Position Purpose
The Performance and Compliance Team is a customer centric, specialized analytical team. They support the business and client activities of the Operations division of BNP Paribas Securities Services (BP2S). They sit within Asset and Fund Services division. The team's mission is to provide investment analytics services to internal and external clients of BP2S.
The Senior Performance & Compliance Analyst role will perform day to day oversight of performance, attribution and risk related reporting services delivered by the offshore hub location in India and assist in supervision of activities of new or junior analysts.
The Senior Analyst interacts directly with NZ based clients to ensure a quality service delivery experience by responding to client queries, resolving issues and participating in client service meetings and reviews.
Post production the Senior Analyst will work on service optimization and change management tasks for designated clients and participate in project work (change requests client onboarding etc.) service review meetings, workshops and system demonstrations.
The Senior Analyst will also be responsible for the daily monitoring and oversight of the daily monitoring of our Investment Compliance fund mandates. This involves interpreting, creating and testing controls as well as analysing potential breaches and liaising with the client.
Interact with clients and or investment managers regarding all aspects of IMA monitoring to ensure a quality-service delivery experience by responding to client queries, resolving issues and participating in client service meetings and reviews.
In addition to IMA monitoring, the Senior Analyst will assist clients with related monitoring activities such as Substantial Shareholder, Exposure and derivatives monitoring.
The three key services areas are:
Calculate investment performance and identify sources of performance for internal and external clients.
Conduct analysis of investment portfolios to determine adherence to mandates.
Provide analytical support to unit pricing functions.
Key responsibilities
Service Delivery
Participate in and support the delivery of performance, risk and attribution reporting services to BNP Paribas New Zealand clients
Take supervisory and oversight responsibilities for core performance production activity based in our global operations hub in India
Act as a lead contact and escalation point in the event of urgent or unresolved performance or reporting queries received from the hub location or the client, and act as the link between the two.
Ensure the quality and accuracy produced by our operations hubs for the activity assigned to you for oversight
Meet with clients as required to ensure the service delivery is of a high standard, maintaining a strong focus on timeliness and accuracy as measured by service KPIs and MI
Daily monitoring of exceptions for investment compliance mandates
Interpretation, creation and testing of controls using in-house investment compliance system, Eurosycomore
Liaison with clients regarding investment compliance exceptions and process
Assist Manager with oversight of Investment Compliance deliverable
Projects & Change
Work on client change control aimed at developing, extending, or improving the existing service received by the client
Work on new activity set up and onboarding activities
Define business specification documents, create test & implementation plans, support and maintain project governance documents
Seek to optimise end to end production under your oversight, working transversally across the business as required
Assist Manager with project work
Contributive responsibilities (how the role contributes to the success of business line / function)
Working to deliver service to our clients accurately and on time, thus reinforcing and building client relationship, leading to new business opportunities
Working to ensure operational risk is captured and addressed, securing our functional capabilities
Support the growth of our commercial relationships with our clients
Essential Skills / Competencies
Technical skills and experience
Required: -
At least 5 years plus experience in a performance analysis role. Within this the following balance of experiences would be ideal: -
o 3 years plus experience working within performance measurement and attribution calculation and reporting function, within an asset management, asset owner or securities services position
o 2 years plus working on performance related project work (e.g. system implementation or process optimisation) outside of the normal performance reporting production cycle
Advanced understanding of core performance methodologies (e.g. daily time weighted returns, modified dietz, SOD, EOD, IRR, unit price) & attribution methodologies (e.g. Brinson, arithmetic v geometric, and Fixed Income models)
Advanced understanding of market data indices (S&P/ASX, MSCI, etc), characteristics (dividend yield, PE ratio, duration, etc), and classification schemes (GICS, BICS, etc.)
Practical understanding of ex-post risk statistics such as tracking error, sharpe ratio, alpha, beta, volatility etc. Ability to be able to calculate from first principles
Be able to interpret investment mandate agreements into investment rules and set up these corresponding rules within the BNP Paribas compliance system
Investigate breaches of mandate restrictions, identify critical factors and communicate this with both investment manager and client.
Resolution of production issues, clients queries and ad-hoc reporting requests, via communication with Investment Managers, clients and internally with BP2S teams from offshore teams, Relationship Management, IT, Fund Accounting and Unit Pricing. Be able to identify and escalate the more complex queries and issues to senior team members in a timely manner as needed. Recommend and implement corrective action where appropriate.
Maintenance and requests to ensure complete reporting, such as adding rules, portfolios, benchmarks, and custom reporting as needed.
Practical experience using the IRP and Compliance monitoring systems plus sound knowledge of client delivery systems
Practical understanding of multiple instrument types, including derivatives and how they should be treated within performance measurement, portfolio effective exposure, leverage, duration and credit ratings
Practical experience liaising with clients (discussing performance, attribution and compliance issues, participating in client meetings, taking minutes, giving demonstrations)
Strong Microsoft excel skills
Desirable: -
Appreciation of GIPS and its application within the investment industry
Practical experience of calculating composite benchmarks, hedge benchmarks, drifting and rebasing weights
Excel VBA skills and or Access database experience
Desirable: -
Appreciation of GIPS and its application within the investment industry
Practical experience of calculating composite benchmarks, hedge benchmarks, drifting and rebasing weights
Excel VBA skills and or Access database experience
System / application skills
Essential: Excel, PowerPoint, Word
Desirable but not essential: VBA, SQL, Statpro, B-One, user level knowledge of all BNP Paribas IRP production applications
Project Management / Business Analyst skills
Practical experience on boarding new activity into a production process
Practical experience writing business specification documents, test plans, implementation plans and governance documents
Strong deadline orientated approach to project delivery
Strong written and verbal communication skills
Ability to exercise good judgment in commitments made in response to client needs whilst balancing with the commercial and operational needs of the business
Qualifications
Tertiary qualification and industry specific qualification such as CIPM, CFA, etc.
Competencies
Attention to detail - ensure accuracy and quality in work
Accountability - takes personal responsibility, delivers against personal and team goals
Flexibility - positive and flexible approach to identify preferred solutions to issues and problems
Results focused - understand the strategic objectives of the business as well as the team; work to ensure their achievement with a quality focus.
Client focus - delivers consistently a high standard of client service , aiming to achieve all client deliverables within KPI, and operating in line with the departmental code of conduct
Innovation - strive to improve product and process
Teamwork - work cohesively with a team of senior professionals to define and deliver against strategy, demonstrates sound intuition and political awareness
Innovation - maintain a constant focus on process efficiency with the aim of increasing scalability and client experience
Communication - effective verbal and written communication & effective interpersonal ability
Maturity & judgment - demonstrates the ability to deal effectively with complex issues, learns from experience, assesses issues using relevant information and applying intuition. Makes informed and considered decisions
Time Management - prioritise tasks and manage workflow effectively
