Job Title: Vice President
Department: Security Settlements
About Business line/Function:
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, PNS..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.
Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.
Position Purpose:
Primary responsibilities of this role include:
· Lead a team that manages:
o Settlement of Security transactions and associated products in a timely and cost-effective manner
o Timely resolution of nostro and depot breaks
o Mitigation of operational and reputational risk by escalating in a timely and efficient manner
o Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
· Drive enhancements, synergies and standardization of functions regions
· Drive people agenda
· Ensure robust control environment across functions
Responsibilities
Direct Responsibilities
· Responsible for the settlement, on a timely and cost-effective basis by:
o Ensuring all trades are instructed, matched & settled on a timely basis
o Monitoring of failing trades & updating calypso with details of reason for fails
o Reducing fails and/or potential fails by means of pairing off or offering partial for deliveries
o Pre-matching trades on a daily basis
o Cash management related with funding trades
· Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
o By investigating and where possible, clearing all nostro breaks reported by Securities Control teams
o By investigating and where possible, rectifying all depot breaks on a timely basis reported by Securities
o Control teams
o By investigating and solving accounting breaks raised by Securities Control & Accounting teams
· Contribute to the minimization of settlement costs & operational risk:
o By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate
o operational or reputational risk
o Monitor and take appropriate actions in case of market risks such as buy-ins, penalties etc.
o By seeking to improve STP rates at our custodians thereby reducing costs
o By updating static data as and when necessary
o By reducing the number of manual instructions sent to agents, therefore reducing cost, manual intervention and settlement risk according to Compliance rules
o If necessary, using the escalation process when operational risk is detected
Technical & Behavioral Competencies
- Analytical Reasoning: Proficiency in understanding Front-to-Back (F2B) workflows and applying logical solutions to exceptions to ensure effective communication with the Front Office and internal stakeholders.
- Resilience & Organization: Proven ability to maintain high performance and composure within a fast-paced, dynamic environment through superior time management.
- Attention to Detail: A meticulous approach to monitoring trade patterns to ensure the rapid detection and escalation of any anomalies.
- Continuous Improvement: A proactive mindset focused on optimizing the status quo by evaluating alternative processes through a cost-benefit and ROI lens.
- Self-Governance & Reliability: Demonstrates high levels of autonomy and self-discipline, ensuring the punctual delivery of both daily production tasks and strategic projects.
- Agility & Change Management: The capacity to adapt seamlessly to evolving landscapes, including new booking systems, product launches, and shifting operational mandates.
- Client Partnership: A client-centric approach that seeks to understand the intent behind requests, providing proactive service while maintaining professional independence.
- Governance & Escalation: Strict adherence to internal reporting protocols, ensuring all sensitive issues are escalated to management and relevant stakeholders without delay
Specific Qualifications:
- Minimum of 15 years’ experience
- Prior experience in similar domain -DTC Settlements, Treasury Settlements, Equity Settlements, Prime Brokerage,
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
o DTC Settlements & Application (must have)
o Reconciliations
o Reporting through Power BI, Tableau.
o Advanced Excel
Behavioral Skills:
- Decision Making
- Personal Impact / Ability to influence
- Creativity & Innovation / Problem solving
· Organizational skills
Transversal Skills:
· Ability to manage a project
· Ability to develop others & improve their skills
· Ability to develop and leverage networks
· Ability to manage / facilitate a meeting, seminar, committee, training
· Ability to develop and adapt to a process
Education Level: Bachelor Degree or equivalent
Location: Bangalore
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, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and 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.
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.
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, color, 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. 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.
