Senior Associate - OTC Valuation

Position Purpose

Senior Associate will be responsible for performing daily tasks related to OTC valuation & Booking teams carried out in the MFS department. He/ She will be working closely with offshore 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

Direct Responsibilities

-Processing OTC Derivative trades in internal systems manually and validate them accordingly.

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

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

-Involve in few supervisory controls related to BAU during absence of supervisors/TL.

-Take ownership in BAU issues and work closely with Supervisors to resolve it. Involve in new process migration testing, new product testing from time to time.

-Liaison with the Counterparties and settling the cash flows.

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

-Query resolution in accordance with time frames set out in Client SLA's.

-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 BNPParibas policy.

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.

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

Technical & Behavioral Competencies

-Proficient in Microsoft Office Applications and strong MS Excel skills required. Thorough understanding of all Derivative product classes

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

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

-Extensive experience of working within Derivative operations.

-Thorough understanding of all Derivative product classes.

Specific Qualifications (if required)

Knowledge and skills required

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

-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 ClientSLA's

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

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

Skills Referential

BehaviouralSkills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to deliver / Results driven

Ability to share / pass on knowledge

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 develop others & improve their skills

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

Education Level:

Bachelor Degree or equivalent

Experience Level

Beginner

Other/Specific Qualifications(if required)