Senior Associate EE Settlement

Job Description

About BNP Paribas Group:BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions. About Business line/Function :Global Markets Operations Corporate Actions, Incomes and Taxes Department is part of the transversal functions within ITO and is acting as a central interlocutor regarding Corporate Actions, both for Fixed Income and EQD Solutions.EQD is a dedicated Business Line for Equity Derivatives and Financing Solutions within BNP PARIBAS Group and a major player within CIB. Fixed Income is specialized in G10et Credit repo financing transactions on debts and bonds assets.Within Global Markets Operations pole, the Corporate Actions Department is specialized in the analysis and the management of the corporate events affecting listed assets (mainly securities products). It is in charge of the notification and the coordination for the EQD and Fixed Income industries of any impact of these events during the overall lifecycle. In this way, the Department is providing its services for any impacted trade involving Trading, Clients and/or Counterparties.Job Title:Senior AssociateDate:6 th May21Department:COCE Trade and Processing SupportLocation:Mumbai/Chennai Business Line / Function:Bond APACReports to:(Direct)Manager Grade: (if applicable)Senior Associate(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition Purpose1)Monitoring the daily incoming trades and assign/ensure these has been processed within the TAT time agreed with local back office.2)Check the Same day settlement issues and releasing of swifts. 3)Ensure that all confirmations and documentations is in place while trade settlement.4)Ensure daily activities are prioritized.5)Mails management as a checker and ensure the mail is responded by you or team or a interim response given with a commitment of target deadline.6)Handling Escalation.7)Critical breaks (stocks and Nostro) resolution.8)Quality and control in the management of breaks/discrepancies which includes problem solving skills, identify root cause of issue, updating each cases with accurate executive summary as per set procedure. Reactivity, Problem solving, identify root cause of issue, Updating each cases with accurate executive summary as per set procedure. 9)Effectively communicate with FO, BO, counterparties and onshore team. 10)Organize meetings with Backoffice to address complex issues and to reduce the outstanding trades within the defined targets. Additionally, take turns to drive team meeting.Write agenda and minutes for each meeting.ResponsibilitiesKey Responsibilities:Primary responsibilities of the team includes:Organized & good resistance to stress: This is a much faced paced dynamic environment with several tasks to be performed at once; therefore excellent time management, proper prioritization and good positive resistance to stress are compulsory.Attention to detail: Ability to notice any abnormal processes for instance when monitoring and reconciling the various market data.Innovation and initiatives (Think outside the box ): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach. Self discipline & autonomy: Have a constant delivery on time mindset, both on the daily production side and on the projects handled. Ability to work on its own with little supervision.Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environmentStrong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution.Skills and competencies:Organized & good resistance to stress: This is a much faced paced dynamic environment with several tasks to be performed at once; therefore excellent time management, proper prioritization and good positive resistance to stress are compulsory.Attention to detail: Ability to notice any abnormal processes for instance when monitoring and reconciling the various market data.Innovation and initiatives (Think outside the box ): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach. Self discipline & autonomy: Have a constant delivery on time mindset, both on the daily production side and on the projects handled. Ability to work on its own with little supervision.Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environmentStrong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution.Experience Required3-5 yearsSkills ReferentialBehavioural Skills: (Please select up to 4 skills) Attention to detail / rigorAbility to collaborate / TeamworkAdaptabilityCommunication skills - oral & writtenTransversal Skills:(Please select up to 5 skills)Ability to understand, explain and support changeAbility to develop and adapt a process Ability to develop and leverage networksAbility to set up relevant performance indicatorsAbility to inspire others & generate peoples commitmentEducation Level: Bachelor Degree or equivalentExperience Level : At least 3 years,

Keyskills :
retail bankingfixed income derivativesproblem solvinginsuranceroot causemisfixed incomeglobal deliverytime managementcorporate eventsdaily productionsalesback officequalitycustomer relationsbooking systems