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Assistant Manager - Clearing & Custody Services (Reconciliation)

Horaires Temps plein
Marque BNP Paribas
Niveau d'expérience 3 à 5 ans
Niveau d'études Niveau BAC+2/3
Postuler REF: NOS000065
Business Line         : CCS

Team      : Nostro Reconciliation

 

Company background

 

The bank for a changing world

With strong roots anchored in Europe’s banking history dating back to 1848, BNP Paribas supports its clients and employees in today’s changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world’s largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.
 
A leading global custodian and securities services provider
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.
 
About BNP Paribas in Asia Pacific (www.apac.bnpparibas)
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
 
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region. 
 
BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you're valued as part of our team!
 

Global Securities Operations

One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.
 

Job Description – APAC


Note to Hiring Manager:

In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.

Job Title:

Associate Level 1 or Senior Associate

Date:

 Oct 2019

Department:

GSO Nostro Reconciliation

Location:

Mumbai

Business Line / Function:

GSO Nostro Reconciliation

Reports to:

(Direct)

Bhavana Naresh

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

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.

Due to resignation  

Responsibilities

Direct Responsibilities

  • Perform the daily Nostros, Internal & Securities accounts reconciliation + Market Value Reconciliation.

  • Ensure all the transactions are performed within the agreed timelines without errors and mistakes.

  • Should have excellent knowledge of Nostro and Securities Reconciliation

  • Should have excellent knowledge of SWIFT MT950, , MT535 and MT536 and other SWIFT Messages

  • Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.

  • Taking corrective measures/action in consultation with the Assistant Manager / Manager.

  • Escalate unresolved open items to the Manager.

  • To Manage KPI’s & KRI’s of the process

  • Understand and get trained in all the tasks/activities in the process.

  • Perform the daily Nostros, Internal & Securities accounts reconciliation + Market Value Reconciliation.

  • Ensure all the transactions are performed within the agreed timelines without errors and mistakes.

  • Prioritize the work and conduct investigation with due diligence on all the discrepancies.

  • Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.

  • Taking corrective measures/action in consultation with the Assistant Manager / Manager.

  • Escalate unresolved open items to the Assistant Manager / Manager.

  • Should be prepared to travel if there is any requirement.

  • Defining & managing a range of daily, weekly, monthly controls to ensure completeness of processing and that any inappropriate postings, matching etc. is identified and resolved promptly.

  • Providing user training as required, improving the understanding of the control aspects of reconciliation

  • Analyzing trends in process exceptions identify root causes and implement solutions.

  • Drive & support new initiatives &various ad-hoc projects

  • Manage Escalations and resolve aged items

  • Drive improvement in STP

  • Accountable be maintaining up to date procedures and SLA for the process that are supported

  • Work with business teams to resolve risky breaks & manage the expectations as well as improve the overall process

  • Manage Incidents by working to identify root cause & implement appropriate preventive measures

  • Adhere to the risk framework for all the processes managed

  • Maintain Communication Channels with internal peer groups.

  • Develop people by training them on business knowledge & coaching them on necessary skill sets for their career growth

  • Conduct regular meetings & provide feedback

  • Manage Appraisal discussions

  • Manage Budget process in terms of HC & appraisal review

  • Roll out appropriate governance to drive smooth flow of business

  • Ensure Audit requirements are met

Supporting New Onboarding’s

  • Interact with the functional process owners to understand their road map & the impacts to SSC Reconciliations
  • Define , review & validate operating models
  • Accountable of service delivery for all new onboarding’s

  • Projects to be managed in a structured manner with appropriate governance
  • Keep updated on market / industry standards & changes to manage BAU in efficient way  without Risk
  • Closely work with  Project teams to ensure the team is operationally ready to support the client journey
  •   
  • Follow up on the service quality
  

Technical & Behavioral Competencies

    • Knowledge of business, products, risks, tools

    • Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required

    • Prioritizes, multiple tasks, and meets strict deadlines.

    • Prepared to travel if required.

    • Must be prepared to work in any shifts.

    • Supervise, Monitor, Control and Co-ordinate all activities in the department.

    • Client focus

    • Working together

    • Presentation skills to the Client

    • Ability to plan, organize and communicate

    • Able to anticipate problems, able to distinguish material from non-material items in making decisions

    • Demonstration of innovative/creative thinking, problem-solving and taking initiative

    • Competent strategic thinker with the ability to create and implement solutions

    • Good written and oral communication skills in English

 


 

  • Possess Bachelor or Master’s Degree

  • 5+ Years of experience with minimum 3 years of relevant experience

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 5 yearsSchedule: Full-time Behavioural competency: Communication skills - oral & written, Creativity & Innovation / Problem solving, Client focusedTransversal competency: Analytical Ability, Ability to set up relevant performance indicators, Ability to develop others & improve their skillsReference: NOS000065