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 Businessline/Function :

Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists Control and Investigations, Settlement and Confirmations. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance. Instrument Referential belongs to CIB ITO GM Settlement & Accounting Instrument Referential organization and is in charge of Equities and Derivatives product creation and static/market Data monitoring.

Job Title:

Associate/Associate 1

Date:

March 2024

Department:

Global Market Operations

Location:

Bangalore

Business Line / Function:

Global Market Operations

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

Position Purpose

CSA is responsible for equity and option product invoice verification, soft dollar trade reconciliation, payment and distribution of statement to client. Our process includes CSA client rec and processing third party payment on behalf of clients.

Responsibilities

Direct Responsibilities
• Input and verification of invoice on the research commission portion instructed by vendor/client.
• Validate all the invoices received from service providers for research providers as per the SLA.
• Perform the soft dollar trades reconciliation on Monthly/Weekly/Daily basis and send the statement to client to maintain transparency.
• Onboarding client and vendor as per request.
• Vendor invoices processing and payment follow up.
• Resolving issues and liaising with Middle Office to match research balance with client.
• Fortnight reconciliation of RCCA accounts as per MIFID II guideline and process RPA payment accordingly.
• Third party Payment (MT103) of research credits to client or to vendors as per client instruction and invoice.
• Management of trade exceptions and perform variety of daily control functions.
• Ensure efficient management of client related service requests.
• Identify process weakness and work with technology and internal teams to implement solutions.
• Cooperate with team for any operational aspects which require further investigations or additional expertise.
• Perform User acceptance tests in case of changes or enhancements for tools used by the CSA Team.
• Mitigate the operational risk to improve Department efficiency.
• Ensure and control the correct activity during the day in order to guarantee the Department operational delivery.
• Daily Revenue and MTD PNL Report ﴾client’s balance﴿, monthly reporting to PAC.
• Preparing MIS for internal and external reporting, Reporting accounting and regulatory participation

Contributing Responsibilities
• Apply control and escalation procedures on breaks between different systems
• Respect any timeline and deadline cutoffs
• Facilitate the integration of new activities and migrations of IT systems
• Ensure the consistency of the reconciliation between all the sites
• Contribute to the improvement and completeness of daily and monthly checks
• Keep on documenting all procedures in place to stick market and process evolutions.
• Contribute in all control plan protocols according local operational risk policies.
• Contribute in precision and accuracy of activity metrics and escalate any relevant problems or success to management on a continuous basis.

Technical & Behavioral Competencies

Teamwork‐ Knows how to work in a team and/or across teams, regardless of the type of collaboration ﴾ face‐ to face in a group, remote, real‐ time, etc.﴿, acts bearing common interests and respect for fellow team members in mind.

Analytical Skills ‐ Identifies all aspects of a subject and examines them in a critical way to construct a broad point of view. Is driven by the desire to know more about things, people or events.

Organizational Skills‐ Sets priorities, plans actions and methodically monitors their progress by coordinating activities and resources in the best way possible.

Communication skills ‐ Expresses messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed.

Act with Integrity ‐ Acts ethically, in compliance with what is said and while respecting the company’s values and rules.

Building effective relationship ‐ Seeks and maintains contacts and good relations inside and/or outside the company,face‐ to‐ face and remotely, which can be useful both in the short and long term

Strong Preference to have Bachelor or Master Degree or Finance.

Strong Treasury (Rate / Bonds) & Equity derivatives products & operations process knowledge.

Strong Preference to have MS skills (VBA, Excel, and Access) would be a significant plus.

Specific Qualifications (if Required)

1-3 years working experience in relevant areas (Operations)

Bachelor or Master Degree on Banking & Finance / Economics

Knowledge in CSA, payments, reconciliation and Financial Products, Knowledge in Front to Back workflow and the product event management would be a significant plus.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Decision Making

Communication skills - oral & written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to anticipate business / strategic evolution

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if Required)

Primary Location

IN-KA-Bangalore

Job Type

Standard / Permanent

Job

OPERATION PROCESSING

Education Level

Bachelor Degree or equivalent (>= 3 years)

Experience Level

At least 1 year

Schedule

Full-time