Interest Rates Middle Office Trade Support Analyst  …

BNP Paribas
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 01 Oct 19
Competitive
BNP Paribas
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 01 Oct 19
Competitive
BNP Paribas
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!
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 13 markets, BNP Paribas 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.

Worldwide, BNP Paribas has a presence in 73 markets with more than 196,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you're valued as part of the team.

* excluding partnerships

https://careers.apac.bnpparibas/

Position Purpose

• Provide support & control to the Vanilla IRFX Business conducted under BNP Paribas
• This role encompasses trade validation & booking in booking systems.
• Coordinate compressions

Key Responsibilities


1. TRADE SUPPORT
• Ensure that Rates Derivatives Vanilla are reconciled with external source (termsheets/ emails/ broker confirmations/ reuters conversation etc) and liaise with Front office to rectify discrepancies on the same day
• Ensure that deals are properly interfaced from Front Office to Middle Office and manually book the deals in Middle Office system in the event that interface is not working
• Post amendments, market events and cancellations
• Resolve queries from BO and other stakeholders
• Reconcile PV of trades between Front Office and Middle Office at the end of each day
• Account for all daily outstanding and unprocessed trades

2. FUTURES
• Ensure that brokered futures trades are reconciled with external source and rectify discrepancies on the same day
• Notify relevant parties for un-cleared futures trades sent by Paris Back Office
• Reconcile daily the Futures positions in Front Office and Back Office
• Monitor and notify Front Office on upcoming futures maturities
• Account for all unmatched Futures and highlight night/late transactions transacted

3. COMPRESSION
• Coordinate compression with TriOptima, Capitalab, bilateral parties and etc
• Participate and roll out new compression initiatives

4. CONTROL
• Comply with internal and external regulatory and compliance requirements
• Ensure all controls are in place and reconciliations front-to-back are investigated and reconciled:
i. Emails from Back offices, Middle offices and IT are investigated
ii. Emails from Credit Risk control are investigated
iii. Abnormal Trading are investigated and accounted
iv. Ensuring trades are booked timely on trade date
v. Account for missing booking and escalate when necessary
vi. Checking of daily reports

5. Others
• 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

Competencies (Technical / Behavioral)

• Basic knowledge in Interest Rates Derivatives products (IRS, CCS, FRA, Swaption, Bond options, Futures etc)
• Familiar with Middle Office Support functions
• Basic knowledge on VBA - Hands on experience to develop and modify Macro spreadsheet
• Murex knowledge preferred
• Responsible, meticulous, self-motivated, fast learner, positive attitude
• Possess great team spirit but yet can work independently
• Confident and possess good communication and interpersonal skills
• Highly driven, resourceful and result oriented
• Creative

Specific Qualifications Required


• Tertiary qualification
• Minimum 3 years relevant experience
• Ability to work on staggered hours (9am-6pm, 11am-8pm / 8am-5pm, 10am-7pm)
• Willing to work on public holiday on rotation basis
Company Overview

BNP Paribas established its presence in Singapore in 1968. We offer products and services in Corporate and Institutional Banking (Advisory and Capital Markets, and Financing Solutions), Wealth Management, Asset Management and Securities Services. Our clients include large multinationals, local and regional corporations, Financial Institutions and High net worth individuals.

BNP Paribas Singapore has more than 2,200 employees and is the Group’s hub for Southeast Asia, where it has core banking licences in all five Southeast Asian markets in which it operates – Indonesia, Malaysia, Singapore, Thailand and Vietnam.

To find out more about BNP Paribas in Asia Pacific, click here

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