About Business Line/Function
Global Market Operations, also known as COE (Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, P&L; and Valuation Controls, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L; and Valuation Controls & Trading Portfolio & Controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.
Within CIB Global Markets Operations, Valuation Controls (VC) is a global function whose main missions are articulated around second level control hubs in Europe, Asia and the Americas.
Valuation Controls, in conjunction with RISK MFI, is in-charge of independently verifying, analysing and reporting on the market parameters used in the valuation,
as well as analysing the impact of the use of independent market parameters in the valuation.
Purpose
Position Purpose:
- To support and control the accurate and independent marking of all parameters as required by regulators along with the derivation, analyse and reporting of results.
- To work on improving IPV (independent price verification) set up with the aim of increasing the accuracy of the figures and the efficiency of the processes.
Scope
- The scope of the IPV production is aligned by the parameters & GBL’s covered by EMEA Global Markets Valuation Controls team and may change due to current business requirements.
Responsibilities
Direct Responsibilities
- Ensure the daily IPV (aka independent price verification) of prices for the whole Global Equities activity (Equity Derivatives + Prime Services)
- Ensure the monthly independent price verification of prices for the not complex scopes of Global Equities activity (Equity Derivat
📌 FICC, ALMT (Mumbai)
🏢 BNP Paribas
📍 Mumbai
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