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's 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's 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's 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


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.


About Business line/Function:


Global Markets Operations Corporate Actions, Incomes and Taxes Department is part of the transversal functions within ITO and is acting as a central interlocutor regarding Corporate Actions, both for Fixed Income and EQD Solutions.


EQD is a dedicated Business Line for Equity Derivatives and Financing Solutions within BNP PARIBAS Group and a major player within CIB.


Fixed Income is specialized in G10et Credit repo financing transactions on debts and bonds assets.


Within Global Markets Operations pole, the Corporate Actions Department is specialized in the analysis and the management of the corporate events affecting listed assets (mainly securities products).


It is in charge of the notification and the coordination for the EQD and Fixed Income industries of any impact of these events during the overall lifecycle. In this way, the Department is providing its services for any impacted trade involving Trading, Clients and/or Counterparties.


Job Title:


Assistant Manager


Date:


Department:


Global Markets Operations - Corporate Actions


Location:


Mumbai


Business Line / Function:


Corporate Actions


Reports to:


(Direct)


Grade:


(if applicable)


(Functional)


Number of Direct Reports:


NA


Directorship / Registration:


NA

POSITION PURPOSE
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Primary responsibilities of the team includes:


Monitoring Corporate Actions in all reliefs and identification of eligible global positions
Follow-up of events' announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems
Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Acting as a central point of contact for Corporate actions operations subject matters within BNP Paribas (across all functions) and outside (Custodians, Counterparties)
Responsibilities

Key Responsibilities:


Scrubbing and set up of Corporate Actions in operating systems (e.g. Picasso)
Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
Permanent follow-up of events' announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. Calypso, Power, Picasso tools)
Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Acting as a central point of contact for Corporate actions operations subject matters within BNP (across all functions) and outside (Custodian, Counterparties) and as an expert on Corporate Actions for client and business services.
Ability to manage any Corporate Actions type on the overall scope of the team and to become expert on specific market rules
Provide a regular report to hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
Participate actively to the continuous improvement of our process and systems (macros, UAT/tests, update of procedures, etc.)
DIRECT RESPONSIBILITIES
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Same as Key Responsibilities

CONTRIBUTING RESPONSIBILITIES
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Same as Key Responsibilities

TECHNICAL & BEHAVIORAL COMPETENCIES
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Capacity to analyze, organize and report efficiently.
Flexibility on working methods and changing international environment.
Rigorous and reactive in order to face pressure and reach excellence anytime
Diligently follow the set procedures and Compliance policies
Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
English speaker
SPECIFIC QUALIFICATIONS (IF REQUIRED)
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Skills Referential


Behavioural Skills: (Please select up to 4 skills)


Ability to deliver / Results driven


Ability to collaborate / Teamwork


Attention to detail / rigor


Choose an item.


Transversal Skills: (Please select up to 5 skills)


Ability to understand, explain and support change


Analytical Ability


Ability to develop others & improve their skills


Ability to manage a project


Ability to develop and adapt a process


Education Level:


Choose an item.


Experience Level


Choose an item.

Other/Specific Qualifications (if required)