About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporate, 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.
About BNP Paribas Solutions Philippines Branch:
Established in 2024, BNP Paribas Solutions Philippines Branch is a branch of BNP Paribas Group, a leading bank in Europe with an international reach. We provide support services, back-office operations services related to or which further the accomplishment of the corporation’s investment services, banking transaction processing, and equity investment.
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:
The Private Capital Manager plays a critical role in the Private Capital team. Reporting to the Head of the private capital department, the role provides strategic leadership and governance for Private Capital Middle Office administration services delivered to the BNP Paribas Client Base.
Position Purpose
The role is responsible for the, output and service delivery of the Private Capital team and will include the provision of technical expertise for all regulatory / statutory change, drive business transformation and strategic process re-engineering. This role will perform an oversight role for the Private Capital Fund Admin/s in the team.
Responsibilities
Direct Responsibilities:
The operational oversight and governance will include the provision, oversee and delivery of the following activities:
· Oversight and controls for all process
· Verification of collected documents with regards to distribution calculations and any other payments during transition/onboarding phase and BAU.
· Authorization of and validation of any capital event.
· Be responsible and drive with the new client onboarding, perform as the BAU SME- Private Capital for transitions and projects where needed
· Govern and oversee the process of documents processing and instructing the related payments.
· Analysis of transactions’ counterparts from an AML/KYC perspective.
· Be responsible and deliver all statutory and regulatory reporting requirements across the BNP Paribas Client base.
In addition, the Private Capital team manager will actively participate in senior, strategic client meetings along with management/senior management, and/or Relationship Management and will provide any input requested for the RFP process for New Business in association with the Sales and Relationship Management team and may represent BNP Paribas’ services and product offering as required during the tender and due diligence process. They are subsequently responsible for ensuring the operational implementation of any service delivery changes to meet client needs.
Contributing Responsibilities
May perform other duties and responsibilities that management may deem necessary from time to time.
INDIVIDUAL LEADERSHIP:
· Active participation in client and relationship management meetings where required
· Operational leadership of change incorporating Client requirements, process oversee and providing technical expertise on process re-engineering
· Own and ensure full service delivery in line with the clients SLA’s and internal KPI’s
· Business Implementation management and coordination – including on boarding of new clients, restructures, product development, statutory and regulatory change
· Leading and managing the overall service delivery via cross-team co-operation
· Act as a conduit of change for business, IT and client projects across the organisation
· Actively contribute and participate in all Culture and Leadership initiatives
· Responsibility for ensuring the education, establishing and compliance with BNP Paribas policies
· Influencing the desired culture of flexibility, accountability and openness to change and leading by example
CLIENT SERVICE:
· Delivery of client service management; fund accounting and reporting for Private Capital assets
· Active participation in client meetings as well as escalation point for client issues or changes
· Governance year-end deliverables and reporting to meet specific client SLA terms
· Ensuring implementation of operational risk and legislative requirements in all output
· Client lead for all Private Capital team processes for BNP Paribas client base
· Work closely with product specialists to develop and maintain relationships with existing clients and prospects
· Client on-boarding, preparing client communication material, and responses to RFP’s leading to new business generation
COMMERCIAL FOCUS
· Analysis, innovation, development and establishment of change and process improvement
· Exposure to broad range of investing strategies including Fund of Funds, Direct, Co-Investment
· Maintain and monitor the BP2S Risk Control Framework for the services provided to Client, including formal supervision and working closely with Risk and Compliance and Operational Controllers, identifying potential risks and developing controls to mitigate them
· Through influence and delivery across the business be seen as a Private Capital expert
CLIENT SERVICE:
· Delivery of client service management; fund accounting and reporting for Private Capital assets
· Active participation in client meetings as well as escalation point for client issues or changes
· Governance year-end deliverables and reporting to meet specific client SLA terms
· Ensuring implementation of operational risk and legislative requirements in all output
· Client lead for all Private Capital team processes for BNP Paribas client base
· Work closely with product specialists to develop and maintain relationships with existing clients and prospects
· Client on-boarding, preparing client communication material, and responses to RFP’s leading to new business generation
COMMERCIAL FOCUS
· Analysis, innovation, development and establishment of change and process improvement
· Exposure to broad range of investing strategies including Fund of Funds, Direct, Co-Investment
· Maintain and monitor the BP2S Risk Control Framework for the services provided to Client, including formal supervision and working closely with Risk and Compliance and Operational Controllers, identifying potential risks and developing controls to mitigate them
· Through influence and delivery across the business be seen as a Private Capital expert
Technical & Behavioral Competencies
· Business acumen - Identifies potential opportunities to maximise business growth.
· Change management - Displays flexibility to change and is open to new ideas. Encourages others to be open to innovation. Values feedback and gives people scope and confidence to generate ideas
· Client Focus - Complete commitment to provide professional, insightful and timely responses to our clients’ needs and to changes in the market
· Collaborative approach - Leads and shows respect for others. Puts people first, and works effectively with individuals, teams and clients.
· Impact & influence - Creates a positive and professional impact on others. Exhibits persuasive representation of team and business objectives.
· Individual Leadership - Adjusts behavior to accommodate tasks, situations and individuals. Role models the organisational values at all times.
· Risk awareness - Adheres to the organisation’s processes and procedures. Demonstrates a good understanding of compliance issues and implements work practices that minimise operational and reputational risk
Experience and Specific Qualifications:
· 15+ years of experience within the financial services industry, private capital experience is preferred
· Proven track record within Fund Administration
· Proven team management, change management and process improvement capability
· Competent strategic thinker with the ability to create and implement solutions
· Ability to foster and maintain strong interpersonal relationships both internally and externally
· The manager of Private Capital team requires an individual with a strong technical background in Fund Administration incorporating all aspects of valuation of Private Capital assets, unit pricing, tax , accounting and reporting
The candidate needs to understand the role which Investment Administration plays within the broader organization and thereby understand the bigger picture of impacts and influences Investment Administration have with its stakeholders.
It is important that the candidate is able to respond in professional manner to Clients, BNP Paribas staff, colleagues and executives, ensuring always that the reputation of the department and BNP Paribas is enhanced by their actions. The candidate will require excellent communication skills both written and oral. This individual should have a strong work ethic and a commitment to excellence in their work.
