The bank for a changing world

Associate - Reconciliation

Contract

Standard / Permanent

Location

IN-TN-Chennai

Job function

OPERATION PROCESSING

Reference

TRA000617

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.

Securities Services Chennai Hub

One of the three international operations centers, BNP Paribas Sundaram Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Our services include custody operations, fund accounting, middle office operations, static data management, IRP and other transversal services.

Job summary

Roles & Responsibilities

  • Understand and get trained in all the tasks/activities in the process.
  • Perform the daily Nostros, Internal & Securities accounts reconciliation via Sungard, intelliMATCH
  • Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
  • Prioritize the work and conduct investigation with due diligence on all the discrepancies.
  • Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.
  • Taking corrective measures/action in consultation with the Team Lead /Assistant Manager.
  • Escalate unresolved open items to the Team Lead /Assistant Manager.
  • Maintain Communication Channels with internal peer groups.
  • Participate in Cross Training and ensure the Knowledge transfer between the team and processes is happening on periodic basis.
  • Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
  • Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

Job requirements

Number of staff supervised: None

Educational qualification: Graduation/Post Graduation

Total years of experience:  0-2 years        

Knowledge and skills required

  • Strong verbal and written English Communication Skills is required.
  • Speaking & Reading French Language is a Plus.
  • Bachelor’s Degree in Commerce is must, preferably a Master’s degree in Commerce.
  • Minimum of 0 – 3 years of experience in operations in related industry preferably in Securities/Custodian Operations of a Multi National Banking Company.
  • Should possess strong analytical, organizational and interpersonal skills.
  • Should be committed and have the ability to prioritize the work and work independently as well as in a team environment.
  • Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required.
  • Should be prepared to travel if there is any requirement.
  • Must be flexible and be prepared to work in any shift supporting Asia/Americas/European business hours based on business requirement.
     
    Job specific competencies

Client Focus

Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

Communication

Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
 
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.

Team Work

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

Continuous Improvement and adaptation

Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.