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:


Associate Level 1 / Senior Associate


Date:


2024


Department:


COCE Product Control


Location:


Bengaluru


Business Line / Function:


COCE Product Control - Global Markets Operations - Corporate Actions


Reports to:


(Direct)


Manager


Grade:


(if applicable)


NA


(Functional)


NA


Number of Direct Reports:


NA


Directorship / Registration:


NA


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


Follow up the CA, dividends and manages their instructions & settlements processes to ensure a smooth operation.


CA & Dividend related Instructions


• Manage instruction and settlement process for corporate events and dividends.
• Perform dividends or corporate action related reconciliations between systems.
• SLAB CA & Dividend Management
• Manage corporate actions and dividends processes for the Lending and Borrowing activity
• Projects and Process & control efficiency


Responsibilities


Direct Responsibilities


Perform settlement for listed Derivatives both Financial and Commodity derivatives and handle funding for the Clearer accounts
Perform trade / position reconciliation duties among different front and back office systems
Perform immediate investigation on irregular items such as position breaks / cash breaks or system problems
Escalate to managers of any control incident that may cost a loss to the bank
Ensure compliance with internal control procedures and policies under the supervision of immediate supervisor
Conduct system enhancement testing or involve in new system implementation project if required
Streamline the operational procedures, enhance work efficiency and minimize operational risk
Provide support to other team members if required
Contributing Responsibilities


Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.
Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manag) as this is a constant changing environment
Conducting Team Meeting & Bi-Monthly 1 on 1 with team members
Ensuring EOD control are thoroughly performed & queues are clear with no outstanding
Providing EOD update to management on all the activities within process.
TECHNICAL & BEHAVIORAL COMPETENCIES
---------------------------------------


Relevant product knowledge
Microsoft skills (Macro, Excel, Powerpoint & Word ) would be a major plus
SPECIFIC QUALIFICATIONS (IF REQUIRED)
-----------------------------------------


Preferred a Bachelor on accounting, Mathematics or Finance.

Skills Referential


Behavioural Skills:


Ability to collaborate / Teamwork


Attention to detail / rigor


Critical thinking


Resilience


Transversal Skills:


Ability to understand, explain and support change


Ability to anticipate business / strategic evolution


Analytical Ability


Education Level:


Bachelor Degree or equivalent


Experience Level


At least 2 years


Other/Specific Qualifications (if required)


NA