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Associate Level 1

Job type
Permanent
Schedule
Full time
Brand
BNP Paribas India Solutions
Study level
MBA
Sorry, this position is already filled
Last update 13.09.2024

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:

BNP Paribas acts as a custodian bank for their clients which is a specialized financial institution responsible for providing securities services. It provides post-trade services (Clearing & Settlement) and solutions for asset owners, asset managers and broker-dealers. BNP has physical possession of its clients' financial assets. These could include cash, stock certificates, bonds, and other financial instruments and are responsible for safeguarding these types of assets.

Associate Level 1- Local Settlements

 

Job Title:

Associate Level 1

Date:

  

Department:

BSO

Location:

Chennai & Mumbai

  

Business Line / Function:

Local Settlements

Reports to:

(Direct)

Asst. Manager

  

Grade:

(if applicable)

(Functional)

  

Number of Direct Reports:

NA

Directorship / Registration:

    

Position Purpose

  

The role of an Associate Level 1 in the Local Settlements team requires the person to facilitate settlement of Client trades in the relevant Settlement Centre. The role has a weightage attached to it as the person will have to possess good knowledge of the Trade life cycle & the Clearing and Settlement activity. The person forms the core of the team by performing critical activities that aid in trade settlement. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.

  

Responsibilities

  

Direct Responsibilities

·      Capturing of client instructions into Settlement system without any error.

·      Keeping clients posted on the latest status of their trades with BNP.

·      Placing the client’s trades into respective markets to enhance the settlements.

·      Liaising with the counterparties and various other internal and external stakeholders to enhance the process of smooth settlement.

·      Settled positions need to be accounted properly in the client accounts and appropriate breaks in the reconciliation need to be cleared

·      Cash and positions control checks should be always kept as top priority.

·      Calculation of client margins and posting of the same need to be adhered.

Contributing Responsibilities

·      Idea generation that will enable to simplify the process.

·      Contribute to update the procedures in line with the current process.

·      Should understand the process map and gain knowledge about the pre and post settlement activities.

  

Technical & Behavioral Competencies

  

·      Strong Analytical skills.

·      MS Office skills (Excel).

·      Time management.

  

Specific Qualifications (if required)

  

·      Graduates / Post Graduates (B.Com/MBA Finance preferred).

·      Candidates should be willing and flexible to work in any shifts.

·      Relevant work experience in the Trade settlements / Custody activity.

   

Skills Referential 

Behavioural Skills:

Ability to collaborate / Teamwork

Communication skills - oral & written

Client focused

Creativity & Innovation / Problem solving

Transversal Skills:

Analytical Ability

Ability to understand, explain and support change

Education Level:

Master Degree or equivalent

Experience Level

Atleast 1 year

Other/Specific Qualifications (if required)

        

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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 isn’t quite what you might think? At BNP Paribas, we do a multitude of different jobs that are constantly evolving to meet the expectations of our clients and society as a whole. Whether through everyday tasks or major projects, doing one of our jobs means making a personal commitment to taking sustainable action.

  • 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