Assistant Manager - OTC Valuation

"Assistant manager will be responsible for managing team and performing daily tasks related to OTC valuation & Booking teams carried out in the MFS department. He/ She will be working closely with off-shore management, Front office, Account managers, external vendors as part of their daily tasks and will report to local management in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the OTC derivative business along with good knowledge on OTC products & Booking,Corporate action,Trade Settlement,Trade life cycle, Collateral management is required. "

Responsibilities

- Monitor the emails and ensure that all the trades are booked as per the deadlines

- Providing trade notifications to third parties such as fund trustees.

- Resolving trade-related exceptions and investigate them until closure.

- Liaison with the Counterparties and settling the cash flows

- Liaison with the Paris OTC hub team, internal teams to resolve the breaks

- Process accurate OTC Valuations / Trade booking on Global basis within given deadlines.

- Interact with both internal and external parties to resolve pricing / trade booking issues and queries.

- Query resolution in accordance with time frames set out in Client SLAs.

- Handle valuation exceptions/breaks and investigate thoroughly before feeding the prices to downstream teams.

- Work with the Vendors and other parties to capture OTC Valuations.

- Resolve pricing / trade booking issues in a timely basis.

- Ensure all errors/break down of procedure are documented as per BNP Paribas policy.

- Should be responsible and ensure that all the allocated trades are completed

- Research and identify the cause of the breaks.

- Work with appropriate stakeholders to carry on with BAU smoothly

- Evidence the cause of the breaks and its resolution.

- Manage and monitor dispute investigation and escalations.

- 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.

- Identify and develop succession plan.

- Interact with both internal and external parties to resolve pricing / trade booking issues and queries.

Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

Proficient in Microsoft Office Applications and strong MS Excel skills required.

Thorough understanding of all Capital & Derivatives market, financial instruments, Investment banking process and above average accounting skills.

Good verbal and written communication.

Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.

Lead and motivate the employees in the department

Knowledge and skills required

Identify Operational Risk Areas within the Client Business Revenue Process.

Supervise, Monitor, Control and Co-ordinate all activities in the department.

Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

Proficient in Microsoft Office Applications and strong MS Excel skills required.

Experience of operations in a Fund Management, Custody, Reconciliation like cash and collateral.

Extensive experience of working within Derivative operations.

Thorough understanding of all Derivative product classes.

Process accurate OTC pricing / Trade booking on a Global basis within given deadlines.

Query resolution in accordance with time frames set out in Client SLAs

Work with the Vendors and other parties to capture OTC prices.

Resolve pricing / trade booking issues in a timely basis.

Ensure all errors/break down of procedure are documented as per BNP Paribas policy.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Adaptability

Critical thinking

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Ability to manage / facilitate a meeting, seminar, committee, training

Ability to develop others & improve their skills

Education Level:

Master Degree or equivalent