Irfx Middle Office Trade Support Officer

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 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 68 markets with more than 193,000 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.
- excluding partnerships

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

**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 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:

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 (for Associate and above)**
- 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)**
- Minimum 3 years’ experience in IRD trade support (knowledge in Interest Rates Derivatives products (IRS, CCS, FRA, Swaption, Bond options, Futures etc))
- 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

Is the role SEC SBSD Associated Person (employment questionnaire and background checks required; their outcomes need to be validated by an authorized representative of the bank)? NO

Is the role SEC SBSD Associated Person Supervisor? NO
- Bachelor Degree or Equivalent (3 years) preferred in Finance
- Ability to work on staggered hours (9am-6pm, 11am-8pm )
- Willing to work on public holiday on rotation basis