The bank for a changing world

Associate L1

Contract

Standard / Permanent

Location

IN-MH-Mumbai

Job function

OPERATION PROCESSING

Reference

PF000015

Key responsibilities and accountabilities

 

-          Independent delivery of accurate and timely NAVs for hedge funds – with higher volume and complexity (having  equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:

o    Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks

o    Income reconciliation (dividends and interest)

o    Manual Pricing and Pricing review

o    P&L review and Tolerance checks

o    Fees accrual, management and performance fee calculation and booking

o    Capital bookings and reconciliation with Investor services system reports

o    TB tie out and compiling NAV pack

-          Delivery on audit requests and resolution of all queries on the same

-          Ensure appropriate checks and balances are followed and documentation  is maintained to ensure no internal quality or internal compliance, internal audit or ISAE findings

-          Compliance with all internal organizational and business policies

 

Knowledge and skills required

Should have fund accounting experience (understanding of process and business required). If exposure is in hedge fund accounting it will be preferred – an added advantage.

Good understanding and ability to apply basic accounting principles.

Should have working knowledge of asset classes like equities, bonds, futures, options and swaps i.e. how they operate in real world.

Experience on Advent Geneva system would be preferred – an added advantage.

Decent experience on Microsoft Excel – Pivots, financial functions, etc.

 Experience - 2 to 5years

Job specific competencies

Ambitious / Driven

Should demonstrate the hunger to learn and grow. Should be a go-getter i.e. proactive, driven and demonstrate ability to stretch for the learning / growth.

Delivery Ownership / Client Focus

Should demonstrate strong accountability and attitude towards owning deliveries and servicing clients.

Quick learner

Should inspire confidence that he/she can learn and pick up skills / knowledge quickly.

Smart / Analytical capabilities

Should come across as someone smart, who has ability to think through issues and figure out solutions.

Ability to manage stress

Should be able to perform under stressful situations - not get nervous, lose composure or confidence, be able to think through, etc.

Communication

Should be able to express himself or herself clearly without major mother tongue influence. Be able to understand and grasp the questions / requirements and frame responses appropriately. Not make any glaring written language mistakes.

Cultural fitment

Should fit the BNP culture and come across as someone who can gel and work with the team.

Financial / Capital Markets Interest

Should want to genuinely make a long term career in financial / capital markets and demonstrate interest in the field.

 

 

 


Key responsibilities and accountabilities

Experience 2 to 5 years

  • Independent delivery of accurate and timely NAVs for hedge funds – with higher volume and complexity (having  equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:
    • Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
    • Income reconciliation (dividends and interest)
    • Manual Pricing and Pricing reviewP&L review and Tolerance checks
    • Fees accrual, management and performance fee calculation and booking
    • Capital bookings and reconciliation with Investor services system reports
    • TB tie out and compiling NAV pack
  • Delivery on audit requests and resolution of all queries on the same
  • Ensure appropriate checks and balances are followed and documentation  is maintained to ensure no internal quality or internal compliance, internal audit or ISAE findings
  • Compliance with all internal organizational and business policies
 

Knowledge and skills required

Should have fund accounting experience (understanding of process and business required). If exposure is in hedge fund accounting it will be preferred – an added advantage.
Good understanding and ability to apply basic accounting principles.
Should have working knowledge of asset classes like equities, bonds, futures, options and swaps i.e. how they operate in real world.
Experience on Advent Geneva system would be preferred – an added advantage.

Job specific competencies

Ambitious / Driven
Should demonstrate the hunger to learn and grow. Should be a go-getter i.e. proactive, driven and demonstrate ability to stretch for the learning / growth.
Delivery Ownership / Client Focus
Should demonstrate strong accountability and attitude towards owning deliveries and servicing clients.
Quick learner
Should inspire confidence that he/she can learn and pick up skills / knowledge quickly.
Smart / Analytical capabilities
Should come across as someone smart, who has ability to think through issues and figure out solutions.
Ability to manage stress
Should be able to perform under stressful situations - not get nervous, lose composure or confidence, be able to think through, etc.
Communication
Should be able to express himself or herself clearly without major mother tongue influence. Be able to understand and grasp the questions / requirements and frame responses appropriately. Not make any glaring written language mistakes.
Cultural fitment
Should fit the BNP culture and come across as someone who can gel and work with the team.
Financial / Capital Markets Interest
Should want to genuinely make a long term career in financial / capital markets and demonstrate interest in the field.