Electronic Equity - Security settlements 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 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 Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO\xe2\x80\x99s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements. Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.

Job Title: Associate Level 1 Date: 2024 Department: Global Markets Operations \xe2\x80\x93 Securities settlements Location: Bengaluru Business Line / Function: Electronic equity \xe2\x80\x93 Security settlements Reports to: (Direct) NA Grade: (if applicable) NA (Functional) Number of Direct Reports: NA Directorship / Registration: NA

POSITION PURPOSE

Primary responsibilities of the team includes:

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  Settlement of Security transactions and associated products in a timely and cost effective manner
  Timely resolution of nostro and depot breaks
  Mitigation of operational and reputational risk by escalating in a timely and efficient manner
  Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades

Responsibilities Key Responsibilities:

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  Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
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    Ensuring all trades are instructed, matched & settled on a timely basis
    Monitoring of failing trades
    Reducing fails and/or potential fails by means of pairing off or partialing down deliveries
    Minimizing fails by means of partial deliveries where possible
    Pre-matching trades in a daily basis
    Cash Management related with funding trades

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  Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
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    By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
    By passing entries to the Calypso systems to clean up outstanding items on a timely basis
    By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
    By investigating and solving accounting breaks raised by Securities Control & Accounting teams
    Escalating items that represent operational risk to the direct Manager

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  Contribute to the minimisation of settlement costs & operational risk:
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    By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
    Monitors and take appropriate actions in case of market risks (buyins)
    By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
    By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
    If necessary, using the escalation process when operational risk is detected

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  Contribute to the overall successful running of the settlement department:
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    By maintaining close relationships with traders and sales and escalating problems to them promptly where required
    By maintaining good working relationships with domestic agents and custodians
    By communicating with, and assisting, other operational departments where needed
    Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.

Skills and competencies:

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  Ability to analyse, 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

Experience Required Minimum of 2 years experience Skills Referential Behavioural Skills: (Please select up to 4 skills) \xe2\x80\x93 Ability to deliver / Results driven Ability to collaborate / Teamwork Communication skills - oral & written Attention to detail / rigor Transversal Skills: (Please select up to 5 skills) Ability to understand, explain and support change Analytical Ability Ability to develop others & improve their skills Choose an item. Choose an item. Education Level: Bachelor Degree or equivalent Experience Level : At least 2 years Other/Specific Qualifications (if required)