Job Description
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 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 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, ****** 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:
Middle Office Services acts as an agent on behalf of the client and cover all assets classes traded by them. From trade initiation to post execution, we support the entire value chain for the client across regions (APAC, Europe & Americas).
Job Title:
Senior Associate
Date:
Department:
Middle Office
Location:
Business Line / Function:
Global Middle Office – Corporate Action and Income
Reports to:
(Direct)
AM / Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
POSITION PURPOSE
Senior Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also, we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event.
Responsibilities
DIRECT RESPONSIBILITIES
Ø Analyzing the Corporate Action events to anticipate any reporting or processing issues.
Ø Collecting and relay any update related to the corporate event on an on-going basis.
Ø Cross-checking information received with other data sources.
Ø Reverting to relevant internal / external custodians to clarify/solve any open issue.
Ø Checking that all eligible positions have been instructed at response deadline.
Ø Accepting instructions with all necessary requirements and transmitting the same to custodian.
Ø Understanding and adhering to respective cutoff times within various applications and activities within the team
Ø Investigate and clear Reconciliation breaks daily and escalate breaks to immediate supervisors wherever necessary.
Ø Should perform EOD / BOD activities.
Ø Should work towards achieving the agreed KPI for the team.
Ø Answering queries via email, Telephone, query management application.
Ø Should ensure no emails, instructions are left pending without action.
Ø Ensure completion of relevant checklist to ensure all the task are effectively performed.
Ø Prioritization of various instructions received to meet the cutoff.
Ø Participate in Brainstorming Sessions and share the best practices and ideas with the peer groups and team members.
Ø Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
Ø Perform daily controls on team activity as per existing check lists to ensure priorities have been respected and tasks have been correctly performed.
Ø Escalate to the immediate supervisor in any incident or operational risk.
Ø Manage risk and priorities applying the existing procedures.
Ø To assist in providing the figures for the monthly KPI
TECHNICAL & BEHAVIORAL COMPETENCIES
Ø Strong knowledge in handling corporate actions and income related events for various instrument types
Ø Accounting knowledge and knowledge on Swift messages, NAV is an added advantage.
Ø Zeal to learn new things.
Ø Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
Ø Working knowledge of MS Word, Excel will be useful.
Ø Must be prepared to work in flexible timings.
Ø Good communication skills
SPECIFIC QUALIFICATIONS (IF REQUIRED)
Client Focus
Complete commitment to provide professional, intelligent, and timely responses to our clients’ needs and to changes in the market.
Communication
Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language always, and adhering to the use of the BNPP Email Protocols.
Teamwork
Work effectively with team members to accomplish goals, Respect the needs of others, and displays integrity in dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Client focused
Adaptability
Ability to collaborate / Teamwork
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 others & improve their skills
Ability to set up relevant performance indicators
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
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 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 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, ****** 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:
Middle Office Services acts as an agent on behalf of the client and cover all assets classes traded by them. From trade initiation to post execution, we support the entire value chain for the client across regions (APAC, Europe & Americas).
Job Title:
Senior Associate
Date:
Department:
Middle Office
Location:
Business Line / Function:
Global Middle Office – Corporate Action and Income
Reports to:
(Direct)
AM / Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
POSITION PURPOSE
Senior Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also, we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event.
Responsibilities
DIRECT RESPONSIBILITIES
Ø Analyzing the Corporate Action events to anticipate any reporting or processing issues.
Ø Collecting and relay any update related to the corporate event on an on-going basis.
Ø Cross-checking information received with other data sources.
Ø Reverting to relevant internal / external custodians to clarify/solve any open issue.
Ø Checking that all eligible positions have been instructed at response deadline.
Ø Accepting instructions with all necessary requirements and transmitting the same to custodian.
Ø Understanding and adhering to respective cutoff times within various applications and activities within the team
Ø Investigate and clear Reconciliation breaks daily and escalate breaks to immediate supervisors wherever necessary.
Ø Should perform EOD / BOD activities.
Ø Should work towards achieving the agreed KPI for the team.
Ø Answering queries via email, Telephone, query management application.
Ø Should ensure no emails, instructions are left pending without action.
Ø Ensure completion of relevant checklist to ensure all the task are effectively performed.
Ø Prioritization of various instructions received to meet the cutoff.
Ø Participate in Brainstorming Sessions and share the best practices and ideas with the peer groups and team members.
Ø Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
Ø Perform daily controls on team activity as per existing check lists to ensure priorities have been respected and tasks have been correctly performed.
Ø Escalate to the immediate supervisor in any incident or operational risk.
Ø Manage risk and priorities applying the existing procedures.
Ø To assist in providing the figures for the monthly KPI
TECHNICAL & BEHAVIORAL COMPETENCIES
Ø Strong knowledge in handling corporate actions and income related events for various instrument types
Ø Accounting knowledge and knowledge on Swift messages, NAV is an added advantage.
Ø Zeal to learn new things.
Ø Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
Ø Working knowledge of MS Word, Excel will be useful.
Ø Must be prepared to work in flexible timings.
Ø Good communication skills
SPECIFIC QUALIFICATIONS (IF REQUIRED)
Client Focus
Complete commitment to provide professional, intelligent, and timely responses to our clients’ needs and to changes in the market.
Communication
Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.
Written: Expressing ideas clearly in all written documents. Using professional, appropriate language always, and adhering to the use of the BNPP Email Protocols.
Teamwork
Work effectively with team members to accomplish goals, Respect the needs of others, and displays integrity in dealing with team members.
Continuous Improvement and adaptation
Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Client focused
Adaptability
Ability to collaborate / Teamwork
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 others & improve their skills
Ability to set up relevant performance indicators
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
💡 Quick Summary
Seeking a career-building opportunity? The Senior Associate - MO - Corporate Actions position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
