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 specialised 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
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, 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.
About Business line/Function:
MFS department is comprised of Agency lending, Principal Lending and Triparty collateral management teams and Regulatory reporting:
- Agency lending- As agent ,we lend clients assets both equity and fixed income on their behalf, to pre-approved borrowers.
- Operational process managed are settlements of Loan and returns, Mark to Mark valuation and collateral management.
Job Description – MFS Reconciliation
Job Title:
Associate
Date:
April 10 2025
Department:
Income and CA
Location:
GSO, Chennai
Business Line / Function:
Market and Financing Services
Reports to:
(Direct)
Team manager - Reconciliation
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
Position Purpose
Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.
Associate / Senior Associate will be responsible for performing daily tasks related to Global Reconciliation team carried out in the MFS department. He/ She will work on the daily tasks, reporting and investigation and will report directly to the Team Manager of the Reconciliation team. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the securities lending business is key along with basic knowledge of Settlement, Corporate Action, Collateral management, billing function related to securities lending business.
Responsibilities
Direct Responsibilities
¡ Should have strong understanding on Reconciliation process perform all the reconciliation and reporting tasks correctly.
¡ Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.
¡ Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries with in the timeframe agreed as per SLA and procedures.
¡ Post the manual journal entries correctly into the accounting systems
¡ Send daily/Weekly/Monthly/Quarterly break reports without fail and follow-up on high risk items with the concerned department for the clearance without fail.
¡ Perform contract compare in Equilend for all open contracts and investigate on breaks.
¡ Follow appropriate escalation procedures
¡ Strictly adhere to established departmental processing procedures and controls
¡ Anticipate issues that may adversely affect Operations and propose possible solutions.
¡ Constantly improve business knowledge through training and multi-skilling and ensure yourself is cross-trained across various functions in the team.
Technical & Behavioral Competencies
¡ Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
¡ Ability to work in a team environment in coordination with the colleagues and the mangers.
¡ Proficient in Microsoft Office Applications and strong MS Excel skills required.
¡ Work Experience in Intellimatch will be preferable
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Creativity & Innovation / Problem solving
Communication skills - oral & written
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to develop others & improve their skills
Ability to develop and leverage networks
Ability to develop and adapt a process
Choose an item.
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level
Beginner
Other/Specific Qualifications (if required)
