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Senior Associate - Cash PB Settlements- US Shift

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Mise à jour le 01.06.2024

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:

Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.

Job Title:

Associate Level 1

Date:

 2024

Department:

Global Markets Operations – Securities settlements

Location:

Bangalore

Business Line / Function:

Electronic equity – Security settlements

Reports to:

(Direct)

NA

Grade:

(if applicable)

Associate Level 1

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Primary responsibilities of the team includes:

  • Settlement of Security transactions and associated products in a timely and cost effective manner
  • Timely resolution of nostro and depot breaks
  • Mitigation of operational and reputational risk by escalating in a timely and efficient manner
  • Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities

Key Responsibilities:

  • Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:   
    • Ensuring all trades are instructed, matched & settled on a timely basis
    • Monitoring of failing trades
    • Reducing fails and/or potential fails by means of pairing off or partialing down deliveries
    • Minimizing fails by means of partial deliveries where possible
    • Pre-matching trades in a daily basis
    • Cash Management related with funding trades
  • Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
    • By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
    • By passing entries to the Calypso systems to clean up outstanding items on a timely basis
    • By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
    • By investigating and solving accounting breaks raised by Securities Control & Accounting teams
    • Escalating items that represent operational risk to the direct Manager
  • Contribute to the minimisation of settlement costs & operational risk:
    • By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
    • Monitors and take appropriate actions in case of market risks (buyins)
    • By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
    • By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
    • If necessary, using the escalation process when operational risk is detected
  • Contribute to the overall successful running of the settlement department:
    • By maintaining close relationships with traders and sales and escalating problems to them promptly where required
    • By maintaining good working relationships with domestic agents and custodians
    • By communicating with, and assisting, other operational departments where needed
    • Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

 Skills and competencies:

  • Ability to analyse, organize and report efficiently
  • Flexibility on working methods and changing international environment
  • Rigorous and reactive in order to face pressure and reach excellence anytime
  • Diligently follow the set procedures and Compliance policies
  • Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
  • English speaker

Experience Required

Minimum of 7 years experience

Skills Referential


Behavioural Skills: (Please select up to 4 skills) –

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Attention to detail / rigor

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level :

At least 5 years

Other/Specific Qualifications (if required)
 

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. Au travers d’actions du quotidien ou de grands projets, exercer l’un de nos métiers, c’est s’engager pour agir durablement.

  • 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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