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Associate Level 1 - Hedge Fund Services

Type de contrat

Standard / Permanent





Métier / fonction


Postuler REF: ASS001434

Company Background

The Bank

With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.

BNP Paribas Securities Services

A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (Securities Services) has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.

Securities Services Chennai Hub

One of the three international operations centers, BNP Paribas Sundaram Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Our services include custody operations, fund accounting, middle office operations, static data management, IRP and other transversal services.

Job summary

Roles and responsibilities         


-          Independent delivery of accurate and timely NAVs for hedge funds – with high volume or / and complexity (having  equities, bonds, future, options, etc. as holdings) by completing all of the following processes:

o   Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks

o   Income reconciliation (dividends and interest)

o   Manual Pricing and Pricing review

o   P&L review and Tolerance checks

o   Fees accrual, management and performance fee calculation and booking

o   Capital bookings and reconciliation with Investor services system reports

o   TB tie out and compiling NAV pack

-          Could be required to review simpler hedge fund NAVs

-          Delivery on audit requests and resolution of all queries on the same

-          Participation in system development projects, process change projects, etc.

-          Ensure appropriate checks and balances are followed and documentation  is maintained to ensure no internal quality or internal compliance, internal audit or ISAE findings

-          Compliance with all internal organizational and business policies

-      Troubleshoot issues of other team members and mentor / coach / buddy them


Job requirements

Number of staff supervised: None

Educational qualifications: Graduation/Post Graduation with specialization in Finance / NCFM Certified .

Total years of experience: 2-3years

Relevant years of experience:  2+ years

Knowledge and skills required

·         Strong hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).

·         Should have deep working knowledge of asset classes like equities, bonds, futures, options and swaps i.e. how they operate in real world.

·         Experience on Advent Geneva system would be preferred – an added advantage.

·         Decent experience on Microsoft Excel – Pivots, financial functions, etc.

·         Should be able to do multi-tasking and deliver under pressure


Job specific competencies

Client Focus

Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.


Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.

Team Work

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

Continuous Improvement and adaptation

Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.
Primary Location: IN-MH-Mumbai Job Type: Standard / Permanent Job: OPERATION PROCESSING Education Level: Master Degree or equivalent (> 4 years) Experience Level: At least 1 year Schedule: Full-time
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