The bank for a changing world

Associate - Hedge Fund Services

Contract

Standard / Permanent

Location

IN-TN-Chennai

Job function

OPERATION PROCESSING

Reference

BNP014740

Job title:                                  Associate Level I              
Department:                           Asset & Fund Services Department
Sub-department:                   Hedge Fund Services – APAC NAVs
Reports to:                              AVP
Date:                                        24 December 2015
Based at:                                 Chennai

Company background

The bank

With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.

BNP Paribas Securities Services

A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (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) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.

Job summary

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:
    • Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
    • Income reconciliation (dividends and interest)
    • Manual Pricing and Pricing review
    • P&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
  • Participation in system development projects, process change projects, etc.
  • 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

Number of staff supervised:

0

Educational qualifications

Post-Graduation in Finance (Graduate in Accounting with courses in capital markets may also apply).

Total years of experience

1 to 2 years

Relevant years of experience:

1 year

Knowledge and skills required

Should have commensurate fund accounting or reconciliation experience (understanding of process and business required). If exposure is in hedge fund accounting or reconciliation 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.

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.

Job title:                                  Associate Level I              
Department:                           Asset & Fund Services Department
Sub-department:                   Hedge Fund Services – APAC NAVs
Reports to:                              AVP
Date:                                        24 December 2015
Based at:                                 Chennai

Company background

The bank

With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.

BNP Paribas Securities Services

A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (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) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.

Job summary

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:
    • Cash and position reconciliation (accounting vs PB and 3 way); with resolution of breaks
    • Income reconciliation (dividends and interest)
    • Manual Pricing and Pricing review
    • P&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
  • Participation in system development projects, process change projects, etc.
  • 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

Number of staff supervised:

0

Educational qualifications

Post-Graduation in Finance (Graduate in Accounting with courses in capital markets may also apply).

Total years of experience

1 to 2 years

Relevant years of experience:

1 year

Knowledge and skills required

Should have commensurate fund accounting or reconciliation experience (understanding of process and business required). If exposure is in hedge fund accounting or reconciliation 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.

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.