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Company Name : BNP Paribas
Location : Chennai, Tamil Nadu
Position : Associate
Job Description : Job Description – APAC
Job Title:
Associate / Associate Level 1
Date:
Department:
IFSO
Location:
Chennai/Mumbai
Business Line / Function:
Middle Office – Corporate Actions
Reports to:
(Direct)
Team Leader /Assistant Manager / Deputy Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
Position Purpose
Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event.
Responsibilities
Direct Responsibilities
Cross-checking information received with other data sources
Reverting to local sub-custodians to clarify/solve any open issue.
Analyzing the corporate event in order to anticipate any reporting or processing issues.
Setting-up of financial information into the Custody system
Collecting and relay any update related to the corporate event on an on-going basis.
Processing the securities reconciliation with sub-custodians client positions at the different steps of the event.
Checking eligible positions of accounts within the local sub-custodian
Checking that all eligible positions have been instructed at response deadline (for voluntary events only)
Consolidating client instructions (for voluntary events only)
Advising local market by sending instructions of participation to sub-custodian ((for voluntary events only)
Checking that instructions of participation have been duly acknowledged by sub-custodian.
Tracking of the payment date of the event in order to advise clients accordingly
Processing payment of the event on client’s account upon recovery of cash and/or securities from the local sub-custodian
Processing foreign exchange orders according to client’s set up.
Processing any manual adjustment related to cash or securities in order to finalize the recovery process
Justifying any cash or securities breaks to Control Teams
is happening on periodic basis.
Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
Technical & Behavioral Competencies
Accounting knowledge and knowledge on Swift messages is an added advantage
Zeal to learn new thing
Working knowledge of MS Word, Excel will be useful
Must be prepared to work in flexible timings
Good communication skills
Specific Qualifications (if required)
Client Focus
Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.
Communication
Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.
Team Work
Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Client focused
Adaptability
Ability to collaborate / Teamwork
Communication skills – oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to understand, explain and support change
Choose an item.
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Education Level:
Bachelor Degree or equivalent
Experience Level
Beginner
Other/Specific Qualifications (if required)
Job title: Senior Associate / Associate Level 1
Department: Asset & Fund Services Department
Sub-department: Client Implementation
Reports to: Team Leader / Assistant Manager
Based at: Chennai
Company background
The bank
With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.
BNP Paribas Securities Services
A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (Securities Services) has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.
Securities Services Chennai Hub
One of the three international operations centres, BNP Paribas Sundaram Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Our services include custody operations, fund accounting, middle office operations, static data management, IRP and other transversal services. GSO currently employs about 1500 staff with this number set to rise to about 2000 by end of 2017.
Job summary
Key responsibilities and accountabilities:-
Acquire complete understanding on projects like Client take on, Portfolio Restructures, Closures, Client Exits and Reconciliation.
Acquire complete understanding of Fund Services, Custody & its related functions with various parties involved. For example: Pricing, Corporate Actions, Coupons and Registry, etc.
Should closely work with project managers and ensure timely completion of the respective transition projects.
Should participate in all the stakeholders meeting and ensure complete understanding of the project as per the client requirement.
Should ensure all the cash / stock movement are completed within the stipulated cut offs to ensure the unit pricing of the fund are not affected.
Should ensure Preliminary Analysis is performed for the projects and highlight any issues to the project managers
Analyst should ensure that all the activities as per the checklist are completed and documented for audit requirement.
Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.
Participate in preparation of Key/Standard Operating Procedures for each process migrated to Chennai.
Consistently evaluate the documented procedures to ensure they are complete, accurate and up to date.
Carry out other ad-hoc duties which may arise from time to time as per the client requirements.
Number of staff supervised:
Educational qualifications
Graduation/Post Graduation with specialization in Finance
Total years of experience
2 – 4 years
Relevant years of experience:
1 – 2 years
Knowledge and skills required
Preferred candidate should have hands on experience handling projects like Client Take on, Portfolio Restructures, Closures, Client Exits and Reconciliation.
Preferred candidate should have good understanding of Fixed Income, Equity Trade Settlements and Middle office operations.
Preferred candidate should have fair knowledge on Fund accounting activities, Registry services, Cash Operations and Unit pricing.
Preferred candidate should have good understanding of Static/Reference data management
Good knowledge in Excel and MS Office, Good communication skill (Mandatory – Should be very proficient in Excel)
Adhere to Quality SLA of 98% & above and ensure there is no financial impact/loss to the organization.
Job specific competencies
Client Focus
Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.
Communication
Preferred candidate should have good written and oral communication skills
Team Work
Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always look for ways to improve services and processes.
This post is listed Under Chennai jobs
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