We are looking for

Global and Local Custody Account Manager, Tax Services - Associate

Last update 15.01.2025

BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.

Company Purpose:

Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.

Our employer promise is built around three pillars:

  • Being a great place to work
  • Committed to sustainability and having a positive impact
  • Being dedicated to the development of our people

Business Area

The Banking Services and Operations (BSO) Department delivers services in three areas:

  • Local Custody, which provides Clearing, Settlement, Cash, Corporate Actions, Income, Tax services for UK and international clients. These are mainly Institutional Investors (Asset owners, Asset Managers…), and Financial intermediaries (Broker Dealers, Global custodians…).
  • Global Custody, which provides the same range of services to Institutional investors and asset managers who open a Global Custody account in UK to hold assets in over 90 countries.
  • Broker Dealer Outsourcing, which provides Back-office outsourcing services of Settlement, Financial accounting and Transaction reporting for Mid-size Brokers.

Job Purpose

The account manager will work alongside the Global Custody UK Tax Account Managers who are responsible for daily direct support and contact with clients and internal teams in relation to Global Custody UK activity on all Global Markets ensuring that queries and issues are responded to in a timely and appropriate fashion.  They are to work with the team who are responsible for the full end to end Custody Tax function including GCUK Tax tasks).  They will perform manual tasks relating to tax such as reclaim and relief at source documentation as well as reporting.

The account manager will also assist on any client and non-client facing tasks (as per the teams checklists but not limited to) ensuring tasks are performed in an accurate and timely manner.  They are to ensure the adherence to all processes and procedures. 

Key Responsibilities

  • Query management – Ensuring these are answered in an accurate and timely manner.
  • Be responsible for accurate and proactive production of own work.
  • Processing and completion of tasks are in line with procedures.
  • Adopting a pro-active approach to issues and events that may have significant impacts for the clients.
  • Adopting a pro-active approach to improve the current processing of work.
  • Ensuring clients receive a Desired level of service or better.
  • Ensuring daily reconciliation and clearance of cash and stock items.
  • Ensuring all key controls and assigned tasks are completed in a timely manner.
  • Holding/attending meetings/calls /due diligence /service review with clients/internal parties/external parties.
  • Engage and deliver on new business opportunities
  • Liaising with clients and internal parties to resolve any issues pertaining to custody activity.
  • Ensure key controls are updated and maintained.
  • Is responsible for updating and maintaining procedures and proposes changes / improvements when appropriate.
  • Build strong relationships with all parties and work together effectively.
  • Ad-hoc projects as required
  • Actively follows-up the progress and resolution of all Birdies and Preventive Measures.
  • Archiving for the team.
  • Ensures that ROME Lite and all other Risk Framework is regularly updated to cover all custody risks.
  • Assists in building KPI / Metrics to monitor the risk and control framework.
  • Processing of all Physical settlements (stock receipts/withdrawls etc), Unit Trusts and other Settlement activity within the team.
  • Ensuring the escalation of issues to group head/department management.

Requirements

Essential

  • Adaptability to change and balancing priorities 
  • Results and quality orientation
  • Excellent written and oral communication skills
  • Strong Customer Service Focus
  • Proven Team Working skills
  • Risk oriented
  • Behaviours in line with BNP Culture expectations
  • Attention to detail & accuracy 

Preferred

  • Innovation and continuous improvement – Use own initiative
  • Works well under pressure

And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).

A bit more about why you should join us

1.     We’re a great place to work

We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)

We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:

  • allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
  • plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
  • , neurodiversity assessment and support.
  • in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.

* Subject to relevant caps

2.     As the eurozone’s largest bank, we are committed to having a positive impact in the world.  

For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.

But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.

3.     We believe in our people

We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.

We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.

Investing in our people also means we have a collaborative and inclusive culture:

  • Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
  • Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:

Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.

Equal opportunities

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.

Adjustments

We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.

#LI-Hybrid


Interested by our offer? Don't wait any longer!

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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