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Job Title:Vice President
Department: MFS - OTC
About Business line/Function: MFS OTC DERIVATIVES – Regulatory Reporting
Position Purpose: To carry out daily regulatory reporting processing activities involving EMIR, ASIC, MAS and SFTR Regulations.
Responsibilities
Direct Responsibilities
- See to it that all the OTC trades, Valuation and Collateral are reported to Trade Repository (DTCC) in a timely manner.
- No reporting rejections on T+1. Proper follow up on all NACK’s
- Person should be familiar with EMIR, MAS and ASIC Reporting
- Highly Analytical and Problem Solving abilities – Trade Exceptions monitoring and reporting.
- Good understanding of NACK Resolution process in DTCC.
- Guarantee all Nacks/Rejection are actioned and resubmitted to DTCC
- Reconcile the DTCC position with Client position to ensure that all positions are in line.
- Prepare the monthly KRI and KPI, and guarantee the RAG’s are Green.
- Handle the group inbox and monitor the TAT to email responses.
Contributing Responsibilities
- Escalating exceptions to appropriate processing team for resolution.
- Reporting of exceptions in line with internal control and external client organisation needs.
- Contributing to team success. If needed by processing the activities as well.
- Contribute to the Operations Permanent Control framework
- Monitor turnaround times, and operational effectiveness. Resolve Internal, external stakeholder queries.
- Support MO to address ultimate client organisation needs and resolve customer complaints if any.
- Supervise preparation and submission of MIS and
- Reports to management as required and disseminate information to the Team.
Technical & Behavioral Competencies
- Thorough understanding of all Derivative product classes
- Robust analytical abilities, detail orientation, service commitment, and solid organizational and interpersonal capabilities.
- Good verbal and written communication.
- Aptitude to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines
- Familiarity with Computer applications, MS Office, Business Objects etc
- Familiarity with Back Office Operations, Processes and systems.
- Grasp on several regulations connected with Banking Operations.
- Operational Risk awareness
- Know-how on Banking Law & Practice
- Product Grasp on Cash Management
- Communications Capabilities Networking, Interpersonal & Team Establishing Abilities
· Taking Initiative and Risk Management Capabilities
· Client Focus and Decision Making Abilities
Specific Qualifications: N/A
Capabilities Referential (Required know-how, abilities and abilities)
Technical Capabilities:
Behavioral Competencies:
Education Level: Master’s degree or equivalent
Location: Chennai
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and core player in international banking. It operates in 65 countries and has nearly 185,000 employees, among them more than 145,000 in Europe. The Group has main positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses covering BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional client organisations. Based on its solid diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional client organisations) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model throughout several Mediterranean countries, Turkey, and Eastern Europe. As a core player in international banking, the Group has leading platforms and business lines in Europe, a sound presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, allowing it to contribute to the construction of a sustainable future, while securing the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas spanning the Group. Driving innovation and expansion, we are harnessing the potential of over 10000 employees, to deliver support and shape best-in-class solutions.
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 chance 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 core to our success in serving our client organisations and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is main to our success in serving our clients and the communities we operate in.
This Vice President - OTC vacancy is based in Chennai.
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Vice President - OTC at BNP Paribas.
This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to BNP Paribas's application process for this role.