Senior Associate

April 23, 2024

Senior Associate

ReferenceMFS000616

  • Standard / Permanent
  • IN-TN-Chennai
  • OPERATION PROCESSING
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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 24×7 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

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:

MFS department is comprised of Agency lending, Principal Lending and Triparty collateral management teams and Regulatory reporting:

  • Agency lending- As agent ,we lend clients assets both equity and fixed income on their behalf, to pre-approved borrowers.
  • Operational process managed are settlements of Loan and returns, Mark to Mark valuation and collateral management.

Job Title:

Senior Associate

Date:

17 April 2024

Department:

Principal Lending

Location:

GSO, Chennai

Business Line / Function:

Market and Financing Services

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.

Senior Associate will be responsible for performing daily tasks related to Collateral / Billing / Settlements function carried out in the Principal lending department. He/ She will work on the daily tasks, monitor the settlement / agreeing collateral or monthly billing and will report directly to the Assistant manager of the function. The staff will be working closely with Paris management, Relationship management, Front office and external Brokers as part of their daily BAU.

Responsibilities

Direct Responsibilities

·         Get trained in respective function and tasks of the Principal Lending.

·         Liaising closely and provide an exceptional level of service to the Front Office.

·         Keep up and manage every operational aspects linked to the activity of Principal Lending and maintain quality relationship with respective custodians, external stakeholders like counterparties and also with our traders.

·         Check the exposures on client funds during the day and manage daily call margins with brokers and with triparty agents

·         Monitor all the loans booked by Front Desk & collateral trades are settled in time in adherence to the settlement cycle.

·         Sending the billing invoices, perform recon in case of differences to close billing within the SLA of the function.

·         Resolve breaks in the reconciliation in collaboration with reconciliation team.

·         Must be able to see tasks through to completion with a sense of accountability.

·         Ensure Client & management reporting is made within deadline and without any errors or delay.

·         Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.

Technical & Behavioral Competencies

·   Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

·   Ability to work in a team environment in coordination with the colleagues and the mangers.

·   Proficient in Microsoft Office Applications and strong MS Excel skills required.

Specific Qualifications (if required)

Looking for candidate who is flexible to join irrespective of shift preference. On the joining date, process and shift would be confirmed. 

                                            

Skills Referential                                                            

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Communication skills – oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to develop and adapt a process

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Indifferent

Other/Specific Qualifications (if required)

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