The bank for a changing world

Associate L1 - Hedge Fund Services

Contract

Standard / Permanent

Location

IN-TN-Chennai

Job function

OPERATION PROCESSING

Reference

PF000022

BNP Paribas Global Securities Operations – Job Description

 
Business Line   : Asset And fund services
Team                   : hedge fund services - Reconciliation
Designation      : Associate level I
Company background
The bank for a changing world
With strong roots anchored in Europe’s banking history dating back to 1848, BNP Paribas supports its clients and employees in today’s changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world’s largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.
A leading global custodian and securities services provider
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas 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) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.
Global Securities Operations
One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.
 
 
 
Visit us at:
 
Job summary
 
  • Ensure reconciliations (cash, position, OTE, 3 way) are produced accurately and in a timely manner.
  • Ensure that, client issues/concerns are addressed and resolved with in the agreed timelines.
  • Ensure high level of communication network is established will all the departments within the Business group.
  • Ensure all the documentation is in place w.r.t Risk mitigation and Control.
  • Prioritize the work and conduct investigation with due diligence on all the discrepancies.
  • Implement all corrective measures/actions.
  • Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
  • Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
  • Preparation of Key/Standard Operating Procedures for each process migrated to Chennai Hub.
  • Work on strategic development projects for business transformation, etc.
Knowledge and skills required
 
  • Working knowledge of Advent Geneva required.
  • Hedge fund reconciliation processes experience a must – ability to understand and resolve breaks in a hedge fund operating environment (systems, asset classes, deliverable timelines, etc.).
  • Prior experience in Redux – Viteos reconciliation system preferred.
  • Deep operational understanding of asset classes like futures & options, equity swaps, CDS, etc. apart from equities and bonds.
  • Exposure to global colleagues, clients and teams preferred – develop a strong working relationship with global offices key.
  • He / She will be expected to deliver accurate and timely deliverables – focus on delivery is key.
Job requirements
Educational qualification             : Graduation/Post Graduation
Relevant years of experience     : 1 to 3 years
Number of staff supervised         : NA

BNP Paribas Global Securities Operations – Job Description

 
Business Line   : Asset And fund services
Team                   : hedge fund services - Reconciliation
Designation      : Associate level I
Company background
The bank for a changing world
With strong roots anchored in Europe’s banking history dating back to 1848, BNP Paribas supports its clients and employees in today’s changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world’s largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.
A leading global custodian and securities services provider
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas 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) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.
Global Securities Operations
One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.
 
 
 
Visit us at:
 
Job summary
 
  • Ensure reconciliations (cash, position, OTE, 3 way) are produced accurately and in a timely manner.
  • Ensure that, client issues/concerns are addressed and resolved with in the agreed timelines.
  • Ensure high level of communication network is established will all the departments within the Business group.
  • Ensure all the documentation is in place w.r.t Risk mitigation and Control.
  • Prioritize the work and conduct investigation with due diligence on all the discrepancies.
  • Implement all corrective measures/actions.
  • Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
  • Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
  • Preparation of Key/Standard Operating Procedures for each process migrated to Chennai Hub.
  • Work on strategic development projects for business transformation, etc.
Knowledge and skills required
 
  • Working knowledge of Advent Geneva required.
  • Hedge fund reconciliation processes experience a must – ability to understand and resolve breaks in a hedge fund operating environment (systems, asset classes, deliverable timelines, etc.).
  • Prior experience in Redux – Viteos reconciliation system preferred.
  • Deep operational understanding of asset classes like futures & options, equity swaps, CDS, etc. apart from equities and bonds.
  • Exposure to global colleagues, clients and teams preferred – develop a strong working relationship with global offices key.
  • He / She will be expected to deliver accurate and timely deliverables – focus on delivery is key.
Job requirements
Educational qualification             : Graduation/Post Graduation
Relevant years of experience     : 1 to 3 years
Number of staff supervised         : NA