Senior Associate/Associate Level 1

June 18, 2024

Senior Associate/Associate Level 1

ReferenceCIB008458

  • Permanent
  • IN-Karnataka-Bengaluru
  • 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

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:

The COCE Trade Processing & Support Function at BNP Paribas facilitates Securities Services for Corporate and Institutional Clients. We provide Corporate Actions details, processing Client elections/instructions, Corporate Actions/ Income entitlements to a plethora of clients across the Americas, Asia Pacific and EMEA regions.

Job Title:

Senior Associate/Associate Level 1

Date:

2024

Department:

COCE Trade Processing & Support

Location:

Bengaluru

Business Line / Function:

COCE Trade Processing & Support

Reports to:

(Direct)

Lead

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

None

Directorship / Registration:

NA

Job Title:

Senior Associate/Associate Level 1

Date:

2024

Department:

COCE Trade Processing & Support

Location:

Bengaluru

Business Line / Function:

COCE Trade Processing & Support

Reports to:

(Direct)

Lead

Grade:

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

None

Directorship / Registration:

NA

Position Purpose

Primary responsibilities of the team includes:

Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems

Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.

Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.

Responsibilities

 

Direct Responsibilities

·         Scrubbing and set up of Corporate Actions in operating systems (e.g. Picasso)

·         Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)

·         Permanent follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. Calypso, Power, Picasso tools)

·         Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.

·         Ability to manage any Corporate Actions type on the overall scope of the team.

·         Provide a regular report to hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)

Contributing Responsibilities

·         By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk

·         Monitors and take appropriate actions in case of market risks (buy ins)

·         escalation process when operational risk is detected Contribute to the overall successful running of the settlement department:

·         By maintaining good working relationships with domestic 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.

Technical & Behavioral Competencies

·         Capacity to analyze, 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.

Other skills:

·         Multi-cultural

·         Analytical

·         Risk aware

·         Client oriented

·         Rigorous attention to detail

·         Result oriented

·         Good communication skills

·         Team spirit

·         Must be fluent in English

Specific Qualifications (if required)

NA

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Critical thinking

Ability to deliver / Results driven

Active listening

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and leverage networks

Analytical Ability

Ability to develop and adapt a process

Ability to manage a project

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications (if required)

NA

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