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:
Middle office – Trade support – STP team is a global static data handling team with locations in Chennai and Mumbai, providing coverage to Middle office clients across various regions that includes Sydney/NZ, EMEA, APAC and the US.
The operational scope covers, New client Onboarding, Creation and maintenance of end to end static information of Client, Funds, Brokers and Custodian under multiple Middle office applications, Funds Decommission, High level investigation queries, Projects management, Market regulatory revisions and Change controls.
Job Title:
Senior Associate
Date:
Department:
MO - Trade Support - STP
Location:
Business Line / Function:
IFSO
Reports to:
(Direct)
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
The position will be responsible for setting up Portfolios/Brokers/Custodies in Tradeflow application.
Should ensure to manage BAUs in line with the standard operating model.
Manage the Work effectively with team members to accomplish common goals.
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.
Require a key player to perform Input/Validate as per the SOP and business control.
Responsibilities
Direct Responsibilities
· To work as a member of Static data team with internal applications.
· Should have wider knowledge on Trade life cycle and Global trade processing models.
· Interact with both internal and external parties to resolve static related queries.
· Assist the team members on the BAU and act as a back in the absence of supervisor.
· Should have knowledge on Standard Settlement Instructions.
· Should possess good communication and analytical skills.
· Basis awareness on the types of SWIFT instruction across multiple products required.
· Query resolution in accordance with agreed time frames.
· Need to participate on testing and implementation activities.
· Should ensure all the control measures are adhered.
· Ensure all exceptions / Change of procedure are documented as per BNP Paribas policy.
· Active involvement in Projects and Escalation calls for resolution.
· Extensive communication with Internal & External parties.
· Taking full advantage of the MO transversal Static & Alert knowledge, provide value added solutions that enables the operational teams for a seamless transition to the new operating model.
· Understand the current models for ASI service.
· Review new model proposals and confirm viability.
- One point of contact for Static & alert on the new model.
- Representation & ownership for static & alert streams in all governance calls including SWAT.
· Accountable to feed all project stakeholders (Programme, Client, Management, etc.) and ensure the key and appropriate updates/issues are raised.
Contributing Responsibilities
· Participate and help management in the Audit and MIS activities.
· Support static & alert changes in accordance to the various phases of offboarding
· Support testing requirements for operational teams based on agreed models.
· Support round trip testing on the agreed models.
· Support a similar approach for subsequent models for IBOR and ultimately accounting only.
- Collaborate with global counterparts and local operations team to ensure proper coverage of assigned tasks.
Technical & Behavioral Competencies
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal 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-Word & Excel skills required.
- To be based in Chennai and prepared to travel as required.
- Must be prepared to work in any shift supporting Asia/Americas/European/US business hours.
- Good knowledge of Asset Service Industry.
- Well-versed computer skills.
- Swift knowledge, MT540, MT541, MT542, MT543, MT300, MT202, MT210, Mt103, MT320, MT321 and MT302.
- Good static or referential data knowledge.
- An understanding of how an Asset Manager operates with Custodians and Brokers.
- An understanding of a variety of Instrument types.
- Knowledge of Omgeo & Tradeflow would be an added advantage.
Specific Qualifications (if required)
College Degree, preferably a Master’s degree in Commerce or MBA (Finance)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills - oral & written
Creativity & Innovation / Problem solving
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Ability to manage a project
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
