Job Description

ASSOCIATE LEVEL I - LOCAL CUSTODY (JOB NUMBER: LOC000362)





Job Title:

Associate Level I

Date:


Department:

BSO

Location:

Chennai


Business Line / Function:

BSO/Global Custody Corporate Actions & Income

Reports to: (Direct)


Grade: (if applicable)

NA

(Functional)

Assistant Manager


Number of Direct Reports:

NA

Directorship / Registration:


Position Purpose


Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams\xe2\x80\x99 handles sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients.


Responsibilities


\xc2\xa1 Act as a reference point for the team members and train/guide them through the daily activities. \xc2\xa1 Allocate work, set priorities for the day and manage complex tasks in daily operations. \xc2\xa1 Perform \xe2\x80\x9cchecker\xe2\x80\x9d functions for all manual activities related to custody functions. \xc2\xa1 Responsible to deliver and meet KPI in accordance to the set standard. \xc2\xa1 Perform daily controls on team activity as per existing checklists to ensure priorities have been respected and tasks have been correctly performed. \xc2\xa1 Escalate to the Team Leader any incident or operational risk. \xc2\xa1 Act as a subject matter expert and assist staff\xe2\x80\x99s in clarifying their questions/doubts in the BAU. \xc2\xa1 Cross-checking information received with other data sources \xc2\xa1 Reverting to local sub-custodians to clarify/solve any open issue. \xc2\xa1 Analysing the corporate event in order to anticipate any reporting or processing issues. \xc2\xa1 Validation of financial information that was setup into the Custody system. \xc2\xa1 Collecting and relay any update related to the corporate event on an on-going basis with in the SLA. \xc2\xa1 Assist to resolve discrepancies in eligibility reconciliation. \xc2\xa1 Checking that all eligible positions have been instructed at response deadline (for voluntary events only) \xc2\xa1 Consolidating client instructions (for voluntary events only) \xc2\xa1 Advising local market by sending instructions of participation to sub-custodian (for voluntary events only) \xc2\xa1 Checking that instructions of participation have been duly acknowledged by sub-custodian. \xc2\xa1 Tracking of the payment date of the event in order to advise clients accordingly \xc2\xa1 Processing payment of the event on client\xe2\x80\x99s account upon recovery of cash and/or securities from the local sub-custodian \xc2\xa1 Processing foreign exchange orders according to client\xe2\x80\x99s set up. \xc2\xa1 Validation of manual adjustments related to cash or securities in order to finalize the recovery process. \xc2\xa1 Justifying any cash or securities breaks to Control Teams. \xc2\xa1 Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members. \xc2\xa1 Consistently evaluate and update documented procedures to ensure they are complete, accurate and current. \xc2\xa1 To be based in Chennai and prepared to travel as required. \xc2\xa1 Must be prepared to work in any shift supporting Asia/Americas/European business hours. \xc2\xa1 Must act according to protocols defined for Business contingencies (BCP).


Technical & Behavioral Competencies



\xc2\xa7 Good knowledge in handling corporate actions and income related events for various instrument types
\xc2\xa7 Expertise in Using Banking Software\xe2\x80\x99s & overall awareness of using MS Word, Excel, PowerPoint etc.
\xc2\xa7 Able to clearly understand and envisage the SWIFT messages (MT564, MT565, MT567, MT568, MT599 etc). The Associate should read through the SWIFT message very comfortably and act on the amendments in the message ( Field - 23C: NEWM / REPL / CANC/ REVR etc)
\xc2\xa7 Able to setup/validate CA events for the respective teams by analyzing and understanding the SWIFT messages without any error and high standards.
\xc2\xa7 Fair understanding of the usage and implications of the Applications like NCS, Reflections, Intellimatch, MIDAS, and ISISET and apply it in daily BAU when required.
\xc2\xa7 Should be well versed in corporate actions eligibility rules and analyze whether the particular client / trade is eligible for the CA.
\xc2\xa7 Should be able to perform the Entitlement and Eligibility reconciliation to forecast the entitlements.
\xc2\xa7 Should be well versed with the Reflections especially with the functions like CMP, CCV,CCA,CTAK, CVVC etc
\xc2\xa7 Should be able to research and analyze the Nostri and Pivot breaks, then acting upon in resolving the breaks.
\xc2\xa7 Should be able to comfortably process/validater the payments (Security & Cash) from MT 566 messages received without error and within specified time bound.
\xc2\xa7 Should be able to create/validate client instructions and deposit the message with due -diligence and accuracy.
\xc2\xa7 Should have worked in operational setup with deadline bound tasks.
\xc2\xa7 Highly motivated and self-driven to meet the management objectives.


Specific Qualifications (if required)





Skills Referential



Behavioural Skills: (Please select up to 4 skills)


Communication skills - oral & written


Ability to collaborate / Teamwork


Attention to detail / rigor


Ability to deliver / Results driven


Transversal Skills: (Please select up to 5 skills)


Ability to understand, explain and support change


Analytical Ability


Ability to develop and adapt a process



Choose an item.


Choose an item.


Education Level:

Bachelor Degree or equivalent


Experience Level

At least 1 years


Other/Specific Qualifications (if required)

Primary Location

: IN-TN-Chennai

Job Type

: Standard / Permanent

Job

: OPERATION PROCESSING
Education Level : Master Degree or equivalent (> 4 years)
Experience Level : Beginner

Schedule

: Full-time