Job Description
SENIOR ASSOCIATE (JOB NUMBER: MO 001671)
Job Description – APAC
Job Title:
Senior Associate
Date:
Department:
Mo- Derivatives
Location:
Mumbai
Business Line / Function:
IFSO
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NIL
Directorship / Registration:
Position Purpose
To efficiently measure and manage the reconciliation process within BNP ( MO-Derivatives ) . The goal is to match all comparable positions and identify breaks on a daily basis so that they can be categorized and corrected, either with a request to the Client /Investment Manager/Broker, or in the internal system
Responsibilities
Direct Responsibilities
Ensure all derivative activities are produced accurately and in a timely manner.
Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.
Ensure high level of communication network is established will all the departments within the Business
group.
Defining the Key Performance Indicators for the process and achieving the same on a regular basis.
Collating the data and providing MIS to Supervisor in a timely manner.
Cash Management
ETD margin management and processing.
Cash Collateral management and processing.
OTC Coupon processing.
Processing of accounting entries.
Contacting custodians on cash settlement on a daily basis.
Trade Processing
Processing Derivative trades in internal systems.
Providing trade notifications to third parties such as fund trustees.
Resolving trade-related exceptions.
Validation of security and trades set up in the Application.
Reconciliation and Investigation
Reconciling ETD and OTC positions and cash to clearing brokers.
Reconciling CFD positions and cash to brokers.
Reconciling OTC Cash Collateral to Brokers
Investigating and resolving custodian cash exceptions for all 3 product classes.
Escalating exceptions to appropriate processing team for resolution.
Reporting of exceptions in line with internal control and external client requirements.
Technical & Behavioral Competencies
Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills
Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
Supervise, Monitor, Control and Co-ordinate all activities in the department.
Lead and motivate the employees in the department
Identify and develop succession plan.
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.
Specific Qualifications (if required)
Knowledge on OTC and ETD products
OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options.
ETD – Futures and options on all major exchanges globally.
CFD
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to deliver / Results driven
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Ability to set up relevant performance indicators
Ability to develop and leverage networks
Ability to develop and adapt a process
Education Level:
Master Degree or equivalent
Experience Level
At least 5 years
Other/Specific Qualifications (if required)
Candidates should be willing and flexible to work in any shifts
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Master Degree or equivalent (> 4 years)
Experience Level : At least 5 years
Schedule
: Full-time
Job Description – APAC
Job Title:
Senior Associate
Date:
Department:
Mo- Derivatives
Location:
Mumbai
Business Line / Function:
IFSO
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NIL
Directorship / Registration:
Position Purpose
To efficiently measure and manage the reconciliation process within BNP ( MO-Derivatives ) . The goal is to match all comparable positions and identify breaks on a daily basis so that they can be categorized and corrected, either with a request to the Client /Investment Manager/Broker, or in the internal system
Responsibilities
Direct Responsibilities
Ensure all derivative activities are produced accurately and in a timely manner.
Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.
Ensure high level of communication network is established will all the departments within the Business
group.
Defining the Key Performance Indicators for the process and achieving the same on a regular basis.
Collating the data and providing MIS to Supervisor in a timely manner.
Cash Management
ETD margin management and processing.
Cash Collateral management and processing.
OTC Coupon processing.
Processing of accounting entries.
Contacting custodians on cash settlement on a daily basis.
Trade Processing
Processing Derivative trades in internal systems.
Providing trade notifications to third parties such as fund trustees.
Resolving trade-related exceptions.
Validation of security and trades set up in the Application.
Reconciliation and Investigation
Reconciling ETD and OTC positions and cash to clearing brokers.
Reconciling CFD positions and cash to brokers.
Reconciling OTC Cash Collateral to Brokers
Investigating and resolving custodian cash exceptions for all 3 product classes.
Escalating exceptions to appropriate processing team for resolution.
Reporting of exceptions in line with internal control and external client requirements.
Technical & Behavioral Competencies
Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills
Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
Supervise, Monitor, Control and Co-ordinate all activities in the department.
Lead and motivate the employees in the department
Identify and develop succession plan.
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.
Specific Qualifications (if required)
Knowledge on OTC and ETD products
OTC – Swaps (IRS, CDS, CDX, Overnight Index, Inflation and Total Return), Swaptions, Options.
ETD – Futures and options on all major exchanges globally.
CFD
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to deliver / Results driven
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Ability to set up relevant performance indicators
Ability to develop and leverage networks
Ability to develop and adapt a process
Education Level:
Master Degree or equivalent
Experience Level
At least 5 years
Other/Specific Qualifications (if required)
Candidates should be willing and flexible to work in any shifts
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Master Degree or equivalent (> 4 years)
Experience Level : At least 5 years
Schedule
: Full-time
💡 Quick Summary
Seeking a career-building opportunity? The Senior Associate position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
