Assistant Vice President - OTC Valuation

Job description

**Position Overview** - Lead the OTC‑valuation and trade‑booking team for the MFS‑OTC Derivatives business - Ensure all OTC trades are booked, priced and settled accurately and within the required deadlines - Oversee exception handling, root‑cause investigations, and documentation in line with BNP Paribas policies - Partner with front‑office, account managers, collateral teams, external vendors and Paris‑based counterparts to deliver a seamless “valuation‑to‑NAV” process - Provide people‑leadership, performance management and succession planning for the team **Job Responsibilities** **Team & Process Management** - Supervise daily activities, monitor performance and enforce compliance with SOPs. - Motivate, coach and develop team members; create a succession plan. - Document procedural deviations and ensure adherence to BNP Paribas policies. **Trade Booking & Instrument Setup** - Book client tickets in Calypso (MO application) following prescribed procedures. - Create new instruments by coordinating with the static‑data team. - Communicate with clients to resolve ticket‑related queries and meet booking deadlines. **Valuation & Pricing** - Process accurate OTC valuations on a global basis within SLA time‑frames. - Work with pricing vendors and counterparties to capture market prices. - Deliver clean pricing data to downstream systems (NAV calculation, collateral, trade repository, portfolio reconciliation). **Exception & Break Management** - Monitor email inboxes and exception queues; investigate and resolve trade‑related breaks. - Document investigations, evidence root causes and close tickets. - Escalate unresolved issues to appropriate processing teams or senior management. **Cash‑Flow & Settlement Liaison** - Coordinate with counterparties for cash‑flow settlement. - Liaise with the Paris OTC hub and internal teams to resolve settlement discrepancies. **Stakeholder Interaction & Reporting** - Provide trade notifications to third parties (e.g., fund trustees). - Respond to internal and external pricing/booking queries. - Report exceptions in line with internal control frameworks and client SLA requirements. **Continuous Improvement & Risk Management** - Identify operational‑risk areas within the OTC workflow and propose mitigations. - Contribute ideas for process optimisation, automation and best‑practice adoption. **Required Education, Skills & Experie *nce (Must‑Have)*** - Master’s degree (or equivalent) in Finance, Economics, Business, Mathematics, Engineering or a related discipline. - 5‑8 years of experience in OTC derivative operations (fund management, custody or global banking). - Hands‑on experience with OTC products such as IRS, CDS, CDX, OIS, inflation swaps, total‑return swaps, swaptions, options and forwards. - Demonstrated ability to lead a team and meet strict SLA deadlines. - Advanced MS Excel (pivot tables, macros, complex formulas) and strong Microsoft Office proficiency. - Proficiency in Calypso (MO application) for trade booking. - Solid understanding of the trade lifecycle: booking, corporate actions, settlement, collateral management, trade‑repository reporting. - Deep knowledge of OTC derivative market conventions and pricing. - Good grasp of accounting implications of derivatives (fair‑value, accruals, NAV impact). - Familiarity with relevant regulatory frameworks (EMIR, Dodd‑Frank, COLVA). - Strong analytical and problem‑solving abilities; meticulous attention to detail. - Excellent written and verbal communication. - Ability to work independently and collaboratively, prioritising multiple tasks under pressure. - Leadership, coaching and talent‑development capabilities. - Adaptability, creativity, critical thinking and a service‑oriented mindset. - Ability to identify operational‑risk areas and implement controls. - Experience coordinating with offshore/on‑shore teams across different time zones. **Preferred Education, Skills & Experi *ence (Nice‑to‑Have)*** - Professional certifications such as CFA, FRM, PRMIA, or an IIF derivatives certification. - Experience with additional trade‑capture or valuation platforms (e.g., Murex, Openlink, Algorithmics). - Basic programming or scripting skills (Python, VBA) for data manipulation and automation. - Project‑management training or proven experience leading large‑scale change programmes (PMP, PRINCE2). - Direct involvement in regulatory reporting (EMIR Trade Repository, US Swap Reporting, etc.). - Advanced data‑analytics or visualisation skills (Power BI, Tableau, etc.). - Knowledge of collateral‑management systems (triOptima, Bloomberg Collateral Management, Murex Collateral). - Fluency in French (or another EU language) to facilitate interaction with the Paris hub and European counterparties. **BNP Paribas India Sol** utions – A wholly‑owned subsidiary of BNP Paribas SA, created in 2005. With delivery centres in Bengaluru, Chennai and Mumbai, the 24 × 7 global delivery hub serves Corporate & Institutional Banking, Investment Solutions and Retail Banking across the Group. Over 10 000 employees collaborate to design and deliver best‑in‑class solutions for our clients. **Commitment to Diversity & Inclusion** We foster a workplace where every employee is respected, valued and free to bring their authentic self to work. Discrimination or harassment of any kind is prohibited. Our policies guarantee equal employment opportunity irrespective of gender, gender identity, sexual orientation, ethnicity, race, colour, national origin, age, religion, disability, veteran status or any other protected characte *ristic.* ***BNP Paribas is committed to diversity and inclusion. We provide an equal‑opportunity workplace where every employee is respected, valued and free to bring their authentic self*** to work.