EMEA Documentation- Chasing and Matching - Assistant Manager
BNP Paribas
Mumbai, MH, IN
1d ago

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 Business line / 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 Brokerage

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 24x7 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.

Direct Responsibilities

The 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

The Chasing and Escalation team is responsible for ensuring that all BNP Paribas confirmations are

retrieved 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 or

Front Office in regard to aged confirmations outstanding through various forums such as weekly

Escalation 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 controls

Ensure 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 records

Ensure set KPIs are met

Key results areas :

  • Customer Services
  • To be customer-focused and maintain a high quality services standard

    Contributing Responsibilities

    Continuous Control & Improvement :

  • To closely monitor the trade volumes and outstanding confirmations and escalate issues / concerns to the line managers
  • Contribute to the Permanent Control framework
  • Projects

  • Participate to global projects related to any Documentation processes improvements.
  • Active follow up on updating procedures of Documentation processes.
  • Analytics to senior management as per their requests.

    Technical & Behavioral Competencies

  • Technical competencies :
  • Computer skills is highly a must
  • Fluent English
  • ISDA definitions & templates
  • Front to back workflow
  • Behavioral Competencies :
  • Organized & good resistance to stress
  • Attention to detail : the confirmation is the ultimate document which bind the bank with the counterparty, 100% correct is non-negotiable
  • Self-discipline & autonomy : Each team member has its own portfolio of clients, which need to be managed efficiently. 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 : Client is at the center of all our concerns..
  • Escalation & Reporting process : all team members need to closely follow escalation rules in place with all different stakeholders.
  • Comply with relevant regulatory targets e.g CFTC,EMIR targets. Being able to efficiently raise to manager issues encountered on a daily basis, even if those are not forecasted in existing processes

    Specific Qualifications (if required)

  • Significant experience in Documentation (drafting / chasing / matching)
  • Bachelor or Master Degree on Economics, Mathematics or Finance.
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