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 :

Wealth Management Operations in ISPL started in 2018, provide back office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security Masterfile

Job Title:

Associate level1 / Associate

Corresponds to Inputter

Date:

3-Jul-2023

Department:

Wealth Management Operations ISPL

Location:

BNP Paribas India Solutions Private Limited (ISPL),Mumbai

Business Line / Function:

Wealth Management

Reports to:

(Direct)

Head of Equity & Mutual Fund Team

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Equity team\xe2\x80\x99s goal is to ensure booking of all Equity and Mutual funds trade by T+1 and ensure all cash and security breaks are timely reconciled

Responsibilities

i) Direct contribution to BNPP operational permanent control framework

ii) Comply with regulatory requirements and internal guidelines

iii)Contribute to the reporting of all incidents according to the Incident Management System

iv)Contribute to the optimal quality customer service in securities processing

\xc2\xb7 Co-ordinate with counterparty on settlement of trades for Equities and Mutual Funds.

\xc2\xb7 Process instructions to various custodians for settlement.

\xc2\xb7 Liaise with Front Office / dealers on necessary documentation for the processing of trade settlement.

\xc2\xb7 Update clients\xe2\x80\x99 positions in system.

\xc2\xb7 Follow up and monitor the progress of late and failed trades.

\xc2\xb7 Update status of any failed trade/transfers by the stipulated settlement date.

\xc2\xb7 Compute, advise and debit clients\xe2\x80\x99 account on relevant trade charges. Update waiver file if fees are waived.

\xc2\xb7 Handle queries on trade processing from Front Office.

\xc2\xb7 Ensure procedures and control measures are strictly adhered to.

\xc2\xb7 Reconciliation of daily documents received from LBS with their Control Checklist.

\xc2\xb7 Preparation of management report i.e. quarterly failed trade report.

\xc2\xb7 Participate in BCP documentation / drills and be updated on BCP drills/activation

\xc2\xb7 Sorting of mails.

Technical & Behavioral Competencies

\xc2\xb7 Essential knowledge and experience of Settlement and Swift processing

\xc2\xb7 Fluent in English (spoken and written).

\xc2\xb7 Excellent communication and interpersonal skills.

\xc2\xb7 Should possess strong fundamental and technical skills, awareness of operational risk.

\xc2\xb7 Excellent PC skills, especially in Excel.

\xc2\xb7 Able to work under pressure and exhibits strong problem solving skills.

\xc2\xb7 Understanding the importance of data integrity.

Specific Qualifications (if required)

\xc2\xb7 Minimum 2 years of relevant working experience

\xc2\xb7 Bachelor\xe2\x80\x99s level degree or professional qualification

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Client focused

Adaptability

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Ability to develop others & improve their skills

Analytical Ability

Ability to understand, explain and support change

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

BNP Paribas