Position purpose

The Managed Funds 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 team is responsible for end to end processes for UUTs. This broadly covers areas:

  • Responsibility for sending trade instructions out to the market in a timely and correct manner on behalf of the Company’s clients.
  • Ensuring the settlement of these trades both financially and in the accounting system (Hiport and FOMS)
  • Reconciling both cash and unit positions.
  • Sourcing unit prices for all assets held by Company’s clients.
  • Capturing and processing all periodic Corporate Action activities.

The Managed Funds 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 Managed Funds team has to be constantly able to evolve and respond to new investment structures and processes.


A Managed Funds Analyst assists the Senior Account Manager in ensuring that these three broad areas of 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.

Pricing and Distribution Management

Sourcing the prices for all Unlisted Unit Trust securities; updating the prices into accounting systems in an accurate and timely manner; creating and maintenance of security codes, including the investigation and testing of types of securities, raising distribution accruals, processing and settling reinvestments and cash receivables and diarizing expected distribution event data.

  • Ensuring a strong risk and control framework exists and is adhered to in the team

Technical / behavioral competencies


Minimum 1-3 years related experience in the financial services industry.

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.



  • Accountability - Committed to achieving the organisation’s objectives.  Demonstrates perseverance and is accountable for own actions.
  • Attention to detail - Ensures accuracy and implements processes to ensure quality of output.  Ensures high personal standards in all areas of work.
  • Communication - Oral:  Expressing ideas effectively in individual and group situations.  Adjusting communication style to match the needs of the audience.  Written:  Expressing ideas clearly in all written documents.  Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.
  • Excellence - Results driven, committed to achieve consistently high standards in people, products and service that will make us the provider of choice for clients, and deliver returns for shareholders
  • Innovation - Proactively looks for opportunities for continuous improvement and thinks creatively
  • Team Orientation - Works with the team and the broader organisation towards shared goals and treats all colleagues and clients as partners
  • Planning & Execution - Establishes courses of action for self and others to ensure work is completed efficiently.  Effectively manages own time and resources to meet deadlines and quality standards.

    Experience / Qualification

  • Degree qualified in Business, Accounting or related discipline; or relevant work experience in a similar role preferable.
  • A minimum 1-3 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.
  • Demonstrated excellent verbal and written communication skills, as well as a willingness to ask questions and learn processes and tasks at a holistic level. 
  • 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.
  • Ensuring a strong risk and control framework exists and is adhered to in the team
  • The ability to complete or oversee accurate daily and monthly reconciliations and/or ad hoc query investigation & resolution.  They have basic knowledge of various tasks including input and confirmation of trades for all domestic and international Unlisted Unit Trusts, distributions (both cash and reinvestment), management fee rebates, Call payments, Foreign exchange, pricing and month end reconciliations.  
  • 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 technical knowledge and skills.
Primary Location
Job Type
Fixed Term
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 3 years
C D000430

Discover the different professions within BNP Paribas: Operations Management

Those who work in Operations Management roles are essential to the smooth-running of our Group, and work consistently to satisfaction to our clients and teams. These roles offer stimulating careers that combine efficiency with a strong collaborative spirit.

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