Job Description

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

Wealth Management Operations in ISPL started in 2018, provide back office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security Masterfile 

Job Title:

Associate Level 1

Date:

2022

Department:

SCS / Bonds & Structured Notes

Location:

Mumbai/Bengaluru

Business Line / Function:

Wealth Management Operations

Reports to:

(Direct)

Team Lead

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

- Direct contribution to BNPP operational permanent control framework
- Comply with regulatory requirements and internal guidelines
- Contribute to the reporting of all incidents according to the Incident Management System
- Trade processing for Bonds and Structured Notes

Responsibilities

Bonds Settlement – Inputter / Analyst

  1. Ensure timely processing of Bonds, Structured Notes, and exercise of Precious Metals Options.
  2. Matching, sorting and verifying of trades confirmations against trader’s daily blotters and trade inputs by RM/MA.
  3. Ensure proper management approval is obtained for special waivers and update waiver file accordingly.
  4. Liaise with brokers/dealers/Front Office and DPM in the event of non-receipt of confirmations/ trade discrepancies.
  5. Monitor and ensure prompt follow-up of late / failed trades, update reasons in late deals / failed trade report, notify AD of failed trade,
    and FO on SD+4 if it remains unresolved since SD.
  6. Ensure accurate and timely update of trades in Olympic for both bank and client positions.
  7. Monitoring and ensure prompt funding of nostro / custodian accounts and prompt payment of monthly custodian charges
  8. Attending queries from Front Office, Advisory Desk, and counterparties.
  9. Distribution of daily reports.
  10. Ensure procedures and control measures are strictly adhered to.
  11. Ensure spread charged should not exceed the monetary benefits stipulated in the “Disclosure of Sales Related Information” and
    inconsistent charges to be followed up
  12. Ensure counterparties' (ie. custodians and brokers) details eg. contact numbers, settlement and remittance details etc. are properly
    updated and disseminated
  13. Filing and arrange for warehousing of all settled trade documents.
  14. Ensure procedures and control measures are strictly adhered to.
  15. Follow-up and resolve nostro / securities reconciliation breaks and follow up on interest claims for failed trades
  16. Inform management of error trades and monitor receipt of incident report.
  17. Perform and participate in UAT and ad hoc projects
  18. Participate in BCP documentation / drills and be up-dated on BCP drills/activation.
  19. Back up for Bonds Inputters.

Technical & Behavioral Competencies

  • Takes initiative & is results driven
  • Decision capabilities
  • Excellent Interpersonal & Communication skills
  • Ability to innovate & manage change & complexity with confidence

Specific Qualifications (if required)

  • NA

Skills Referential

Behavioural Skills:

Ability to synthetize / simplify

Ability to deliver / Results driven

Creativity & Innovation / Problem solving

Critical thinking

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

NA

               
Primary Location
IN-MH-Mumbai
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
Beginner
Schedule
Full-time
Reference
CHA000208


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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Why should I apply?

Basically, why would you want to join BNP Paribas over any other company?

BECAUSE YOU'RE THE KIND OF PERSON WHO WANTS...

  • What if we told you that working in our Group may not be quite what you think? BNP Paribas business lines and careers are constantly evolving to meet the expectations of our clients and society as a whole.

  • Feeling good about your job means bringing your whole self to work and being who you are. It’s also about having the resources you need to achieve a healthy work-life balance. Both of these are major commitments at BNP Paribas.

  • At BNP Paribas, developing your skills is as important to us as it is to you. And the skills you learn with us will help you through the rest of your working life.

Find out more