Job Description

About BNP Paribas Group:BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships\xe2\x80\x9d.About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.About Business line/Function :Wealth Management Operations in ISPL started in 2018, provide back office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security MasterfileJob Title:Associate - WM SCS Equity & MF SettlementsCorresponds to InputterDate:Jun 2020Department:Wealth Management Operations ISPLLocation:BNP Paribas India Solutions Private Limited (ISPL),MumbaiBusiness Line / Function:Wealth ManagementReports to:(Direct)Head of Bonds & Structured ProductsGrade:(if applicable)(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposeBond team\xe2\x80\x99s goal is to ensure booking of all Bonds & Structured trades by T+1 and ensure all cash and security breaks are timely reconciledObjective1. Direct contribution to BNPP operational permanent control framework2. Comply with regulatory requirements and internal guidelines3. Contribute to the reporting of all incidents according to the Incident Management System4. Contribute to the optimal quality customer service in securities processingMain Responsibilities1. Ensure timely processing of Bonds, Structured Notes, and exercise of Precious Metals Options.
2. Matching, sorting and verifying of trades confirmations against trader\xe2\x80\x99s daily blotters and trade inputs by RM/MA.
3. Ensure proper management approval is obtained for special waivers and update waiver file accordingly.
4. Liaise with brokers/dealers/Front Office and DPM in the event of non-receipt of confirmations/ trade discrepancies.
5. Monitor and ensure prompt follow-up of late / failed trades, update reasons in late deals / failed trade report, notify AD of failed trade,
and FO on SD+4 if it remains unresolved since SD.
6. Ensure accurate and timely update of trades in Olympic for both bank and client positions.
7. Monitoring and ensure prompt funding of nostro / custodian accounts and prompt payment of monthly custodian charges
8. Attending queries from Front Office, Advisory Desk, and counterparties.
9. Distribution of daily reports.
10. Ensure procedures and control measures are strictly adhered to.
11. Ensure spread charged should not exceed the monetary benefits stipulated in the \xe2\x80\x9cDisclosure of Sales Related Information\xe2\x80\x9d and
inconsistent charges to be followed up.
12. Ensure counterparties\' (ie. custodians and brokers) details eg. contact numbers, settlement and remittance details etc. are properly
updated and disseminated
13. Filing and arrange for warehousing of all settled trade documents.
14. Ensure procedures and control measures are strictly adhered to.
15. Follow-up and resolve nostro / securities reconciliation breaks and follow up on interest claims for failed trades.
16. Inform management of error trades and monitor receipt of incident report.
17. Perform and participate in UAT and ad hoc projects
18. Participate in BCP documentation / drills and be up-dated on BCP drills/activation.
19. Back up for Bonds Inputters.Technical & Behavioral Competencies\xc2\xb7 Essential knowledge and experience of Settlement and Swift processing\xc2\xb7 Fluent in English (spoken and written).\xc2\xb7 Excellent communication and interpersonal skills.\xc2\xb7 Should possess strong fundamental and technical skills, awareness of operational risk.\xc2\xb7 Excellent PC skills, especially in Excel.\xc2\xb7 Able to work under pressure and exhibits strong problem solving skills.\xc2\xb7 Understanding the importance of data integrity.Specific Qualifications (if required)\xc2\xb7 0 - 2 years of relevant working experience\xc2\xb7 Bachelor\xe2\x80\x99s level degree or professional qualificationSkills ReferentialBehavioural Skills: (Please select up to 4 skills)Ability to collaborate / TeamworkAttention to detail / rigorClient focusedAdaptabilityTransversal Skills: (Please select up to 5 skills)Ability to develop and adapt a processAbility to develop others & improve their skillsAnalytical AbilityAbility to understand, explain and support changeChoose an item.Education Level:Bachelor Degree or equivalentExperience Level0 - 2 yearsOther/Specific Qualifications (if required)QualificationsQualifications and Experience:0 - 2 years of relevant working experienceBachelor\xe2\x80\x99s level degree or professional qualificationEssential Technical Knowledge/Skills:Understand the principles and be familiar with Client Databases\xe2\x80\x99 .Essential knowledge and experience of Settlement and Swift processingFluent in English (spoken and written).Excellent communication and interpersonal skills.Should possess strong fundamental and technical skills, awareness of operational risk.Excellent PC skills, especially in Excel.Other Value-added Competencies:Team player, independent, positive attitude and attention to detailsUnderstanding the importance of data integrityClient-oriented and high adaptability to changing environmentAble to work under pressure and exhibits strong problem solving skillsDemonstrate strong analytical skills and able to generate simple statistics

BNP Paribas