About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
About BNP Paribas Solutions - Philippines Branch
Established in 2024, BNP Paribas Solutions Philippines Branch is a branch of BNP Paribas Group, a leading bank in Europe with an international reach. We provide support services. back-office operations services related to or which further the accomplishment of the corporation’s investment services, banking transaction processing, and equity investment.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
About Business line/Function:
Global Market Operations, also known as COCE (client operating center of excellence), is further divided into 4 departments i.e. Trade Processing & Support, Product Control, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.
Position Purpose
The AVP of IRD Trade Validation (Individual Contributor) – is accountable for the delivery of the IRD Derivatives Trade Support Activities within the OTC & LD Trade Validation team which processes any OTC & LD Transaction for which terms & conditions are negotiated, with the mandate to ensure that it is correctly represented in the booking system, consistent with the sale and allocated if necessary. They will also ensure that the transaction is correctly feeding FO to BO booking systems.
The Trade validation team is (1) responsible for accurate trade validation of OTC Derivative Product within BNPP Systems. (2) Ensure trade amendments are performed in a timely fashion, and their PV are checked & validated. (3) Escalate any mismatch on the trade to the FO & Management that may indicate a wrong position or transaction in the FO System. (4) Run all required controls on key elements
Responsibilities
Direct Responsibilities
- Booking validation of IRD trades at inception and Amendments responsibility as per the Amend & Cancel policy
- Implementation of transversal controls complying with new Regulatory constraints
- Definition and implementation of remediation plan following potential incidents
- Contribution and implementation of transformation projects
- Build strong association with Desk Head, Traders, Business Managers and Sales.
- Liaison with Associated teams within the Service Control utility to help resolve trade related Fobo breaks.
- Liaison with Global Operations lead to driving product strategy, work with Front to back teams to eliminate manual work and increase STP
Contributing Responsibilities
- Providing solutions to new business initiatives
- Reviewing workflow and propose enhancements to improve processes
- Review controls are updated and reviewed regularly
- Providing training and guidance to junior members
Technical & Behavioral Competencies
- Must have advance knowledge in Interest Rates Derivatives products (IRS, CCS, Swaption, Range, Callable) and FX Options
- Strong familiarity with Middle Office Support functions
- Sound knowledge on VBA – Hands on experience to develop and modify Macro spreadsheet
- Strong focus on accuracy, attention to detail and ability to work under pressure
- Possess great team spirit but yet can work independently
- Strong communication skills and stakeholder management capabilities.
- Highly driven, resourceful and result oriented
- Must have at least a bachelor’s degree in financial management, Business Administration, other related fields.
Experience: 12+ years of experience in OTC, Rates, IRD, Middle Office, ETD, Etc.
(Team Management experience will be added advantage)