Job Description

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union\xe2\x80\x99s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Union\xe2\x80\x99s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group\xe2\x80\x99s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group\'s performance and stability

Commitment to Diversity and Inclusion

BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

Principal Lending is past of MFS Seclending function:

• Temporarily transfers of title of the security (Loan) and associated rights and privileges.
• Lender has the Right to recall the security.
• Lender receives collateral from the borrower, valued higher than the value of the lent securities.
• The margin levels are \xe2\x80\x9cmarked-to-market,\xe2\x80\x9d to ensure that the loan is sufficiently collateralized on all times.
• Pre-negotiated fee is charged by the Lender on the borrower for each loan till the loans are closed.

Job Title:

AVP - Principal Lending Operations

Date:

Department:

Principal Lending

Location:

Chennai

Business Line / Function:

MFS

Reports to:

(Direct)

Head of Principal Lending Operations

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

Position Purpose

The AVP - Principal Lending operations will be responsible for taking care of the Back Office operations functions for Principal Lending business in Chennai Location. He or She is responsible to monitor the productivity of the processes, monitor and manage risks, people and overall governance of the department by efficiently channelizing the respective Managers/N-1s to provide high quality of service to the internal stakeholders, business and to the clients. He or She expected to drive strategic projects in the location by working efficiently with the Global stakeholders of other locations, to help in implementing global objectives.

Responsibilities

Direct Responsibilities

Operations

\xc2\xb7 Responsible for full back office operational functions of Principal lending operational processes such as Settlements, Collateral Management, Global Static Data, Reconciliations, Income & Corporate Actions and Fee management across all regions (APAC, EMEA and Americas)

\xc2\xb7 Foster relationships across multiple areas in the firm including trading desks, operations, technology, compliance departments and global groups to standardize the processes

\xc2\xb7 Enable brain-storming sessions with N-1s to identify recurring issues that impact Client and their desired level of services

\xc2\xb7 Ensure procedures, skill matrixes are updated to-date, monitor the knowledge base of each teams and ensure there are no operational dependencies.

\xc2\xb7 Be a role model and act with high standards by being accountable and by taking ownership

Risk Management

\xc2\xb7 Monitor the team\'s performance and quality of delivery against the agreed SLAs and standards Follow up on cash, trade & position breaks, pending fee payments of the activities.

\xc2\xb7 Closely monitor the non-cover report of collateral management and ensure sensitive clients with high book values are given extra care.

\xc2\xb7 Identify the pain points and implement the fixes and adequate control measures to maximize the standards to meet Client\'s desired level.

\xc2\xb7 Manage internal and external audit and own up the finding and recommendation and steer it until completion Implement temporary/strategic fix to reduce risk and manual work via consultative approach with Global stakeholders

\xc2\xb7 Co-ordinate on all Audit related activities related to the perimeter and ensure results are "General Satisfactory"

\xc2\xb7 Fair understanding of the regulatory environment and upcoming changes.

Budget and Governance

\xc2\xb7 Conduct Monthly Service Level Calls with Paris Global Heads and conduct Weekly Management calls with N-1s to cascade management communications and receive key operational inputs, issues and incident follow ups

\xc2\xb7 Plan and define Business continuity Plan for each functions to address a possible Extreme Risk Scenario

\xc2\xb7 Manage the cost code and budget allocation for the department and ensuring effective utilization are in line with the Global figures.

\xc2\xb7 Going beyond individual objectives for the benefit of the bank as a whole.

Recruitment and People

\xc2\xb7 Recruit competent, trainable and culturally fit people in the department and ensure the staffs appraised for their performance without bias.

\xc2\xb7 Ensure objectives are set for the staffs, monitors & review performance conduct interim and annual performance reviews and fair CRP exercise.

\xc2\xb7 Help the staff to develop their skills, improve their areas of improvements and other developmental goals to enhance their career growth.

\xc2\xb7 Identify the talents, built capabilities and created robust successive plan for each functions.

\xc2\xb7 Mentor and motivate teams to achieve productivity and engagement.

\xc2\xb7 Encourage mobility and championing the diversity drive and achieved healthy gender ratio since 2020 Anticipating resource challenges, plan and strategies recruitments

Technical & Behavioral Competencies

\xc2\xb7 Demonstrate leadership skills through role model behaviors and professionalism.

\xc2\xb7 Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines

\xc2\xb7 Ability to develop and cultivate relationships across all staff levels.

\xc2\xb7 Demonstrate integrity with data, colleagues and Stakeholders

\xc2\xb7 Ability to organize, prioritize tasks and work in a deadline oriented environment.

\xc2\xb7 Ability to work under pressure and communicate well, being accurate and concise, ability to deliver to tight and demanding deadlines

\xc2\xb7 Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.

\xc2\xb7 Must be able to demonstrate a strong Risk and Control mindset

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to deliver / Results driven

Communication skills - oral & written

Organizational skills

Personal Impact / Ability to influence

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to understand, explain and support change

Ability to inspire others & generate people\'s commitment

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)

Key Requirements

\xc2\xb7 Graduation from a recognized University, preferably a Master\xe2\x80\x99s degree in Commerce or MBA (Finance)

\xc2\xb7 Candidate should have minimum of 10 years of overall experience in capital market operations (preferably a few years in Securities Lending/Custodian Operations) of a Multi-National Banking Company with at least 6-8 years of management experience

Qualifications

Skills Referential

Behavioural Skills: (To be similar to the list available in About Me)

Ability to deliver / results driven

Communications skills - oral & written

Organization skills

Personal Impact / Ability to influence

Transversal Skills:

(To be similar to the list available in About Me)

Ability to develop and adapt a process

Ability to develop and adapt a process and improve their skills

Ability to develop and leverage networks

Education Level:

Master Degree or equivalent

Experience Level

At least 13 years

BNP Paribas