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.
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 specialised 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
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.
About Business line/Function:
Job Title:
Associate L1 / Senior Associate
Date:
Department:
AMO
Location:
ISPL - Chennai
Business Line / Function:
Reconciliation
Reports to:
(Direct)
Grade:
(if applicable)
N/A
(Functional)
Number of Direct Reports:
N/A
Directorship / Registration:
NA
Position Purpose
BNP Paribas ISPL Chennai would be the extended team of Investment Operations team and responsible for delivering the services related to Security Master, Pricing, Benchmark and Reconciliations processes which are currently under transition from BNP Paribas Asset Management Brussels S.A.
BNP Paribas Asset Management is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards his clients. These funds & mandates are managed by Portfolio Managers, who are based in the different locations across the globe.
Investment Operations is responsible for handling and monitoring all services, in order that the Portfolio Managers are able to manage daily their portfolios. Security Master Operations is one of the teams within Investment Operations.
You, as a member of the team Security Master, Benchmark & Pricing Operations, will be responsible for the daily creation of financial instruments and Funds / Mandates, daily monitoring and validation and publication of prices for all instruments. Besides the creation, you will provide effective support to internal and external clients and you will work on frequent projects related to data quality enhancement as well as process improvement. Understand the valuation (prices / Mark to Market + analytics) process of all kinds of financial instruments. Make sure that the pricing strategy is fully applied.
Responsibilities
Direct Responsibilities
Cash reconciliation
• Perform daily cash reconciliation between bank statements received from custodians and various clearing agents versus our position keeping tool and perform the cash publish activity with the stipulated time. Liaise with portfolio managers, service providers and various teams within Ops to maintain the accuracy as per the specification in our position keeping tool. Update internal reports and monitor outstanding breaks in cooperation with custodians, accountants, clearers and teams within investment Ops.
Securities reconciliation
• Perform daily position reconciliation between bank statements received from custodians and various clearing agents versus our position keeping tool.
• Check all cash and positions linked to futures and options between our position keeping tool and all clearers.
Reporting
• In line with client requests, compile and prepare reports at various frequencies throughout the month. Provide a monthly validation for reporting via the ‘green light’ process confirming all data on our accounts are accurate.
Client Focus
Complete commitment to provide professional and prompt responses to meet clients’ requirement.
Communication
Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language at all times, and adhering to the use of the BNPP Email protocols.
Teamwork
Work effectively with team members to accomplish goals, exhibit high-level of respect to colleagues, display integrity in dealing with team members.
Continuous Improvement and Adaptation
Be innovative, embrace changes, and simplify the comprehensive areas without compromising on quality or timeline. Adapt continuous improvement as a culture.
Primary responsibilities
· BAU Excellence
· Client Focus
· Risk & Controls
· Teamwork
· Learning & Development
Technical & Behavioral Competencies
• Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.
• Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines.
• Proficient in Microsoft Office Applications and strong MS Excel skills required.
• Good verbal and written communication
Specific Qualifications (if required)
Graduates (Finance preferred)
Candidates should be willing and flexible to work in any shifts
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills - oral & written
Ability to synthetize / simplify
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Ability to develop others & improve their skills
Ability to anticipate business / strategic evolution
Education Level:
Choose an item.
Experience Level
Choose an item.
Other/Specific Qualifications (if required)
