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BNP Paribas
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Senior Associate - Repo Bond Settlements

Senior Associate - Repo Bond Settlements

BNP Paribas

5 - 10 years

15 - 30 Lacs

bengaluru

Posted:1 day ago| Platform:

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Skills Required

settlements operational risk accounting static data financial markets financial analysis software testing cash management investment banking business analysis trade settlements capital market corporate actions derivatives trade fixed income finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

Position Purpose

Primary responsibilities of the team includes:
Settlement of Repo/Bonds transactions and associated products in a timely and cost effective manner
Timely resolution of nostro and depot breaks
Mitigation of operational and reputational risk by escalating in a timely and efficient manner
Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities
Key Responsibilities:

Responsible for the settlement of Repo and Bonds transactions & associated products booked in Calypso, on a timely and cost effective basis by:
- Ensuring all trades are instructed, matched & settled on a timely basis
- Monitoring of failing trades
- Reducing fails and/or potential fails by means of pairing off or partialing down deliveries
- Minimizing fails by means of partial deliveries where possible
- Pre-matching trades in a daily basis
- Cash Management related with funding trades

Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
- By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
- By passing entries to the Calypso systems to clean up outstanding items on a timely basis
- By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
- By investigating and solving accounting breaks raised by Securities Control & Accounting teams
- Escalating items that represent operational risk to the direct Manager

Contribute to the minimisation of settlement costs & operational risk:
- By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
- Monitors and take appropriate actions in case of market risks (buyins)
- By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
- By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
- If necessary, using the escalation process when operational risk is detected

Contribute to the overall successful running of the settlement department:
- By maintaining close relationships with traders and sales and escalating problems to them promptly where required
- By maintaining good working relationships with domestic agents and custodians
- By communicating with, and assisting, other operational departments where needed
- Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Skills and competencies:

Ability to analyse, organize and report efficiently
Flexibility on working methods and changing international environment
Rigorous and reactive in order to face pressure and reach excellence anytime
Diligently follow the set procedures and Compliance policies
Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
English speaker

Experience Required

Minimum of 5 years experience

Skills Referential

Behavioural Skills : (Please select up to 4 skills)

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 5 years

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