Job Description

SLAB - Billing

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.

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, Chennai and Bangalore, 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 :

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:

Senior Associate

Date:

Department:

Global Markets Operations \xe2\x80\x93 SLAB Securities Billing

Location:

Bangalore

Business Line / Function:

SLAB Billing

Reports to:

(Direct)

NA

Grade:

(if applicable)

Associate Level 1

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Qualifications

Position Purpose

Position Purpose

Primary responsibilities of the team includes:

Timely resolution of nostro 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 bills

Responsibilities

Key Responsibilities:

• Responsible for the settlement of Security transactions & associated products booked in Back Office system, on a timely and cost effective basis by:

• Ensuring all bills are reconciled, breaks are addressed to desk & bills are settled on a timely basis
• Ensure to clear monthly, quarterly, annual and on return bills on time.
• Contribute towards client services and client satisfaction
• Process agreed payments in a daily basis on time by ensuring \xe2\x80\x98no payment errors\xe2\x80\x99
• Investigate Nostro breaks and take all appropriated actions and warnings to solve the breaks.
• Identification and follow-up of operational and IT issues related to the activity
• Ensure daily controls are performed without fail
• Alerts and escalations to the management
• Contribute to the minimisation of settlement costs & operational risk:

• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• If necessary, using the escalation process when operational risk is detected

• 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 external/internal clients, 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.

• Process improvements and IT enhancements

• Contribution to projects related to the efficiency of the processes and systems
• Proposing new developments or improvements in the existing chain in order to secure the processes and reduce the operational risk
• Contribution to the team development:

• Formalization of team procedures and operating guides
• Participation of training and coaching for new joiners

Skills and competencies:

• 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 year\xe2\x80\x99s 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)

BNP Paribas