Assistant Vice President - OTC - Regulatory Reporting

Job description

**Job Title:** **AVP** **Department** : MFS – OTC Regulatory Reporting **About Business line/Function:** OTC DERIVATIVES **Position Purpose:** Assistant Vice President (AVP) for performing OTC Derivatives Regulatory Reporting services. (AVP) will be responsible for ensuring the daily tasks related to reporting of OTC derivatives transactions, Valuation and Collateral to DTCC for various regulations is being completed by the team. He/ She will be working closely with off-shore management, Account managers, internal and external stakeholders as part of their daily tasks and will report to the Manager in Chennai. He / She will also act as the first level of escalation for all BAU related queries / issues. The staff will be working closely with all internal teams, Paris and local management, as part of their daily BAU. AVP will also be responsible for people management, formalizing the work allocations of the team members, discussing with the manager the mid-year and year-end performance-based ratings of the team members assigned to him as part of the performance appraisal. Candidate with good functional understanding of the OTC derivative business along with good knowledge of OTC products & regulatory requirements is required. **Responsibilities** Direct Responsibilities - Reconcile valuation and material trade terms trade data with counterparties in compliance with the compliance set forth by EMIR, MAS, ASIC regulations. - Monitor daily Acks,Nakcs and timely resolutons of all identified NACKS - Research and identify the cause of the breaks. - Work with appropriate teams to amend the breaks. - Evidence the cause of the breaks and its resolution. - Manage and monitor dispute investigation and escalations. - Prepare the monthly KRI and KPI, and ensure the RAG’s are Green. - Manage 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 requirements. Conduct / attend meetings with team members, Internal and External stakeholders on a regular basis. Conducting one on one sessions with team members to appraise their performance on a quarterly basis. Ensure the daily Checklist is signed by all team members and shared within the team. Act as SME within the team and as an escalation point of contact for any internal and external queries / issues. Should ensure having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness with the SMEs in the team Should be vigilant in terms of any identified errors/ incidents notified by the SMEs in the Team are immediately logged in the Incident portal (BIRDIE) and have utter follow up until the incidence is signed off and cleared from Audit end. Should ensure all the Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation are signed off by the Team SMEs without any delay. Should be able to follow up any further queries raised by stakeholders **Technical & Behavioral Competencies** ¡ Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills. ¡ 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. ¡ Extensive experience of working within Derivative operations. ¡ Thorough understanding of all Derivative product classes. ¡ Ability to take decisions in all circumstances and lead by example. ¡ The Proficiency in communication should witness in terms of independent working/ understanding details and decision making/ Easy to convey / No compromise in professionalism. **Specific Qualifications (if Required) – Portfolio REC - Triresolve** **Knowledge and skills required** - Strong analytical skills, detail orientated, service commitment, and solid organizational and interpersonal skills. - Identify Operational Risk Areas within the Client Business Revenue Process. - 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. - Experience of operations in Fund Management, Custody, Reconciliation like cash and collateral. - Query resolution in accordance with time frames set out in Client SLA’s - Work with the Vendors and other parties to capture OTC prices. - Resolve pricing / trade booking issues on a timely basis. **Technical Skills** **Skills Referential (Required knowledge, skills and abilities)** - Ability to understand, explain and support changes, - Analytical ability - Ability to develop and adapt to a process - Ability to manage/facilities a meeting,seminar,committee,training - Ability to develop others & improve their skills **Behavioral Skills** - Ability to collaborate/Teamwork - Adaptability - Creativity and innovation - Critical thinking **Education Level:** Master’s degree or equivalent **Location:** Chennai **About BNP Paribas Group** BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the