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Associate - Clearing & Custody Services (Global Custody)

Apply REF: GLO002726
 
 

Job Description – APAC

Job Title:

Assistant Manager

 

Date:

28/10/2019

Department:

BSO

Location:

Chennai

Business Line / Function:

Global Custody/Corporate actions.

Reports to:

(Direct)

Grade:

(if applicable)

NA

(Functional)

Manager 

Number of Direct Reports:

NA

Directorship / Registration:

 

Position Purpose

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 accuracy.



 

Responsibilities

Direct Responsibilities

 

 Cross-checking information received with other data sources

¡ Reverting to local sub-custodians to clarify/solve any open issue.

¡ 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 clients accordingly

¡ 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.

Technical & 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)

¡ Able to 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.

¡ Should be well versed in corporate actions eligibility rules and analyze whether the particular client / trade is eligible for the CA.

¡ Should be able to perform the Entitlement and Eligibility reconciliation to forecast the entitlements.

¡ Should be well versed with the Reflections especially with the functions like CMP, CCV,CCA,CTAK, CVVC etc

¡ Highly motivated and self-driven to meet the management objectives.

Specific Qualifications (if required)

Skills Referential    

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Communication skills - oral & written

Adaptability

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to manage a project

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Atleast > 3 years

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 3 yearsSchedule: Full-time Behavioural competency: Ability to share / pass on knowledgeTransversal competency: Ability to develop and adapt a process