best-in-class solutions.

About Business line/Function :
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.

Job Title:
Associate Level 1

Date:
Department:
Global Markets Operations – Securities settlements

Location:
Bengaluru

Business Line / Function:
Repo/Bonds settlements

Reports to:
(Direct)

NA

Grade:
(if applicable)

Associate Level 1

(Functional)

Number of Direct Reports:
NA

Directorship / Registration:
NA

Position Purpose

Primary responsibilities of the team includes:
Settlement of Repo/Bonds transactions and associated products in a timely and cost effective manner

Timely resolution of nostro and depot breaks

Mitigation of operational and reputational risk by escalating in a timely and efficient manner

Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities

Key Responsibilities:
Responsible for the settlement of Repo and Bonds transactions & associated products booked in Calypso, on a timely and cost effective basis by:

Ensuring all trades are instructed, matched & settled on a timely basis

Monitoring of failing trades

Reducing fails and/or potential fails by means of pairing off or partialing down deliveries

Minimizing fails by means of partial deliveries where possible

Pre-matching trades in a daily basis

Cash Management related with funding trades

Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams

By passing entries to the Calypso systems to clean up outstanding items on a timely basis

By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams

By investigating and solving accounting breaks raised by Securities Control & Accounting teams

Escalating items that represent operational risk to the direct Manager

Contribute to the minimisation of settlement costs & operational risk:

By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk

Monitors and take appropriate actions in case of market risks (buyins)

By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary

By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules

If necessary, using the escalation process when operational risk is detected

Contribute to the overall successful running of the settlement department:

By maintaining close relationships with traders and sales and escalating problems to them promptly where required

By maintaining good working relationships with domestic agents and custodians

By communicating with, and assisting, other operational departments where needed

Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Skills and competencies:
Ability to analyse, organize and report efficiently

Flexibility on working methods and changing international environment

Rigorous and reactive in order to face pressure and reach excellence anytime

Diligently follow the set procedures and Compliance policies

Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.

English speaker

Experience Required

Minimum of 2 years experience

Skills Referential

Behavioural Skills: (Please select up to 4 skills) –

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills – oral & written

Attention to detail / rigor

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Choose an item.

Choose an item.

Education Level:
Bachelor Degree or equivalent

Experience Level :
At least 2 years

Other/Specific Qualifications (if required)

Education Level:
Bachelor Degree or equivalent

Experience Level :
At least 2 years

Primary Location: IN-KA-Bangalore

Job Type: Standard / Permanent

Job: OPERATION PROCESSING

Education Level: Bachelor Degree or equivalent (>= 3 years)

Experience Level: At least 2 years

Schedule: Full-time