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Job Opening details:-
Company Name :-
BNP Paribas
Position Name :- Associate Level 1 – PortRec

Company Location :-
Mumbai, Maharashtra
Job Category :-
Jobs in Pune

Full Job Description :-
Job Description – US Process
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 Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

Job Title:
Associate Level 1

COCE Trade Processing & Support

Business Line / Function:
COCE Trade Processing & Support
Reports to:
Team Leader

(if applicable)

Number of Direct Reports:
Directorship / Registration:

Position Purpose

Performing OTC Derivatives Reporting and Reconciliation services. Responsible for performing daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations, and performing bilateral reconciliation with the brokers for OTC positions in Tri Resolve. Working closely with off-shore management, Account managers, internal and external stakeholders as part of their daily tasks. The staff will be working closely with all internal teams, Onshore teams (as per locations) and local management as part of their daily BAU. Good functional understanding of the OTC derivative business along with basic knowledge on OTC products and regulatory requirements is required.


Portfolio Reconciliation
Reconcile valuation and material trade terms trade data with counterparties in compliance with the compliance set forth by EMIR/ASIC/MAS regulation.
Research and identify the cause of the breaks.
Work with appropriate party to amend the breaks.
Evidence the cause of the breaks and its resolution.
Monitor dispute investigation and escalations.
Trade Repository
Ensured that OTC + FX trades, Valuation and Collateral are reported to Trade Repository (DTCC).
All Nacks/Rejection are actioned and resubmitted to DTCC.
Reconcile the DTCC position with Client position to ensure that all position are in line.
Contributing Responsibilities
Escalating exceptions to appropriate processing team for resolution.
Reporting of exceptions in line with internal control and external client requirements.
Contributing to the team success.
Additional Responsibilities
Responsible for the full front to back daily margin call process for specific clients:
Performing Data Quality analysis prior to issuing margin calls.
Margin Call Preparation Netting Cash Flows / Rolling Interest.
Margin Call issuance.
Booking of eligible Credit Support and fails management.
Substitutions of Collateral with both CCP and Client.
Client Reporting
Monthly interest settlements.
ISDA/CSA setup knowledge
Skills / Competencies
1. IT architecture & Operations
2. Continuous Improvement Achievements
3. Organization agility & optimization
4. Operational Risk & Control awareness
5. Asia regional focus; experience with cross platform / process project
6. External Customer & Service Focus
7. Takes initiative & is results driven
8. Decision capabilities
9. Excellent Interpersonal & Communication skills
10. Ability to innovate & manage change & complexity with confidence
11. Oral and written French communications

Specific Qualifications (if required)

Job Type: Standard/Permanent
Education Level: Bachelor’s Degree or equivalent
Experience Level: At least 2 years
Schedule: Full-time

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor


Client focused

Creativity & Innovation / Problem solving

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to develop and adapt a process

Ability to develop and leverage networks

Choose an item.

Education Level:
Bachelor Degree or equivalent

Experience Level
At least 2 years

Other/Specific Qualifications (if required)


Primary Location: IN-MH-Mumbai
Job Type: Standard / Permanent
Education Level: Bachelor Degree or equivalent (>= 3 years)
Experience Level: At least 2 years
Schedule: Full-time

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