Sr. Associate - Corporate action APAC Cash PB

Job Description

*About BNP Paribas Group: BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.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:Department:Global Markets Operations - Corporate ActionsLocation:MumbaiBusiness Line / Function:Corporate ActionsReports to:(Direct)NAGrade: (if applicable)(Functional)Number of Direct Reports:NADirectorship / Registration:NAPosition PurposePrimary 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.
• Acting as a central point of contact for Corporate actions operations subject matters within BNP Paribas (across all functions) and outside (Custodians, Counterparties)

ResponsibilitiesKey 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.
• 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.
• Acting as a central point of contact for Corporate actions operations subject matters within BNP (across all functions) and outside (Custodian, Counterparties) and as an expert on Corporate Actions for client and business services.
• Ability to manage any Corporate Actions type on the overall scope of the team and to become expert on specific market rules
• Provide a regular report to his/her hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
• Participate actively to the continuous improvement of our process and systems (macros, UAT/tests, update of procedures, etc.)

Skills and 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.
• English speaker

Experience RequiredSkills ReferentialBehavioural Skills: (Please select up to 4 skills) Ability to deliver / Results driven Ability to collaborate / TeamworkCommunication skills - oral & writtenAttention to detail / rigorTransversal Skills:(Please select up to 5 skills)Ability to understand, explain and support change Analytical Ability Ability to develop others & improve their skills Choose an item.Choose an item.Education Level: Bachelor Degree or equivalent Experience Level : At least 5 years Other/Specific Qualifications (if required),

Keyskills :
equity derivativesfixed incomefinancial servicesfinancial marketswealth managementglobal deliverycorporate actionsretail bankingasset managementfixed income derivativescorporate eventsoperating systems