Associate - Middle Office Operations (Trade Processing)

Job description

BNP Paribas Global Securities Operations – Job Description

Business Line : IFSO

Team : Trade Processing – SINGAPORE

Designation: Associate / associate leveL I

Company background

The bank for a changing world

With strong roots anchored in Europe's banking history dating back to 1848, BNP Paribas supports its clients and employees in today's changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world's largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.

A leading global custodian and securities services provider

BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.

Global Securities Operations

One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.

Job summary

Roles & Responsibilities

Trade Processing

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Working as a member of the Trade Processing team that includes trade capture, Matching & settlement of Securities, FX and Money market instruments.

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Process Global Security transactions on the Global trade processing platforms within given deadlines

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Interact with both internal and external stake holders to resolve trade confirmation and settlement queries

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Monitoring of transactions to confirm instructions from the client are processed in a timely and accurate manner thus ensuring timely settlement and accounting

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Ensure that all trades are matched within market/client deadlines

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Ensure client positions are correct and all transactions are processed

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Query resolution in accordance with time frames set out in Client SLA's

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Work with the Custodians and brokers for timely matching and settlement.

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Reporting of exceptions in line with internal control and external client requirements.

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Resolve failed trade queries proactively.

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Escalating exceptions and failed transaction to appropriate stake holders for early resolution.

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Ensure all errors/break down of procedure are documented as per BNP Paribas policy

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Extensive communication with Internal & External parties.

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Investigating and resolving custodian exceptions for all 3 product classes.

Knowledge and skills required

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Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills

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Good verbal and written communication.

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Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.

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

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

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To be based in Chennai and prepared to travel as required.

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Must be prepared to work in any shift supporting Asia/Americas/European business hours.

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Capacity to deal with high volumes of activity

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Prioritization and notion of risk

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Team Spirit – Should be a good team player

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Should handle pressurized situations

Job requirements

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Graduates / Post Graduates (B.Com/MBA)

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Candidates should be willing and flexible to work in any shifts