Account Manager, Derivatives Clearing Operations

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!

Key Responsibilities:
  1. To actively participate to the middle office functions
  • Trades allocation and booking on behalf of our clients (contact with brokers).
  • For all give-up business, in coordination with the team, follow-up with the client and the counterparty to ensure that there is no pending at the end of the day. Justification of all pendings if any
  • For all take-up trades, in coordination with the team, ensure that client instruction is received and match with the deal received. Ensure no pending for take up at the end of the day. Justification of pending outstanding if any
  • To ensure that all client requests are answered and managed timely. To work closely with Client Solution team for escalation issue
  • Intraday feedback to client for break clearance
  • Follow-up and resolution of client claims
  • Processing all daily events linked to the Derivatives Clearing Midde Office business and stated in the daily task list (Exas, close-out, transfer, position limit monitoring, intraday margin call...)
  1. To actively participate to back office operations management
  • Processing reconciliation against the clearing house and/or sub-clearer
  • All reconciliations have to be performed within the prescribed and all breaks have to be justified and rectified following the defined procedure.
  • Manage the market fees reconciliation with the relevant clearing house or subclearer
  • Accounting posting
  • To be in a position to identify all major risk linked to the Listed Derivatives business, to be in a position to explain this risk and to take necessary action to avoid/mitigate it.
  • To ensure clients' confidentiality, compliance control and Management Control Plan are always processed with the relevant control in mind
  • Corporate action processing/ Regulatory reporting / Expiries management / Margin payments
  • To ensure all these events are managed properly within the time line according to the task list and the procedures
  1. To contribute to BNP Paribas Securities Services (BP2S) SG offer enhancement through:
  • Participation in testing new functionalities / new market implementation
  1. To work closely with all BP2S/BNPP relevant departments
  • IT: all issues have to be raised with the correct priority, status and with sufficient description
  • Treasury, Finance, Global Custody, other BP2S Listed Derivatives hubs: daily processes to be followed as per the task list
  • Compliance: all regulatory issues to be escalated to management and then to compliance
  • Listed Derivatives Client Service & Project teams: all new process or client request have to be discussed with the relevant team
  • Operational risk and Audit: to support all requests and to be able to answer with the support of the management
  1. Actively participate and work closely with colleagues in Chennai for LD operations outsourcing
  • To ensure all outsourcing functions are managed properly within the time line according to the task list and the procedure
  • To ensure all relevant risk and control are well taken care by Chennai and with Singapore as second level of control
  1. BPSS LD Training
  • Listed Derivatives SOP Procedures
  • To ensure that all the specific markets SOP have been read, understood and fully put in practiced.
  • Compliance Plan and Management Control Plan
  • To ensure that the above mentioned Controls are duly executed and the Rules and Procedures are duly understood and put in place.
  1. Client focus
  • Management of client expectation
  • To ensure that all client request are answered and client issue managed upon client requirement
  • To escalate to Client Solution any client request which cannot be handled by the account manager or in a timely manner
  • To manage service delivery issues
  • To know the standard service provided and all specific agreement in place with clients
  • To escalate to Client Solution and management all breach as per agreement
  1. Accounting
  • Ensure the accounting reconciliation and booking are performed. Follow, justify, and solve accounting breaks

Competencies (Technical / Behavioral):
  • Experience and knowledge of Listed Derivatives Clearing business
Specific Qualifications Required:
  • Bachelor degree
  • At least 3-7 years' of experience in a related field
Singapore Singapore Singapore SG