Senior Associate

Year    Chennai, Tamil Nadu, India

Job Description

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SENIOR ASSOCIATE - FA (JOB NUMBER: FA 002368)






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 specialized 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


At 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.




Job Title:

SENIOR ASSOCIATE

Date:


Department:

FUND ACCOUTING \xe2\x80\x93 RECONCILIATIONS

Location:

CHENNAI/MUMBAI


Business Line / Function:

INVESTMENT AND FUND SERVICES OPERATIONS

Reports to: (Direct)

ASSISTANT MANAGER LEAD/MANAGER


Grade: (if applicable)

NA

(Functional)


Number of Direct Reports:

NA

Directorship / Registration:

NA


Position Purpose


This role is an SME position that requires compulsory formal education with excellent communication skills. In this position, a senior associate performs the role of a full time checker/reviewer also contributing towards processing of reconciliations. Role is to review thoroughly the reconciliations done between bank/out of bank assets Vs ledger accounts by the processor and check if the necessary back-up has been saved correctly for further assimilation to stakeholders. A senior associate will also contribute by bringing in the fresh ideas from previous work experience to the table in this fast changing environment.


Responsibilities



Direct Responsibilities

  • Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types.
  • Should be able to perform complex reconciliations independently.
  • Should be able to perform review function.
  • For review function, ensure all breaks are justified and commented correctly, all delays and errors are captured on the tracker. Also, ensure that the reconciliations are closed on reconciliation tool and sign-off is sent to the NAV teams.
  • To chase relevant parties for all long pending breaks on a periodic basis. Escalate to manager in case break not resolved despite constant chasers.

\xc2\xa7 Ensure reconciliations are completed for each NAV calculation.
\xc2\xa7 Completeness of reconciliations includes:
\xc2\xa7 Funds reconciled are delivered on time.
\xc2\xa7 Delay reasons are updated correctly.
\xc2\xa7 Processor and reviewer time updated on tracker.
\xc2\xa7 Sign-off sent to the NAV teams based on cut-off agreed.
\xc2\xa7 Archival of packs done on a daily basis for reconcilitions performed manually. (specific to derivatives reconciliations)
  • Ensure to adhere quality SLA of 99% & above while performing reconciliations.
  • Ensure to adhere timeliness SLA of 95% & above while performing reconciliations.
  • There should be no comebacks from NAV teams on the reconciliations performed by self and team.
  • There should be no incidents logged on reconciliations performed by self and team.
  • Be proactive in resolving queries and escalate immediately to the manager on any issues/queries/escalations.



Contributing Responsibilities

  • Be proactive in resolving queries of team members and escalate immediately to the supervisor on any issues/queries/escalations.
  • Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios.
  • Effectively monitor the respective group mail box and respond efficiently to the queries.
  • Co-ordinate audit and ORC requests and ensure that it is completed on time.
  • Provide AM / AM Leads timely feedback on staff performance by producing timeliness and errors details.
  • Provide necessary training (process + product related) to the team members.
  • Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves for self and the team.




Technical & Behavioral Competencies


\xc2\xa1 Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and advanced accounting skills . \xc2\xa1 Excellent verbal and written communication. \xc2\xa1 Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills. \xc2\xa1 Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines. \xc2\xa1 Proficient in Microsoft Office Applications. Strong MS Excel, MS Word, MS PowerPoint skills required. \xc2\xa1 Should be self-motivated and energetic. \xc2\xa1 Should be able to train staff. \xc2\xa1 Candidates should be willing and flexible to work in any shifts.


Specific Qualifications (if required)


\xc2\xa1 Graduate/Post Graduate (preferably in finance). \xc2\xa1 Candidates should have relevant Fund accounting reconciliations or NAV experience. \xc2\xa1 Working knowledge on Intellimatch tool an advantage (Specific for Paris/Spain recon process).



Skills Referential




Behavioural Skills:




Ability to share / pass on knowledge


Ability to collaborate / Teamwork


Communication skills - oral & written


Creativity & Innovation / Problem solving


Transversal Skills:




Ability to understand, explain and support change


Analytical Ability


Ability to develop and adapt a process




Ability to manage / facilitate a meeting, seminar, committee, training\xe2\x80\xa6


Choose an item.


Education Level:

Bachelor Degree or equivalent


Experience Level

At least 3 years


Other/Specific Qualifications (if required)



Should be flexible to travel for migration (within / outside India).








Education Level:

Bachelor Degree or equivalent


Experience Level

3 years



Primary Location

: IN-TN-Chennai

Job Type

: Standard / Permanent

Job

: OPERATION PROCESSING
Education Level: Bachelor Degree or equivalent (>= 3 years)
Experience Level: At least 3 years

Schedule

: Full-time

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Job Detail

  • Job Id
    JD3289741
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Chennai, Tamil Nadu, India
  • Education
    Not mentioned
  • Experience
    Year