The bank for a changing world

We are looking for

Senior Associate

Apply REF: ASS001731
Company Background

The Bank

With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.

BNP Paribas Securities Services

A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (Securities Services) has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.

Securities Services Chennai Hub

One of the three international operations centers, BNP Paribas Sundaram Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Our services include custody operations, fund accounting, middle office operations, static data management, IRP and other transversal services.

Job Description



 

Job Title:

 

Senior Associate

Date:

Jan-2019
 
 

Department:

 
IFSO

Location:

Mumbai
 

Business Line / Function:

 
HFS

Reports to:

(Direct)
 
Assistant Manager
 

Grade:

(if applicable)
 NA
(Functional)
 
 

Number of Direct Reports:

NA

Directorship / Registration:

 NA
 
 
 

Position Purpose

 
Independent delivery of accurate and timely NAVs for hedge funds.
 

Responsibilities

 
 

Direct Responsibilities

 
  • Independent delivery of accurate and timely NAVs for hedge funds – with extremely high volume or / and very high complexity (having  equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
    • Cash and position reconciliation (accounting Vs PB and 3 way); with resolution of breaks
    • Income reconciliation (dividends and interest)
    • Manual Pricing and Pricing review
    • P&L review and Tolerance checks
    • Fees accrual, management and performance fee calculation and booking
    • Capital bookings and reconciliation with Investor services system reports
    • TB tie out and compiling NAV pack
  • Could be required to review simpler hedge fund NAVs
 

Contributing Responsibilities

 
  • Delivery on audit requests and resolution of all queries on a timely basis
  • Participation in system development projects, process change projects, etc.
  • Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings
  • Compliance with all internal organizational and business policies
  • Troubleshoot issues of other team members and mentor / coach / buddy them
 

Technical & Behavioral Competencies

 
 
  • Strong hedge fund accounting or hedge fund reconciliation experience (understanding of process and business required).
  • Should have deep working knowledge of asset classes like equities, bonds, futures, options and swaps i.e. how they operate in real world.
  • Experience on Advent Geneva system would be preferred – an added advantage.
  • Decent experience on Microsoft Excel – Pivots, financial functions, etc.
 

Specific Qualifications

 
 
Post-Graduation in Finance (Graduate in Accounting with courses in capital markets may also apply) 

Skills Referential    

 
Behavioral Skills: (Please select up to 4 skills)
 
Communication skills - oral & written
 
Ability to collaborate / Teamwork
 
Adaptability
 
Active listening
 
Transversal Skills: (Please select up to 5 skills)
 
 
Ability to understand, explain and support change
 
Analytical Ability
 
Ability to develop and leverage networks
 
Ability to anticipate business / strategic evolution
 
Ability to manage / facilitate a meeting, seminar, committee, training…
 
Education Level:
Master Degree or equivalent
 
Experience Level
At least 2 years
 
 
Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 3 yearsSchedule: Full-time