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.
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, corporate 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
Commitment to Diversity and Inclusion
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, color, 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.
About Business line/Function:
Principal Lending is past of MFS Sec Lending function:
- Temporarily transfers of title of the security (Loan) and associated rights and privileges.
- Lender has the Right to recall the security.
- Lender receives collateral from the borrower, valued higher than the value of the lent securities.
- The margin levels are “marked-to-market,” to ensure that the loan is sufficiently collateralized on all times.
- Pre-negotiated fee is charged by the Lender on the borrower for each loan till the loans are closed.
Job Title:
AVP - Principal Lending- Settlement and Client Management Operations
Date:
Department:
Principal Lending
Location:
Chennai
Business Line / Function:
MFS
Reports to:
(Direct)
Head of Principal Lending Operations
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
2 to 3
Directorship / Registration:
NA
Position Purpose
The AVP - Principal Lending operations will be responsible for taking care of the Back Office operations functions for Principal Lending Settlement and Client management operations in Chennai Location. He or She is responsible to monitor the productivity of the processes, monitor and manage risks, people, and overall governance of the department by efficiently channelizing the respective Managers/N-1s to provide high quality of service to the internal stakeholders, business and to the clients. He or She expected to drive strategic projects in the location by working efficiently with the Global stakeholders of other locations, to help in implementing global objectives.
Responsibilities
Direct Responsibilities
Operations
· Responsible for full back office operational functions of Principal lending operational processes such as Settlements, client management of new client and existing client’s issues, Global Static Data, Reconciliations, and Income & Corporate Actions across all regions (APAC, EMEA and Americas)
· Foster relationships across multiple areas in the firm including trading desks, operations, technology, compliance departments and global groups to standardize the processes.
· Enable brain-storming sessions with N-1s to identify recurring issues that impact Client and their desired level of services.
· Ensure procedures, skill matrixes are updated to-date, monitor the knowledge base of each team, and ensure there are no operational dependencies.
· Be a role model and act with high standards by being accountable and by taking ownership.
Risk Management
· Monitor the team's performance and quality of delivery against the agreed SLAs and standards Follow up on cash, trade & position breaks, pending fee payments of the activities.
· Closely monitor the non-cover report of collateral management and ensure sensitive clients with high book values are given extra care.
· Identify the pain points and implement the fixes and adequate control measures to maximize the standards to meet Client's desired level.
· Manage internal and external audit and own up the finding and recommendation and steer it until completion Implement temporary/strategic fix to reduce risk and manual work via consultative approach with Global stakeholders.
· Co-ordinate on all Audit related activities related to the perimeter and ensure results are "General Satisfactory."
· Fair understanding of the regulatory environment and upcoming changes.
Budget and Governance
· Conduct Monthly Service Level Calls with Paris Global Heads and conduct Weekly Management calls with N-1s to cascade management communications and receive key operational inputs, issues and incident follow ups
· Plan and define Business continuity Plan for each function to address a possible Extreme Risk Scenario
· Manage the cost code and budget allocation for the department and ensuring effective utilization are in line with the Global figures.
· Going beyond individual objectives for the benefit of the bank.
Recruitment and People
· Recruit competent, trainable, and culturally fit people in the department and ensure the staffs appraised for their performance without bias.
· Ensure objectives are set for the staffs, monitors & review performance conduct interim and annual performance reviews, and fair CRP exercise.
· Help the staff to develop their skills, improve their areas of improvements and other developmental goals to enhance their career growth.
· Identify the talents, built capabilities and created robust successive plan for each function.
· Mentor and motivate teams to achieve productivity and engagement.
· Encourage mobility and championing the diversity drive and achieved healthy gender ratio since 2020 Anticipating resource challenges, plan and strategies recruitments.
Technical & Behavioral Competencies
· Good Knowledge of application like Pirum, Equilend, Calypso.
· Demonstrate leadership skills through role model behaviors and professionalism.
· Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
· Ability to develop and cultivate relationships across all staff levels.
· Demonstrate integrity with data, colleagues, and Stakeholders.
· Ability to organize, prioritize tasks and work in a deadline-oriented environment.
· Ability to work under pressure and communicate well, being accurate and concise, ability to deliver to tight and demanding deadlines.
· Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.
· Must be able to demonstrate a strong Risk and Control mindset
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to deliver / Results driven
Communication skills - oral & written
Organizational skills
Personal Impact / Ability to influence
Transversal Skills: (Please select up to 5 skills)
Ability to develop and adapt a process
Ability to develop others & improve their skills
Ability to develop and leverage networks
Ability to understand, explain and support change
Ability to inspire others & generate people's commitment
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 10 years
Other/Specific Qualifications (if required)
Key Requirements
· Graduation from a recognized University, preferably a master’s degree in commerce or MBA (Finance)
· Candidate should have minimum of 10 years of overall experience in capital market operations (preferably a few years in Securities Lending/Custodian Operations) of a Multi-National Banking Company with at least 6-8 years of management experience
