Senior Associate - Principle Lending Corporate Actions

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

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:

Principal Lending is past of MFS Sec lending function:

• Temporarily transfers of title of the security (Loan) and associated rights and privileges.
• Lender has the Right to recall the security.
• Lender receives collateral from the borrower, valued higher than the value of the lent securities.
• The margin levels are “marked-to-market,” to ensure that the loan is sufficiently collateralized on all times.
• Pre-negotiated fee is charged by the Lender on the borrower for each loan till the loans are closed.

Corporate action events are initiated majorly for the below reasons.

Ø Return profit to shareholders.

Ø Corporate restructuring in order to accelerate the profitability of the company.

Ø Improve the liquidity of the stock by influencing the increase or decrease in price (stock splits and reverse stock splits)

Job Title:

Sr. Associate

Date:

Department:

Principal Lending

Location:

  Chennai

Business Line / Function:

Market and Financing Services

Reports to:

(Direct)

Team manager of CA  

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.

·       Sr. Associate will be responsible for performing daily tasks related to corporate action process carried out in the principal lending department. He/ She will work on the daily tasks, monitor the corporate action events, and process the election across counterparties for voluntary events and book trades for Mandatory events directly reports to the Team Manager of the Corporate action. The staff will be working closely with Paris management, Relationship management, Front office, and external Brokers /counterparties as part of their daily BAU.

Responsibilities

Direct Responsibilities

·       Keep up and manage every operational aspect linked to the activity of Principal lending. (Corporate action event processing / Stock booking / Reconciliation of stock and cash breaks)

·       Ensure to process daily events Voluntary/Choice/Mandatory. Monitor all the instruction passed for the events by counterparties and respond client enquiries on timely manner.

·       Understanding different types of CA and dividend events and trade life cycle.

·       Knowledge about US /EMEA/APAC markets and specifications to manage event deadlines and cut off.

·       Maintain quality relationship with every global custody operational team of each branch of BNP Paribas Securities Services, with external stakeholders like counterparties and with our trading desk.

·       Understanding the different types of SWIFTS messages and decode the corporate action event messages.

·       Job involves high degree of Daily communication and interaction with internal /external Counter parties, custodians and agent banks and external clients.

·       Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.

·       Resolve Cash and stock breaks in the reconciliation in collaboration with reconciliation team

·       Must be able to see tasks through to completion with a sense of accountability.

Technical & Behavioral Competencies

·   Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

·   Ability to work in a team environment in coordination with the colleagues and the mangers.

·   Proficient in Microsoft Office Applications and strong MS Excel skills required.

·   Proficient in Swift tools and Banking applications

·   Knowledge in securities operations and custody.

Specific Qualifications (if required)

Any Certification related to corporate action and securities service market.

Skills Referential      

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Communication skills - oral & written

Communication skills - oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to develop and adapt a process

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 4 years

Other/Specific Qualifications (if required)