Analyst - Settlements & Cash Specialist

Business Overview:

BNP Paribas Securities Services is a multi-asset servicing specialist committed to helping clients achieve their ambition both in terms of investment and cross-border distribution. Our extensive network of over 95 markets and the rich diversity of our people enables us to provide our institutional clients with the connectivity and local knowledge they need to navigate change in a fast-moving world.

Within Securities Services, and among the business units and professionals supporting clients globally, is the Custody Settlements and Cash Operations team of BNP Paribas NY Branch (Bank/Global Custodian business). Our team supports client’s post-trade processes including trade and global CCY cash settlement along with foreign exchange, mutual fund and physical certificate management. This role is based in the Chesterbrook, PA office and is part of a dual-office structure with peers located in the Lisbon, Portugal offices of Securities Services. The team manages the daily flow of financial transactions, settlement and reporting between the client and the local market agent or international/central securities depositories. While the team’s volumes and daily activity is weighted towards the US market (DTC/NSCC, Fed), our coverage includes the fast-growing global custody offering that is supported across regions.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities: 

• Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation
• Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
• Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
• Inquiry management, with attention to established timelines
• Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
• Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
• Elevate potential risk – client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
• Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
• Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency.
• Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
• Actively participate and contribute to personal development and career development alongside the team lead/manager – training courses, research, BNP initiatives, etc.
• Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
• Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
• Actively participate in projects – independently, with team/partners, and regionally

Minimum Required Qualifications:

• College/University degree
• Experience in the financial services industry at a bank/broker, service provider or as a custodian
• Familiarity with the trade lifecycle and industry participants to the process flow
• Fed direct participant experience – 1 years or more

Preferred Qualifications: 

• SWIFT messaging - securities, cash, reporting and FX message types
• Client or Operational support experience for global agent network
• Background in project lifecycle participation, delivery and reporting
• Fedwire or CHIPs funds transfer experience
• DTC experience (or global depository, ICSD)

FINRA Registrations Required:

• Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

The expected starting salary range for this position is between $65,000 to $75,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.