Delta One Trade Support, Global Markets Operations

Job description

BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you're valued as part of our team!

BNP Paribas

The BNP Paribas Group is a leader in banking and financial services, employing over 185,000 people across 75 countries and 5 continents. At BNP Paribas, we work continuously on behalf of our clients, helping them to realise their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now work in our multi-award-winning Asian offices and we are a committed player in all APAC markets.

In Asia Pacific, BNP Paribas has been present in the region for over 150 years and plans to grow its business from €2bl EUR to €3bl EUR by the end of 2016. With 9,000 employees in the region and a presence in 14 markets (with 3 main centres in Hong Kong, Singapore and Tokyo), BNP Paribas offers you the chance to grow with us in Asia Pacific.


Position Purpose

Global Market Operations is a global team, incorporated in 4 main platforms (New-York, London, Hong-Kong and Paris) working very closely with Front Office (FO) (Sales and Trading), Back Office, IT, Finance, Risk, Valuations & Risk Control and Process teams.

Its main missions are to support efficiently the Front Office over:
· Trade support: Trade bookings, validations and monitoring on trade repository P&L: Profit and Loss trading calculation and analysis

· Reporting Control & Cross services: Internal controls and reporting, Static and Market Data maintenance, Corporate Actions and Index Tracking monitoring

· Confirmation: Confirmations of trades

· Settlement: Settlements of trades

· Prime Brokerage

· Execution and Brokerage

Responsibilities

Main Objectives and Purpose

Product Scopes: Vanilla Options, Knock Out Forwards, Var/Vol Swaps, Forwards, CFD, Equities Swaps, Dividend Swaps, & Listed Products

Its Primary responsibilities are:

· To perform day-to-day core trade support functions to Trading including trade validation, late trade booking, trade amendment and cancellation

· To handle post trade allocation for SPB Clients

· To handle any post-trade events such as CA adjustment, secondary event booking and notification

· To be the middleman to co-ordinate all information from F2B to ensure smooth processing and settlement is properly performed

· To perform as an independent control team to strengthen all the control within Global Market Operations

· The team works closely with other Trade Support teams and Trading to ensure timely communication for any breaks identified.

· Main drivers are client service quality, independent control, operational risk safety and cost efficiency.

Daily Responsibility

Trade Booking, Amendment & Validation

• Book late Trade in PNL / Risk Trade repository Systems
• Validate Trade in PNL / Risk Trade repository Systems
• Amend or Cancel Trade in PNL / Risk Trade repository Systems

Reconciliations

• Perform FO/MO reconciliations between Trading End of Day books and morning data in PNL / Risk Trade repository Systems
• Check FO/BO reconciliations are performed and breaks corrected in PNL / Risk Trade repository Systems in a timely manner (If applicable & Not covered by PCA Team)

Trade Lifecycle Events

• Post trade allocation for SPB clients(Familiar with Agency DMA Cash workflows)

• Compute and notify trade events (Early Termination, coupons....)

• Monitor & Validate Barriers Crossing & Fixings mismatches

• Adjust booking in PNL / Risk Trade repository Systems further Corporate Action events

• All above processes / controls are described in details under ORUS & the FOS ASIA booklet is providing deeper explanation on team mandates / responsibilities & the definition of the officer standard day.
Projects

• Participate to global projects related to Trade Support processes improvements.

• Participate to local projects related to systems migrations.

• Active follow up on updating documentation of Trade Support processes.

Desired profile

Technical & Behavioral Competencies

3 – Required Competences

Technical Knowledge

• Strong Preference to have Bachelor or Master Degree on Economics, Mathematics or Finance.
• Strong Equity derivatives products knowledge including the F2B workflows and the product event management.
• Strong Preference to have MS and programming skills (VBA, Excel, Access) would be a significant plus.

Skills and competencies

• Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office
• Organized & good resistance to stress: This is a much faced paced dynamic environment; therefore excellent time management and good positive resistance to stress are compulsory.
• Attention to detail: Ability to ring the bell for any abnormal trade pattern and escalate in timely manner
• Innovation and initiatives (Think “outside the box”): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.
• Self discipline & autonomy: Have a constant “delivery on time” mindset, both on the daily production and on the projects handled. Ability to work on its own with little supervision.
• Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage…) as this is a constant changing environment
• Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
• Escalation & Reporting process: Internal rules of reporting and escalation to Ops and Front office need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management.

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