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 specialized 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:
The COCE Trade Processing & Support Function at BNP Paribas facilitates Securities Services for Corporate and Institutional Clients. We provide Corporate Actions details, processing Client elections/instructions, Corporate Actions/ Income entitlements to a plethora of clients across the Americas, Asia Pacific and EMEA regions.
Job Title:
Senior Associate
Date:
2024
Department:
COCE Trade Processing & Support
Location:
Bengaluru
Business Line / Function:
COCE Trade Processing & Support
Reports to:
(Direct)
Lead
Grade:
(if applicable)
NA
(Functional)
NA
Number of Direct Reports:
None
Directorship / Registration:
NA
Position Purpose
Primary responsibilities of the team includes:
Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems
Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Responsibilities
Direct Responsibilities
- Scrubbing and set up of Corporate Actions in operating systems (e.g. Picasso)
- Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
- · Permanent follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. Calypso, Power, Picasso tools)
- Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.
- Ability to manage any Corporate Actions type on the overall scope of the team.
- Provide a regular report to hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
Contributing Responsibilities
- By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
- Monitors and take appropriate actions in case of market risks (buy ins)
- · escalation process when operational risk is detected Contribute to the overall successful running of the settlement department:
- By maintaining good working relationships with domestic agents and custodians
- By communicating with, and assisting, other operational departments where needed Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Technical & Behavioral Competencies
- Capacity to analyze, organize and report efficiently.
- Flexibility on working methods and changing international environment.
- Rigorous and reactive in order to face pressure and reach excellence anytime
- Diligently follow the set procedures and Compliance policies
- · Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
Other skills:
- Multi-cultural
- Analytical
- Risk aware
- Client oriented
- Rigorous attention to detail
- Result oriented
- Good communication skills
- Team spirit
- Must be fluent in English
Specific Qualifications (if required)
NA
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Critical thinking
Ability to deliver / Results driven
Active listening
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and leverage networks
Analytical Ability
Ability to develop and adapt a process
Ability to manage a project
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 5 years
Other/Specific Qualifications (if required)
NA
