Brokerage Support

Job Description

*About BNP Paribas Group:BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.About Businessline/Function :Brokerage and Transaction Fees Management Team are responsible for:
• Commercial management of transaction cost base for Fixed Income, Equities and Commodities businesses.
• The relationship (and risk) management of interdealer brokers (to ensure these are in good standing).
• Management reporting of fees and 3rd party relationships to Front Office management and heads of desk.
• Operation of controls and systems that ensure correct application of contracts and fees.
Job Title:Assistant Manager - Brokerage SupportDate:Department:ISPL Procurement - PCoELocation:MumbaiBusiness Line / Function:ProcurementReports to: (Direct) Manager PCoEGrade: (if applicable)Sr Assoc (Functional) Number of Direct Reports:NADirectorship / Registration:NAPosition Purpose Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team s goal. The role is to assist the Brokerage Buyers and Senior Procurement Manager Brokerage based in London completing a number of operational tasks and process checks. This role supports the management of Brokerage and (Trading) Transactional fees for CIB Global Markets globally working directly with the UK Procurement Brokerage team. Responsibilities Direct Responsibilities
• Manage the Requests Process using the MAOS tool. Validate the request step against required information received by Business or Broker. Interact with MAOS team on request actions as directed by Brokerage Buyers. Ensure MAOS activities reflect current status.
• Complete Invoicing Queries queries/checks as raised by the Back Office Invoicing Functions including validating rates vs query. Raise awareness to Brokerage Buyers for any missing rates requiring negotiation. Update the referential IBIS rates tool as directed by Brokerage Buyers. Ensure all rate entries have a corresponding rate card uploaded into the IBIS system.
• Assist in KYC Recertification actions. Check Broker activity and status for KYC recertification to proceed. Provide rate cards and Broker contacts for Client Management Due Diligence Activities on KYC recertification and deactivation as directed.
• Assist in the financial report information and data gathering from the Back Offices globally. Run financial reports from internal systems to build the cost reporting data. Work with the Brokerage Buyers to create the financial reports.
Contributing Responsibilities Technical & Behavioral Competencies
• 3-5 years experience working in Sourcing & Procurement domain or Operations function
• Financial Services / Capital Markets experience / some knowledge of fixed income, equities and commodities products.
• Operational or administrative background with experience of research and invoice queries.
• Effective verbal and written communication skills
• Attention to detail, manage multiple undertakings at the same time and focus on priorities
• Experience working successfully in a multicultural environment
• Proficiency in Microsoft Office (Word, Excel)
• Good problem-solving skills
• English required
Specific Qualifications (if required)A minimum graduation degreeFinance post-graduation will be an additional advantage Skills Referential Behavioural Skills : (Please select up to 4 skills)Critical thinking Communication skills - oral & writtenChoose an item.Choose an item. Transversal Skills: (Please select up to 5 skills)Analytical Ability Ability to understand, explain and support change Choose an item.Choose an item.Choose an item. Education Level: Bachelor Degree or equivalent Experience Level At least 7 years Other/Specific Qualifications (if required)NA,

Keyskills :
front office managementback officeglobal deliverymanagement due diligence