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
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.
About Business line/Function:
Middle Office – Asset Servicing-Corporate actions, Income and Coupon processing
Job Title:
Associate Level 1
Date:
Department:
IFSO
Location:
Business Line / Function:
Middle Office – Corporate Actions
Reports to:
(Direct)
Grade:
(if applicable)
(Functional)
Associate Manager Lead / Manager
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
Associate Level 1 joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also, we do record keeping activities to mitigate the risk that impacts fund valuation on back of a corporate action event.
Responsibilities
Direct Responsibilities
- Cross-checking information received with other data sources.
- Reverting to local sub-custodians to clarify/solve any open issue.
- Analyzing the corporate event to anticipate any reporting or processing issues.
- Setting-up of financial information into the accounting system
- Collecting and relay any update related to the corporate event on an on-going basis.
- Processing the securities reconciliation with sub-custodian’s client positions at the different steps of the event.
- Checking eligible positions of accounts within the custodian
- Checking that all eligible positions have been instructed at response deadline (for voluntary events)
- Consolidating client instructions (for voluntary events)
- Advising local market by sending instructions of participation to sub-custodian (for voluntary events only)
- Checking that instructions of participation have been duly acknowledged by custodian.
- Tracking of the payment date of the event in order to advise clients accordingly.
- Processing payment of the event on client’s account upon recovery of cash and/or securities from the local sub-custodian
- Processing foreign exchange orders according to client’s set up.
- Processing any manual adjustment related to cash or securities in order to finalize the recovery process.
- Justifying any cash or securities breaks to Control Teams is happening on periodic basis.
Contributing Responsibilities
- Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
- Participate in Brainstorming Sessions and share the best practices and ideas with the peer groups and team members.
Technical & Behavioral Competencies
- Accounting knowledge and knowledge on Swift messages is an added advantage.
- Zeal to learn new thing
- Working knowledge of MS Word, Excel will be useful.
- Must be prepared to work in flexible timings.
- Good communication skills
Specific Qualifications
Client Focus
Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.
Communication
Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language always, and adhering to the use of the BNPP Email Protocols.
Teamwork
Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Client focused
Adaptability
Ability to collaborate / Teamwork
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 1 year
Other/Specific Qualifications (if required)
