We are looking for

Senior Associate - Electronic Execution

Apply REF: OPE001453

Job Description  

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:

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

 Job Title:

Senior Associate

Date:

Department:

Global Markets Operations

Location:

Business Line / Function:

Global Markets Operations - COCE

Reports to:

(Direct)

Head of the team

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Domestic/International Settlements supporting Prime brokerage, and the BNP Execution desk in facilitating settlement and risk management of securities and customer transactions in the US and Local markets.  Primary responsibility is the settlement of Domestic/International transactions, fail maintenance and managing the operational risk associated with the business. 

Responsibilities

DEPARTMENT RESPONSIBILITIES

Perform all daily settlement tasks, including balancing and reconciliation.    This includes, but is not limited to the daily domestic/international settlement of Equity and Fixed income activity, physical certificate process, SPO’s and PPO’s and free transfers.  

JOB RESPONSIBILITIES

• Daily settlement of equities , fixed income through DTC , CNS, BONY and Local markets
• Address and resolve all unmatched items in RAD
• Process all requests for SPO, PPO’s, DWAC and DRS
• Monitor fails and request borrows as needed
• Reconciliation of DTC, CNS , BONY and local market settlement accounts
• Perform matching  process for all CNS activity on COR/COD’s am and pm process
• Process free receive and deliveries by monitoring the ATS tool and working exception
• Monitor the RAD screen to ensure all items are settling
• Monitor all daily reports 
• Monitor BONY and adjust seg as needed
• Process all physical certificates and ensure all the proper documentation is attached
• Review all incoming  physicals  in accordance with the BNP Paribas Securities Corp Micro cap policy as well as OFAC
• Complete daily checklist and ORUS controls

  

 

Technical & Behavioral Competencies

Requires fundamental understanding of securities industry as it relates to the following:

•         Domestic/International settlement practices
• DTC
• Broadridge BPS
• Fed settlement
• Physical certificate processing
• Calyspo
• Bolivar
• Swift

•         4 years of experience in domestic securities settlements operations.  

•         4  years of experience working with operational processes and risks, escalating concerns as needed.  

Preferred Qualifications:

•         Detailed knowledge of domestic/international securities settlements
• Ability to work as part of a team in a fast- paced operations environment. 
• Experience using DTC, BONY, Broadridge systems and local markets

 

FINRA Registrations Required: 
• Not Applicable

Skills Referential

Behavioural Skills:

Active listening

Adaptability

Ability to share / pass on knowledge

Ability to collaborate / Teamwork

Transversal Skills:

 

Analytical Ability

Ability to develop and adapt a process

Ability to understand, explain and support change



Job Description  

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:

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.

 Job Title:

Date:

Department:

Global Markets Operations

Location:

Business Line / Function:

Global Markets Operations - COCE

Reports to:

(Direct)

Head of the team

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Domestic/International Settlements supporting Prime brokerage, and the BNP Execution desk in facilitating settlement and risk management of securities and customer transactions in the US and Local markets.  Primary responsibility is the settlement of Domestic/International transactions, fail maintenance and managing the operational risk associated with the business. 

Responsibilities

DEPARTMENT RESPONSIBILITIES

Perform all daily settlement tasks, including balancing and reconciliation.    This includes, but is not limited to the daily domestic/international settlement of Equity and Fixed income activity, physical certificate process, SPO’s and PPO’s and free transfers.  

JOB RESPONSIBILITIES

• Daily settlement of equities , fixed income through DTC , CNS, BONY and Local markets
• Address and resolve all unmatched items in RAD
• Process all requests for SPO, PPO’s, DWAC and DRS
• Monitor fails and request borrows as needed
• Reconciliation of DTC, CNS , BONY and local market settlement accounts
• Perform matching  process for all CNS activity on COR/COD’s am and pm process
• Process free receive and deliveries by monitoring the ATS tool and working exception
• Monitor the RAD screen to ensure all items are settling
• Monitor all daily reports 
• Monitor BONY and adjust seg as needed
• Process all physical certificates and ensure all the proper documentation is attached
• Review all incoming  physicals  in accordance with the BNP Paribas Securities Corp Micro cap policy as well as OFAC
• Complete daily checklist and ORUS controls

  

 

Technical & Behavioral Competencies

Requires fundamental understanding of securities industry as it relates to the following:

•         Domestic/International settlement practices
• DTC
• Broadridge BPS
• Fed settlement
• Physical certificate processing
• Calyspo
• Bolivar
• Swift

•         4 years of experience in domestic securities settlements operations.  

•         4  years of experience working with operational processes and risks, escalating concerns as needed.  

Preferred Qualifications:

•         Detailed knowledge of domestic/international securities settlements
• Ability to work as part of a team in a fast- paced operations environment. 
• Experience using DTC, BONY, Broadridge systems and local markets

 

FINRA Registrations Required: 
• Not Applicable

Skills Referential

Behavioural Skills:

Active listening

Adaptability

Ability to share / pass on knowledge

Ability to collaborate / Teamwork

Transversal Skills:

 

Analytical Ability

Ability to develop and adapt a process

Ability to understand, explain and support change


Primary Location: IN-KA-BangaloreJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 5 yearsSchedule: Full-time Reference: OPE001453