Chasing & Matching - Vice President

15 - 20 years

45 - 60 Lacs

Posted:1 day ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Position Purpose

Global Markets Documentation

The officer will be a part of the Chasing and Matching team for Foreign Exchange, Money Market, Equity Derivatives, Credit ; Interest Rate Derivatives and Commodity trading (power, gas, oil, precious metals).

Responsibilities

Direct Responsibilities
Chasing and Matching Team:

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

retrieved from clients executed for Interbank and Corporate Clients. The team covers a wide range of products traded by the Trading desks such as Vanilla products and the more complex Structured trades. The Chasing 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, Drafting team, Local back Office, Legal depending on the type of Litigation raised until resolution.

  • 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.
  • Play key role in Project Management
  • Take lead in KRI / KPI review call with onshore leads
  • Continuous review of processes and controls ensuring we minimize the Operational Risk to BNP Paribas.
  • Drive / lead Permanent Control framework
  • Efficiency save to be generated in line with Organizational objective through removal of manual touch points, automation, process improvements etc.
  • Support decision making process by performing data analysis
  • Periodically revisit existing KPIs to make it more robust for the betterment of the process
  • Formulate error remediation plan and implementation.
  • Periodic performance appraisal and constructive feedback to direct reports.
  • Lead process transition in collaboration with onshore counterparts
  • Drive process improvement initiatives within his / her remit.
  • To be pro-active and analyze potential risk to process well in advance.
  • Ensure proper documentation of controls, & audit trails. Ensure proper channels of escalation are abided by
  • Relevant weekly/Monthly/Quarterly meetings to be held with the teams
  • Bridge the gap on regional discrepancies and align with Global standards.
  • Client Centricity - continue to build on your teams reputation with all customers through clear communications and timely resolution to concerns raised.

Key results areas:

  • Hands on experience on OTC Documentation
  • Capacity to handle larger teams / continuous improvement/project delivery

Technical & Behavioral Competencies

Technical competencies

  • ISDA definitions & templates
  • Risk Management
  • Strong analytical skills
  • Ability to innovate
  • Strong team player and strong problem-solving mindset as well as client-oriented
  • Advanced proficiency in Excel & presentations
  • Ability to handle larger teams .
  • Basic understanding of OTC products
  • Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines

Behavioral Competencies:

  • Organized & good resistance to stress
  • Attention to detail
  • Ability to prioritize workloads & use a proactive approach to meet deadlines
  • Self-discipline & autonomy
  • Adaptability & Change Management: Fungible resource who is ready to adapt
  • Strong Client Focus: Client is at the center of all our concerns.
  • Escalation & Reporting
  • Effective escalation and consensus builder

Specific Qualifications (if required)
  • Significant experience in Documentation (drafting /chasing/matching)
  • Bachelor or Master Degree on Economics, Mathematics or Finance.
  • Fluent in English (both oral and written communication)

Skills Referential

Behavioural Skills:

Ability to deliver / Results driven

Personal Impact / Ability to influence

Creativity & Innovation / Problem solving

Communication skills - oral & written

Transversal Skills:

Ability to develop others & improve their skills

Ability to understand, explain and support change

Ability to inspire others & generate people's commitment

Ability to manage a project

Ability to set up relevant performance indicators

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 15 years

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BNP Paribas

Banking

Paris London

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