The bank for a changing world

We are looking for

Assciate 1 - Global Market : Agency team

Apply REF: GLO002688

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 corporates, 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 India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Business line/Function :

Securities Asia executes its clients’ orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. On the market side, Securities Asia’s transaction contracts with HKSCC, are novated to its designated third party clearer, BP2S and as a result, BP2S becomes the contracting and settlement counterpart of HKSCC in respect of Securities Asia’s market transactions, with Securities Asia becoming responsible for settling its net market obligations with BP2S acting as Securities Asia’s clearer.

For settlements, Securities Asia sends its SIs to BP2S, who on one hand settles Securities Asia’s client’s side transactions for Securities Asia in its capacity as Securities Asia’s custodian and on the other, settles with Securities Asia the CNS positions as Securities Asia’s counterpart.  

Job Title:

Associate 1

Date:

18/10/2019

Department:

GM Ops

Location:

Chennai

Business Line / Function:

Operations

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

 

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.



Responsibilities

Direct Responsibilities

1. Settlements

- Preparing Settlement Instructions for all Asia Equity Markets.

- Liaising with overseas brokers/custodians over trade-pre-matching issues.

- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate.

- Updating static data information at back end related systems.

- Follow up outstanding trades and ensure correctness of record updated.

- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.

 

 2. FnO Invoicing

- Ensure give up agreements are updated.

- Perform inputting of give up commission charges rate in STP/ Billing Tool.

- Perform regular checking on Commission rate vs all rated systems.

- Liaising with Front Office/Client to follow-up on Commission invoicing issue.

- Monthly billing invoicing.

- Follow up with outstanding Commission with MO/FO and paying agents.

3. Client Services

- Payments processing

- Bank reconciliation

- Posting journals for accounting

Contributing Responsibilities

- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.

- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.

Technical & Behavioral Competencies

- Relevant product knowledge

- Microsoft and programming skills (VBA, Excel, Access) would be a major plus

Specific Qualifications (if required)

Preferred a Bachelor or Master Degree on accounting, Mathematics or Finance.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Critical thinking

Communication skills - oral & written

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Choose an item.

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Choose an item.

Other/Specific Qualifications (if required)

 


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 corporates, 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 India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.

About Business line/Function :

Securities Asia executes its clients’ orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. On the market side, Securities Asia’s transaction contracts with HKSCC, are novated to its designated third party clearer, BP2S and as a result, BP2S becomes the contracting and settlement counterpart of HKSCC in respect of Securities Asia’s market transactions, with Securities Asia becoming responsible for settling its net market obligations with BP2S acting as Securities Asia’s clearer.

For settlements, Securities Asia sends its SIs to BP2S, who on one hand settles Securities Asia’s client’s side transactions for Securities Asia in its capacity as Securities Asia’s custodian and on the other, settles with Securities Asia the CNS positions as Securities Asia’s counterpart.  

Job Title:

 

Associate 1

Date:

18/10/2019

Department:

GM Ops

Location:

Chennai

Business Line / Function:

Operations

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

 

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.



Responsibilities

Direct Responsibilities

1. Settlements

- Preparing Settlement Instructions for all Asia Equity Markets.

- Liaising with overseas brokers/custodians over trade-pre-matching issues.

- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate.

- Updating static data information at back end related systems.

- Follow up outstanding trades and ensure correctness of record updated.

- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.

 

 2. FnO Invoicing

- Ensure give up agreements are updated.

- Perform inputting of give up commission charges rate in STP/ Billing Tool.

- Perform regular checking on Commission rate vs all rated systems.

- Liaising with Front Office/Client to follow-up on Commission invoicing issue.

- Monthly billing invoicing.

- Follow up with outstanding Commission with MO/FO and paying agents.

3. Client Services

- Payments processing

- Bank reconciliation

- Posting journals for accounting

Contributing Responsibilities

- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.

- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.

Technical & Behavioral Competencies

- Relevant product knowledge

- Microsoft and programming skills (VBA, Excel, Access) would be a major plus

Specific Qualifications (if required)

Preferred a Bachelor or Master Degree on accounting, Mathematics or Finance.

        

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Critical thinking

Communication skills - oral & written

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Choose an item.

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Choose an item.

Other/Specific Qualifications (if required)

 

Primary Location: IN-TN-ChennaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 2 yearsSchedule: Full-time Behavioural competency: Ability to collaborate / Teamwork, Proactivity, AdaptabilityTransversal competency: Ability to manage a project, Ability to develop others & improve their skills, Ability to develop and adapt a process