Analyst, Fund Dealing Services

What is this position about?

The FDS team sits within the Operations Division of BNP Paribas Securities Services. They are dedicated to providing a Premier level of service to all clients which invest in UUTs.

The FDS team is also responsible for responding to any queries whether placed by external clients or internal teams.

Due to the ever-evolving nature of Unlisted Unit Trusts, the FDS team has to be constantly able to evolve and respond to new investment structures and processes.

Primary Role Responsibilities

An FDS Analyst will ensure the below activities are delivered accurately and on time. The key functions of these activities are outlined below

Trade Management

Processing of Application and Redemption instructions for clients investing in UUT’s; generation of payment instructions to Treasury Settlements Team before daily External Parties’ cut-offs; timely translation of trade data into the accounting systems; Settlement of trades in accounting system; Reconciling cash balances of statement to ledger; Reconciling unit differences between external Registry to ledger; Processing in accounting system of periodic transactions (management fees/rebates); Responding to client/Fund Accounting queries.

Month End Reporting

Month-end unit reconciliation for all clients’ UUT holdings; communication with Registries to confirm unit holding balances; Data entry of data compiled in reconciliation template; generation of reporting and statistical data for internal and external clients; managing flow of paper between respective team members.

What is required for you to succeed?

The successful candidate has a good work ethic, has the ability to work closely and effectively as part of a team, is committed to the team achieving its goals.  They are personally accountable, enjoy the satisfaction of a job well done and is committed to meeting deadlines and producing complete and accurate work. They have a desire to progress and develop their own technical knowledge and skills as well as other team members.

Minimum 2 years related experience in the financial services industry is beneficial but not mandatory.

Sound technical knowledge in: 

• Unlisted Unit Trust trade process from order placement through to settlement including reconciliations 
• Unlisted Unit Trust products and systems
• Custody, Treasury and/or investment management operations

Desired knowledge, skill, experience

Degree qualified in Business, Accounting or related discipline; or relevant work experience in a similar role preferable.

A minimum 2 years commercial experience in financial services custody, back office or custody operations, has a results and improvement focus in the way they work. Good numeracy and analytical skills.  Excellent attention to detail. They are committed to performing their function fully and producing excellent results. 

The candidate will have demonstrated superior verbal and written communication skills, as well as a willingness to ask questions and learn processes and tasks at a holistic level.  

They possess a good level of technical knowledge of trade processes from order placement through to settlement specifically in relation to domestic and international Unlisted Unit Trusts. 

About BNP PARIBAS

As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community

BNP Paribas MixCity which fosters better representation of women at all levels of the organization

Ability, the mutual aid network for employees with a disability or a disabling or chronic illness

BNP Paribas CulturAll which celebrates diverse backgrounds

 BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

 If you require any reasonable adjustments during the recruitment process, please feel free to reach out to us at au.nz.recruitment [at] asia.bnpparibas (dot) com or 9221 3026

 https://careers.apac.bnpparibas/

 More information 

 Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year