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:


Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.


Job Title:


Senior Associate


Date:


Department:


IFSO


Location:


Mumbai


Business Line / Function:


HFS


Reports to:


(Direct)


Grade:


(if applicable)


(Functional)


Manager


Number of Direct Reports:


NIL


Directorship / Registration:

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


The individual would be an SME responsible for delivery and review of accurate and timely NAVs for hedge funds, Fund of Funds and Feeder funds and middle office operations - with extremely high volume or / and very high complexity and providing regular feedbacks to towards enhancing the process.

Responsibilities

DIRECT RESPONSIBILITIES
---------------------------


Playing the lead role towards Managing delivery of accurate and timely NAVs for hedge funds,Fund of Funds and Feeder funds - with extremely high volume or / and very high complexity (having equities, bonds, future, options, CDS, EQS, etc. as holdings) by completing all of the following processes:

• Cash and position reconciliation (Investment Manager accounting vs PB); with resolution of breaks
• Pricing Variance analysis
• Corporate Action - Upcoming Events
• Non trade bookings
• Capital activity processing
• P&L Reconciliation and NAV Reconciliation
• Liaising with Brokers to get the Trade confirmations on time
• Trade Matching & Settlements

CONTRIBUTING RESPONSIBILITIES
---------------------------------

• Ensure the Trade settlements are handled with high attention.
• Delivery on audit requests and resolution of all queries on a timely basis
• Ensure appropriate checks and procedures are followed to maintain high quality deliverables and to avoid internal audit and ISAE findings
• Compliance with all internal organizational and business policies

TECHNICAL & BEHAVIORAL COMPETENCIES
---------------------------------------

• Experience in Hedge funds NAV valuations up to shareholders series allocation would be an added advantage
• Experience on Trade Order Management or Middle Office application is preferred.
• Strong Knowledge about Life Cycle of Trades and Settlements
• Good Excel and MS office skills
• Good communication skills
• Participation in system development projects, process change projects, etc.
• Troubleshoot issues of junior members and mentor / coach / buddy them
• Alignment of day to day activities accordingly to the Business requirements.
• Experience and Participation in automation and efficiency drives would be an added advantage
• Ensure timely completion of trainings (Internal and External) as per deadlines for self and juniors

SPECIFIC QUALIFICATIONS (IF REQUIRED)
-----------------------------------------


The candidate should have a minimum qualification in Bcom , M.Com/MBA Finance or equivalent and minimum 3 years of experience in the financial services/capital markets.

Skills Referential


Behavioural Skills: (Please select up to 4 skills)


Ability to synthetize / simplify


Ability to deliver / Results driven


Creativity & Innovation / Problem solving


Ability to share / pass on knowledge


Transversal Skills: (Please select up to 5 skills)


Ability to develop and adapt a process


Ability to understand, explain and support change


Ability to inspire others & generate people's commitment


Ability to develop others & improve their skills


Analytical Ability


Education Level:


Master Degree or equivalent


Experience Level


At least 3 years

Other/Specific Qualifications (if required)


Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.


He must support change for any business requirements.