Job Title: Assistant Manager
Department: Global Markets Operations – Corporate Actions
About Business line/Function:
Global Markets Operations Corporate Actions, Incomes and Taxes Department is part of the transversal functions within ITO and is acting as a central interlocutor regarding Corporate Actions, both for Fixed Income and Equity.
Within Global Markets Operations pole, the Corporate Actions Department is specialized in the analysis and the management of corporate events affecting listed assets (mainly securities products).
It is in charge of the notification and the coordination for the EQD and Fixed Income industries of any impact of these events during the overall lifecycle. In this way, the Department is providing its services for any impacted trade involving Trading, Clients and/or Counterparties
Position Purpose:
Primary responsibilities of the team include:
Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events’ announcements, forecast and deadlines leading to efficient management regarding scrubbing, notifications and bookings in our general books and recording systems.
Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regard to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Responsibilities
Direct Responsibilities
Key functions include:
1. Event Capture
2. Notification
3. Income / Mandatory events processing
4. Election management (Voluntary)
5. Bookings of Outcomes
6. Claims Management
7. Reconciliations
8. Proxy
· Scrubbing and set up of Corporate Actions in operating systems (e.g. DTCC / ADP )
· Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
· Follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. XSP, Power, Picasso tools)
· Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.
· Ability to manage any Corporate Actions type on the overall scope of the team
· Provide a regular report to his/her hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
· Ensure accuracy of treatment and bookings for events’ operations within the booking and accounting systems.
· Follow and resolve any outstanding items in a timely manner with relevant escalation procedure applicable and compliance duties.
· Process incomes and stocks payments and claims for receivables toward any external parties in alignment with group guidelines policies for any wire forms.
Contributing Responsibilities
· 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 (buy ins)
· Escalation process when operational risk is detected
· Contribute to the overall successful running of the corporate actions department:
· 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.
· Keep on documenting all procedures in place to stick market and process evolutions
· Contribute in all control plan protocols according to local operational risk policies
Technical & Behavioral Competencies
· Capacity to analyze, organize and report efficiently
· Flexibility on working methods and changing international environment
· Rigorous and proactive to face pressure and reach excellence
· Diligently follow the set procedures and Compliance policies
· Knowledge of financial markets and products, and easiness/expertise in dealing with Excel
· Strong analytics capabilities and problem solving to adapt context.
· Able to work under pressure and in a dynamic, evolving environment
Specific Qualifications:
· Preferred Corporate Action knowledge between 5 – 8 years
· Capacity to analyze, organize and report efficiently.
· Flexibility on working methods and changing international environment.
· Rigorous and reactive 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
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
Behavioral Skills:
- Adaptability
- Team Player
- Analytical Ability
- Active Listening
- Ability to deliver / Result driven
Education Level: Bachelor’s degree or equivalent
Location: Bangalore
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 specialized 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.
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.
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. 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.
