Manager- Fund Admin (Ops SME)

March 14, 2024

Manager- Fund Admin (Ops SME)

ReferenceBNP024436

  • Standard / Permanent
  • IN-TN-Chennai
  • PROJECT & TRANSFORMATION MANAGEMENT
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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

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:

Manager- Fund Admin (Ops SME)

Date:

Department:

Transversal Change Management

Location:

Chennai

Business Line / Function:

Client Delivery

Reports to:

(Direct)

Head of Transversal Change Management

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

N/A

Directorship / Registration:

NA

Position Purpose

BNP Paribas ISPL is seeking a proactive and creative team player to work as a Manager of the team. The ideal candidate for this position will possess strong know how of the process and act as an effective back-up to his/her supervisor. The position will work closely with the Fund Accounting team to keep them motivated and devise continuous ways to improve the process.

Responsibilities

 

Direct Responsibilities

The Fund Accounting Team is a customer-focused team servicing Asset Owners and Asset Managers.

The teams are responsible for the generation of accurate client service including:

·            Unit Pricing for Life and Superannuation Clients

·            Fund Accounting

·            Month End Reporting

·            Periodic Taxable Income Calculations and BAS Returns

They have extensive interaction and dealings with various managers and teams within the Operations Division including, Custody Operations, Financial Reporting, Performance Reporting, offshore accounting teams, Client Service Managers and other internal BNP Paribas Securities Services teams namely the Risk Control & Finance function and Relationship Management

 

The Fund Accounting team is also required to assist in projects that affect Fund Accounting and/or require a level of fund accounting expertise.  In this particular case, BNP Paribas is required to support the transformational change.  The Fund Accounting team is required to provide subject matter expertise to this project.

 

SMEs play an important role in supporting the execution of this critical project as he/ she will represent the BAU Fund Admin team within the project. The SME will assist in analyzing the proposed project plan to ensure that the fund accounting and unit pricing impacts are well understood and assess the propriety of those impacts.  SMEs will also assess the impacts on the operation and, through interaction with the BAU Fund accounting team, lead the operational readiness effort.  As part of the operational readiness, the SMEs will:

·     With the BAU team, ensure that operational change items are properly identified

·     Assist in the development of a thorough Day 1 run sheet

·     Develop and write operating procedures

·     Assist in the development and delivery of a training plan and training material

·     Assist in the execution of the Day 1 run sheet

·     Subsequent to Day 1, provide support during the hyper-care period,

The SME will assist in the identification of the reconciliations and controls that need to be performed as part of the dress rehearsals and the actual migration.  All work must be of a standard consistent with BNP Paribas’s policies and expected accuracy and precision standards.  SMEs must have sound numeracy and analytical ability and must be capable and pro-active in problem solving and resolution.  SMEs gain satisfaction through completing quality work and finalizing tasks to required timelines.

 

Contributing Responsibilities

 

SMEs are responsible for the accurate and timely execution of unit pricing, month end report packs, taxable income calculation and BAS/ GST once reports have been verified as correct.

Their role also comprises substantial inter-departmental contact and as such they require excellent interpersonal ability as well as direct client contact to deal with queries and technical issues.  They have a service ethic and a quality focus applied in the way they operate and the work they produce.  As required, they investigate and assist with ad hoc queries.  They consider and meet operational risk and compliance requirements in their work preparation as well as maintain relevant compliance records. Importantly they are seen as a calm, collective, organized leader that can navigate through problems, issues and challenges when providing high quality client service in a fast-paced environment.

They contribute to building and sustaining client relationships by supporting the efforts of the Operation Managers, Client Service Managers and the broader team.  They are motivated to achieve individual and team goals and to growing their technical ability and knowledge.  They do this through participation in on-the-job training and education, remaining aware of policy and regulatory change.  They share their knowledge freely.  They also ensure their technical development is current through ongoing study or participation in industry groups.

Technical & Behavioral Competencies

Technical

·         8-10 years+ experience in the preparation of unit pricing for Superannuation / Life funds.

·         Technical accounting ability.  Knowledge of fund accounting, double entry accounting, unit pricing, reporting and Income Tax calculations and related operational risk and compliance requirements of the client service function. 

·         Systems experience: Hi-Portfolio, PControl unit pricing system and MS Word & Excel

·        
Behavioural

·         Accountability – Committed to achieving the organization’s objectives.  Demonstrates perseverance and is accountable for own actions. Works to network and assist our global accounting teams.

·         Attention to detail – Ensures accuracy and implements processes to ensure quality of output.  Ensures high personal standards in all areas of work

·         Client Focus – Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market. Manages client and Client Service Manager expectations

·         Commitment – Committed to our customers, shareholders and employees. Demonstrates enthusiasm towards the organization and motivation to add value and be part of the organization.

·         Change management – Displays flexibility to change and is open to new ideas.  Encourages others to be open to innovation.  Values feedback and gives people scope and confidence to generate ideas.

·         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.

·         Collaborative approach – Supports and shows respect for others.  Puts people first, and works effectively with individuals, teams and clients. Ability to interact and manage offshore operational and accounting teams.

·         Individual Leadership – Uses an appropriate interpersonal style to inspire and guide colleagues towards goal achievement.  Adjusts behaviour to accommodate tasks, situations and individuals.

·         People leadership – Creates and achieves the desired strategic direction of the organisation through influencing individual and group goals, processes and reward systems.  Role models the organizational values at all times.

·         Innovation – Proactively looks for opportunities for continuous improvement and thinks creatively

·         Responsiveness – Adapts when facing new or unforeseen situations.  Delivers on time the required service.

·         Risk awareness – Adheres to the organization’s processes and procedures.  Demonstrates a good understanding of compliance issues and implements work practices that minimize operational and reputational risk

·         Team Orientation – Works with the team and the broader organisation towards shared goals and treats all colleagues and clients as partners

·         Technical/professional knowledge – Demonstrates a satisfactory level of technical and professional skills/knowledge in job related areas.  Keeps abreast of current developments and trends in area of expertise.

Specific Qualifications (if required)

Accounting/Commerce

Minimum of 8-10 years of experience in Fund Accounting

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Ability to collaborate / Teamwork

Decision Making

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and adapt a process

Analytical Ability

Ability to inspire others & generate people’s commitment

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)

Specific Qualifications (if required)

Accounting/Commerce

Minimum of 8-10 years of experience in Fund Accounting

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Ability to collaborate / Teamwork

Decision Making

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and adapt a process

Analytical Ability

Ability to inspire others & generate people’s commitment

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 10 years

Other/Specific Qualifications (if required)

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