Job Title: Assistant Vice President – IADS
Department: IADS
About Business line/Function:
Investment Analytics and Data Service (IADS) team is a department of BNP ISPL providing performances and reporting services to Asset Managers and Institutional clients. Services provided by IADS include state-of-the-art performances and risks calculations delivered online or through wide range of reports (accounting packs, Investment reviews, Solvency II) or data feeds
Position Purpose:
Investment Analytics and Data as Service (IADS) team is a department of BNP Paribas Securities Services providing performance and Risk reporting services to Asset Managers and Institutional clients. Services provided by IADS include state-of-the-art performances and risks calculations delivered online or through a wide range of reports (accounting packs, Factsheets, Investment reviews) or data feeds.
The “Manager” will be a Lead or an SME of the IADS Production Team (EMEA or APAC), which is responsible of delivering Performance and Risk Reports to clients across the world. The IADS team works in multiple shifts including Australia, Singapore, France and UK timings. Few of the key deliverables include:
- BackOffice Support to the performance and reporting services provided by the other IADS Locations,
- Performances and Risk reporting services directly provided to clients in APAC and EMEA region
Development and maintenance of the IADS systems (Large majority of IADS systems is developed in-house)
Responsibilities
Direct Responsibilities
IRP RISE Project team is a team of experts from across all IRP end to end streams starting from Acquisition, Calculation and Reporting (Static and Dynamic) and with a mix of Operations, Business Analyst and Implementation experts.
· The core activity lies in understanding the client requirements and transitioning the clients from legacy IRP platform to RISE platform successfully. The challenges could range from gaps in data availability in legacy platform, calculation methodology gaps, and logistical issues among others.
· The role is diverse, demands the expertise of client reporting and investment performance functions.
· The individual will be responsible for both the migration and validation of various reports such as Accounting Reports, Investment Reports, Performance Reports, Risk Reports, and Attribution etc.
· The role majorly requires timely and prompt coordination and communication with various stakeholders in Chennai and Paris.
As a RISE Project Team Member, you will be in charge of the following,
Main Responsibilities:
¡ Ideal candidate – 50% Client Migration, 30% BA activity, 20% Perf Calc & validation
¡ Client Migration in IRP-RISE can range from setting up funds and benchmarks, loading the client data, setting up client funds, setting up calculations, designing Reporting templates into existing systems in coordination with other team members
¡ BA activity can involve writing requirements for solution changes, scripts or demo documents, user guides for operations, support manuals among others
¡ Perf Calculation Validation can mean comparison between the legacy and RISE calculations and analysis of any gaps noticed based on the migrated clients. Also communicating with the management on the gaps and supporting on the resolution of the same.
¡ Propose and advise about the feasibility and suitability of possible solution to optimise Performance reporting
¡ Conduct Meetings with multiple locations to understand the need and report the progress on the agreed services.
¡ Understand all areas of IRP, and IRP systems, and where appropriate develop specialist expertise to manage the Support, Change Requests, Projects and Client Onboarding
¡ Recruitment, Training, People Management, Resource Planning, Addressing the Interpersonal issues, Team building etc.,
¡ Understand all areas of IRP and IRP applications, develop cross-functional expertise to own the support issues and define a quick solution for issues and productivity improvements
¡ Ability to analyse the issues, identify the root cause, summarize the analysis and present it to the Management.
¡ Demonstrate strong managerial, analytical and problem-solving skills
¡ Work with performance analysts to propose improvements to current production processes
Contributing Responsibilities
· Participation to IADS System evolution
o Suggestion of requirements
o Participation to user acceptance testing
o Adhering to the compliance requirements of the organization
· Recommend and implement improvements to service for both clients and BPSS Investment, in terms of efficiencies and new products and services
· Ensure a robust and automated performance process in a controlled environment
· Investigate, document, report and resolve issues and recommend corrective action where appropriate
Technical & Behavioral Competencies
· Knowledge and experience of Investment Performance Calculation (L1, L3) and/or Portfolio Accounting methodologies
· Experience and /or aspiration to work in a Project role in a demanding environment
· Working experience or a passion for Business Analysis, Platform Migration and Client Onboarding
· IRP Legacy applications (for internal candidates) and/or Bisam B-One is an added advantage
· Practical knowledge of SQL
· Strong understanding of financial markets, investment management and asset management
· Understanding on performance measurement, performance attribution analysis, and calculation methods.
· Understanding of Bloomberg, Reuters
· Strong analytical and problem-solving skills
· Strong communication skills, both written and verbal
· Basic Excel and VBA skills
Specific Qualifications: Not Applicable
Skills Referential (Required knowledge, skills and abilities)
Transversal Skills:
- Ability to understand, explain and support change
- Ability to develop and leverage networks
- Ability to develop and adapt a process
- Ability to set up relevant performance indicators
Behavioral Skills:
- Ability to collaborate / Teamwork
- Ability to deliver / Results driven
- Communication skills - oral & written
Education Level: Master Degree or equivalent
Location: India, Chennai
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
