DEC BROKERAGE

 


About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions

About Business line/Function:

Cash Equities Arbitrage settlements looks into the confirmations and settlements for Cash Equity trades for all APAC markets. Team has to ensure the trades are settled on time as per market cutoffs. Team needs to liaise with MO/FO incase of team discrepancies to ensure smooth settlement of trades. Along with this, ETFs, IPOs and conversions are also taken care by the team. Team works on unmatched/fails reports from custodian. Daily there is FOBO, Cash and Stocks reconciliation to ensure no breaks between systems vs custodian

Job Title:

Associate /Sr. Associate

Date:

Department:

DEC Brokerage

Location:

Bengaluru

Business Line / Function:

Derivatives Execution & Clearing Operations

Reports to:

(Direct)

Team leader

Grade:

(if applicable)

na

(Functional)

Number of Direct Reports:

na

Directorship / Registration:

NA

Position Purpose

To manage Brokerage function as per give up agreement for the clearing function.  Ensure accurate settlements.

Responsible for processing all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company’s revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Payable

  • Processing accounts and payments in compliance with financial policies and procedures
  • Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables’ data
  • Reconcile the accounts receivable ledger to ensure properly posted.
  • Execution fee setup in the back office system
  • Registration of broker invoices and reconciliation of trades & fees
  • Instruction of invoices settlement
  • On board process – Establish Give-up agreement

Receivables

  • Receiving and sorting incoming payments
  • Managing the status of accounts and balances and identifying inconsistencies
  • Issuing invoices
  • Assume the responsibility of receiving and sorting incoming payments with attention to credibility
  • Update accounts receivable database with new accounts or missed payments
  • Ensure all clients remain informed on their outstanding debts and deadlines
  • Provide solutions to any relative problems of clients
  • Write thorough reports on billing activity with clear and reliable data
  • Chasing Paying agent to obtain payments

Risk control and supervision:

  • Monitor activity progress against the goals and take appropriate corrective action as and when it is required
  • Control and ensure that all tasks are processed accurately and on a timely manner
  • Identify risk, suggest implementation of a first level of control.

Contributing  Responsibilities

  • Deal with client and brokers issues escalated by the team and share it with the management when appropriate
  • Participate in client visits and conference calls
  • client focus
  • Collaborate /Liaise with other BNPP teams/stakeholders.
  • Verify discrepancies by and resolve billing issues
  • Ensure that procedures are updated and validated on a timely manner
  • Perform and updated the status of the assigned tasks in the daily task checklist.
  • Review and validation of Give Up Agreement through Egus (or hard copy)
  • Breaks analysis and dispute resolution

Technical & Behavioral Competencies

  • Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
  • Proven working experience as Accounts Payable / Accounts Receivable domain
  • Knowledge of Exchange Traded derivative products /ETD Clearing.
  • Strong knowledge of Trade Life Cycle.
  • Experience in Brokerage, Derivative clearing functions, settlement functions Middle Office Operation functions within Investment Banking is favorable.
  • Flexibility to accommodate business requirements and working hours.
  • Good Excel skills required.

Specific Qualifications (if required)

  • Bachelor’s degree from a college or university
  • Strong Communication skills and client focus oriented
  • Fundamental understanding of clearing /Futures & Options markets.
  • Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

               

 


Specific Qualifications (if required)

  • Bachelor’s degree from a college or university
  • Strong Communication skills and client focus oriented
  • Fundamental understanding of clearing /Futures & Options markets.
  • Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)
Primary Location
IN-KA-Bangalore
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
Beginner
Schedule
Full-time
Reference
OPE002291

Découvrez les métiers de BNP Paribas : Gestion des opérations

Maillons indispensables au bon fonctionnement de notre Groupe, les métiers de Gestion des opérations visent à garantir la satisfaction de nos clientèles et de nos équipes au quotidien. Une activité stimulante, qui fait rimer efficacité et esprit d’équipe.

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Pourquoi je candidaterais ?

Pour quelles raisons je rejoindrais BNP Paribas et pas une autre entreprise ?

Parce que je souhaite...

  • Et si on vous disait que travailler dans notre Groupe, ce n’est pas ce que vous croyez ? Chez BNP Paribas, on exerce une multitude de métiers qui évoluent en permanence pour être en phase avec les attentes des clientes et clients comme de la société.

  • Se sentir bien dans son job, c’est avant tout venir travailler comme on est.  C’est aussi avoir les moyens d’un bon équilibre entre sa vie professionnelle et sa vie personnelle. Deux engagements majeurs pour BNP Paribas.

  • Chez BNP Paribas, le développement de vos compétences est essentiel, pour vous comme pour nous. Et cela vous servira pour toute votre vie professionnelle.

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