Description – APAC
Line / Function:
of Direct Reports:
Global Custody team in BNP
Paribas Securities Services are segregated into Corporate Actions, Income and
Tax for operational efficiency and accuracy. Global Custody Corporate action
team handles the processing of Corporate action events to the client with
¡ Cross-checking information received with other data sources
¡ Reverting to local sub-custodians to clarify/solve any open
¡ Analyzing the corporate event in order to anticipate any
reporting or processing issues.
¡ Setting-up of financial information into the Custody system
¡ Collecting and relay any update related to the corporate event
on an on-going basis.
¡ Processing the securities reconciliation with sub-custodians
client positions at the different steps of the event.
¡ Checking eligible positions of
accounts within the local sub-custodian
¡ Checking that all eligible positions have been instructed at response
deadline (for voluntary events only)
¡ Consolidating client instructions (for voluntary events only)
¡ Checking that instructions of participation have been duly
acknowledged by sub-custodian.
¡ Tracking of the payment date of the event in order to advise
¡ Processing payment of the event on client’s account upon
recovery of cash and/or securities from the local sub-custodian
¡ Justifying any cash or securities breaks to Control Teams
¡ Participate in Brain Storming Sessions and share the best
practices and ideas with the peer groups and team members.
& Behavioral Competencies
¡ Fair knowledge in corporate actions and income related events
for various instrument types
¡ Expertise in Using Banking Software’s & overall awareness of
using MS Word, Excel, PowerPoint etc.
¡ Able to clearly understand
and envisage the SWIFT messages (MT564, MT565, MT567, MT568, MT599 etc). The
Associate should read through the SWIFT message very comfortably and act on
the amendments in the message ( Field - 23C: NEWM / REPL / CANC/ REVR etc)
setup CA events for the respective teams by analyzing and understanding the
SWIFT messages without any error and high standards.
¡ Fair understanding of the
usage and implications of the Applications like NCS, Sunrise, Reflections,
Intellimatch, MIDAS, and ISISET and apply it in daily BAU when required.
well versed in corporate actions eligibility rules and analyze whether the
particular client / trade is eligible for the CA.
able to perform the Entitlement and Eligibility reconciliation to forecast
well versed with the Reflections especially with the functions like CMP,
CCV,CCA,CTAK, CVVC etc
motivated and self-driven to meet the management objectives.
Qualifications (if required)
Behavioural Skills: (Please select up to 4
collaborate / Teamwork
Attention to detail / rigor
Communication skills - oral &
(Please select up to 5 skills)
understand, explain and support change
manage a project
Choose an item.
Choose an item.
Bachelor Degree or equivalent
Other/Specific Qualifications (if required)