Global Market Documentation /Doc checker
- Kiya.ai
- 1 - 4 years
- Bengaluru
- 27 days ago
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Job Description
We are hiring for our Investment Banking Client for DOC checker
Company: Kiya.ai
Client : BNP Paribas
Job Title: Global Market Documentation
Location: Hybrid - Bangalore
Experience: 1-4 years
Interested candidates drop resume to sa*********r@ki*a.ai
Global Markets Documentation
The officer will be a part of the confirmation drafting team for Foreign Exchange, Money Market, Equity Derivatives,
Responsibilities
Direct Responsibilities
The Drafting team is responsible for ensuring that all BNP Paribas confirmations are Dispatched to clients i.e Interbank and Corporate Clients. The team covers a wide range of products traded by the Trading desks such as Vanilla products and the more complex Structured trades.
The Drafting team is also responsible to perform final verification of the trade economics before dispatching the final confirmations to counterparts.
The team works closely with other Trade Processing teams, legal teams and Front Office to ensure timely communication for any booking discrepancies, template issues and outstanding confirmations.
Also in the light of EMIR regulation and risk reduction, the target is to match all confirmations within one day and globally to reduce the outstanding confirmations delay.
Confirmation Drafting/Execution responsibilities:
To draft confirmations with counterparts for wide range of Products including Foreign Exchange, Money Market, Equity Derivatives, Credit and Interest Rate Derivatives.
To perform final verification of the trade economics before sending the final confirmation to counterparts
To support secondary events during the product life cycle such as Novation, Early Termination, etc.
To closely comply with EMIR, FED and Dodd-Franck regulation
To follow up any type of amendments requests
Draft and validate ISDA/AFB confirmations by referencing booking systems and term sheets for both financial institutions and corporate clients
Ensure confirmations are sent or suppressed in accordance with procedure
Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines
Prepare draft confirmations for potential trades as necessary
Ensure all correspondences are indexed into system to allow for future data retrieval
Bring Direct contribution to BNPP operational permanent control framework
Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
Ensure that documentation controls are done daily, comments detailed clearly, and be responsible for reliability of records
Ensure set KPIs are met
Contribute to the quality of the team by:
keeping personal training up to date
highlighting processing improvement opportunities
assisting in the training of new entrants
Preferably experience in OTC Derivatives
Technical & Behavioral Competencies
Technical competencies
Computer skills is highly a must
Fluent English
ISDA definitions & templates
Ability to prepare draft confirmations for trades as based on booking and term sheet
Basic understanding of OTC products
Ensure accurate completion of drafting tasks within the internal service level agreements, client requirement and regulatory timelines
Behavioral Competencies:
Organized & good resistance to stress
Attention to detail: the confirmation is the ultimate document which bind the bank with the counterparty, 100% correct is non-negotiable
Self-discipline & autonomy: Each team member has its own portfolio of clients, which need to be managed efficiently. Ability to work on its own with little supervision.
Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constant changing environment
Strong Client Focus: Client is at the center of all our concerns..
Escalation & Reporting process: all team members need to closely follow escalation rules in place with all different stakeholders. Comply with relevant regulatory targets e.g CFTC,EMIR targets. Being able to efficiently raise to manager issues encountered on a daily basis, even if those are not forecasted in existing processes
Job Classification
Industry: BankingFunctional Area / Department: Legal & Regulatory
Role Category: Legal Operations
Role: Legal Operations - Other
Employement Type: Full time
Contact Details:
Company: Kiya.aiLocation(s): Bengaluru
Keyskills: ISDA CLM Otc Derivatives Legal documentation Trade Confirmation Drafting Contract Review & Drafting EMIR Compliance SLA Trade Lifecycle Events
Kiya.ai
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