Job Description

About BNP Paribas Group:BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.About Business line/Function :Securities Asia executes its clients\xe2\x80\x99 orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. On the market side, Securities Asia\xe2\x80\x99s transaction contracts with HKSCC, are novated to its designated third party clearer, BP2S and as a result, BP2S becomes the contracting and settlement counterpart of HKSCC in respect of Securities Asia\xe2\x80\x99s market transactions, with Securities Asia becoming responsible for settling its net market obligations with BP2S acting as Securities Asia\xe2\x80\x99s clearer.For settlements, Securities Asia sends its SIs to BP2S, who on one hand settles Securities Asia\xe2\x80\x99s client\xe2\x80\x99s side transactions for Securities Asia in its capacity as Securities Asia\xe2\x80\x99s custodian and on the other, settles with Securities Asia the CNS positions as Securities Asia\xe2\x80\x99s counterpart.Job Title:Assistant ManagerDate:19/01/2024Department:COCE Trade and Processing SupportLocation:ChennaiBusiness Line / Function:Agency SettlementsReports to:(Direct) ManagerGrade:(if applicable)(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition Purpose\xc2\xb7 Manage instruction and settlement process for Equities.\xc2\xb7 Monitor Client Money Segregation\xc2\xb7 Projects and Process & control efficiency\xc2\xb7 Manage Corporate Action business for Custody clientsResponsibilitiesDirect Responsibilities1. Settlements- Preparing Settlement Instructions for all Asia Equity Markets.- Liaising with overseas brokers/custodians over trade-pre-matching issues.- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate.- Updating static data information at back end related systems.- Follow up outstanding trades and ensure correctness of record updated.- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.2. FnO Invoicing- Ensure give up agreements are updated.- Perform inputting of give up commission charges rate in STP/ Billing Tool.- Perform regular checking on Commission rate vs all rated systems.- Liaising with Front Office/Client to follow-up on Commission invoicing issue.- Monthly billing invoicing.- Follow up with outstanding Commission with MO/FO and paying agents.3. Client Services- Payments processing- Bank reconciliation- Posting journals for accountingContributing Responsibilities- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.Technical & Behavioral Competencies\xc2\xb7 Bachelor or Master Degree on Economics, Mathematics or Finance\xc2\xb7 Good Equity knowledge (theoretical or professional)\xc2\xb7 Knowledge on Pre-Matching and settlement of trades\xc2\xb7 Good knowledge on Reuters / Bloomberg\xc2\xb7 Excellent Microsoft and programming skills (VBA, Excel, Access)\xc2\xb7 Analytical mindset: Aptitude to understand financial pricing is needed as to be able to calculate simulations, forward impact and communicate the results with traders.\xc2\xb7 Attention to detail: Ability to notice any abnormal processes as well as any unusual dividends or prices\xc2\xb7 Innovation and initiatives (Think \xe2\x80\x9coutside the box\xe2\x80\x9d): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach.\xc2\xb7 Self discipline & autonomy: Have a constant \xe2\x80\x9cdelivery on time\xe2\x80\x9d mindset, both on the daily production side (SLA on dividends updates or on CA instructions for instance) and on the projects handled. Ability to work on its own with little supervision.\xc2\xb7 Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage\xe2\x80\xa6) as this is a constant changing environment\xc2\xb7 Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.\xc2\xb7 Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution.Specific Qualifications (if required)\xc2\xb7 Good Equities knowledge (theoretical or professional)\xc2\xb7 Relevant product knowledge of Corporate action / settlement\xc2\xb7 Basic Microsoft Excel & Word knowledgeSkills ReferentialBehavioural Skills: (Please select up to 4 skills)Ability to share / pass on knowledgeAttention to detail / rigorAdaptabilityAbility to collaborate / TeamworkTransversal Skills: (Please select up to 5 skills)Ability to develop and adapt a processAbility to understand, explain and support changeAbility to manage a projectAnalytical AbilityAbility to develop and leverage networksEducation Level:Bachelor Degree or equivalentExperience LevelAt least 5 yearsOther/Specific Qualifications (if required)QualificationsEducation Level:Bachelor Degree or equivalent

BNP Paribas