Job Description

Controls and Investigation - BGLR EMEA


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 Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO's 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. The Securities Controls & Investigations - Equities team is in charge of ensuring adequate Control & investigation of cash and securities breaks.


Job Title:


Associate Level 1


Date:


Department:


GMOps - P&S - Controls & Investigation - BGLR EMEA


Location:


Bengaluru


Business Line / Function:


Controls and Investigations


Reports to:



(Direct)


NA


Grade:


(if applicable)


Associate


(Functional)


Number of Direct Reports:


NA


Directorship / Registration:


NA


POSITION PURPOSE
--------------------


Primary responsibilities of the team includes:


• Responsible for ensuring the accurate and timely reconciliation of the financial transactions.


• Role requires strong analytical skills, attention to details, and a deep understanding of the financial processes.


• Perform Daily reconciliation for the Equities trades.


• Investigate ad resolve discrepancies in reconciliation promptly.


•

Responsibilities


Key Responsibilities:


Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
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
Perform Daily reconciliation for the Equities trades.
Investigate ad resolve discrepancies in reconciliation promptly.
Ensure all reconciliations are completed in accordance with company policies and industry standards.
Manage the settlement of transactions across various markets
Prepare regular reports on reconciliation and settlement activites.Contribute to the overall successful running of the settlement department:
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:


• Ability 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


Experience Required


Minimum of 1 year experience



Skills Referential



Behavioural Skills: (Please select up to 4 skills) -



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



Ability to manage a project



Choose an item.



Education Level:


Bachelor Degree or equivalent



Experience Level :


At least 1 year



Other/Specific Qualifications (if required)