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:
BNP Paribas acts as a custodian bank for their clients which is a specialized financial institution responsible for providing securities services. It provides post-trade services (Clearing & Settlement) and solutions for asset owners, asset managers and broker-dealers. BNP has physical possession of its clients' financial assets. These could include cash, stock certificates, bonds, and other financial instruments and are responsible for safeguarding these types of assets.
Job Description – Associate Level 1- Local Settlements
Job Title:
Associate Level 1
Date:
Department:
BSO
Location:
Chennai
Business Line / Function:
Local Settlements
Reports to:
(Direct)
Asst. Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
Position Purpose
We are seeking a reliable and detail-focused Officer to support day-to-day post-trade operations across APAC and EMEA markets. This role plays a critical part in ensuring accurate and timely trade settlements, with specific attention to pre-matching, exception handling, and reconciliation tasks. The role demands strong process execution, control adherence, and timely escalation of trade-related issues. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.
Key Responsibilities
Trade Processing & Pre-matching:
· Processing client instructions into settlement system without any error and processing to market terminal. (from trade capture to smooth settlement)
· Monitoring client execution and providing timely reporting to clients on status and short positions.
· Keeping clients posted on the latest status of their trades with BNP, ensure to provide real time update with MT548 (Swift Message) for any mismatch or discrepancy with the trades.
· Liaising with the counterparties for pre-matching over the phone/email to enhance smooth settlement.
· Liaising with various internal and external stakeholders for any static requirement/setup/account manager follow-ups to ensure the trade settlement has no impact.
· Monitoring client trades and market terminal close to respective market cut-off for any last-minute requirements or adjustment in transactions.
Risk Management:
· Margin call monitoring and processing/posting for shortages on same day.
· Prepare MT103/ MT202 payments related to margin posting and ensure SSIs are being validated with effective controls.
· Preparation of Journal posting for Fees/Maintenance with Settlement Bank/ Interest Charges.
Reconciliation Break & Resolution:
· Perform daily cash and securities reconciliations between internal ledgers and custodian/clearing house statements.
· Assist in break’s investigation and resolution by identifying booking errors, missing instructions, or funding gaps.
· Keep regular follow-ups on long pending breaks and provide periodic feedback. Escalate to management if it’s been pending for more than the given agreed period.
Fails Management:
· Investigate settlement failures caused by incorrect SSIs, short positions, or unconfirmed trades.
· Follow up with brokers, custodians, and internal stakeholders to ensure prompt fail resolution.
· Investigate fail trades and report to client with exact failing reason on daily basis.
Generic:
· Familiar with Swift Messages (MT54X, MT599)
· Knowledge on Depository/ Custody and stock market functions.
· Perform daily and monthly duties as required by the team for audit purposes.
· Ensure all the tasks are covered for the day and the same has been updated in daily checklist tool.
· Working knowledge in trade life cycle and end-to-end settlement process is added advantage.
Technical & Behavioral Competencies
· Demonstrate analytical and Problem-solving skills, Numerical Skills, basic knowledge in
MS Excel (macros and visual basic)
· Good interpersonal skills and the ability to multitask in a demanding and fast paced environment.
· Proven ability to manage time critical and deadline orientated workload.
Specific Qualifications (if required)
· Graduates / Postgraduates (Preferably Finance Background)
· Candidates should be willing and flexible to work in any shifts.
· Relevant work experience in the Trade settlements / Custody activity.
Skills Referential
Behavioral Skills:
Ability to collaborate / Teamwork
Communication skills - oral & written
Client focused
Creativity & Innovation / Problem solving
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Education Level:
Master Degree or equivalent
Experience Level
At least 2 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:
BNP Paribas acts as a custodian bank for their clients which is a specialized financial institution responsible for providing securities services. It provides post-trade services (Clearing & Settlement) and solutions for asset owners, asset managers and broker-dealers. BNP has physical possession of its clients' financial assets. These could include cash, stock certificates, bonds, and other financial instruments and are responsible for safeguarding these types of assets.
Job Description – Associate Level 1- Local Settlements
Job Title:
Associate Level 1
Date:
Department:
BSO
Location:
Chennai
Business Line / Function:
Local Settlements
Reports to:
(Direct)
Asst. Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
Position Purpose
We are seeking a reliable and detail-focused Officer to support day-to-day post-trade operations across APAC and EMEA markets. This role plays a critical part in ensuring accurate and timely trade settlements, with specific attention to pre-matching, exception handling, and reconciliation tasks. The role demands strong process execution, control adherence, and timely escalation of trade-related issues. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.
Key Responsibilities
Trade Processing & Pre-matching:
· Processing client instructions into settlement system without any error and processing to market terminal. (from trade capture to smooth settlement)
· Monitoring client execution and providing timely reporting to clients on status and short positions.
· Keeping clients posted on the latest status of their trades with BNP, ensure to provide real time update with MT548 (Swift Message) for any mismatch or discrepancy with the trades.
· Liaising with the counterparties for pre-matching over the phone/email to enhance smooth settlement.
· Liaising with various internal and external stakeholders for any static requirement/setup/account manager follow-ups to ensure the trade settlement has no impact.
· Monitoring client trades and market terminal close to respective market cut-off for any last-minute requirements or adjustment in transactions.
Risk Management:
· Margin call monitoring and processing/posting for shortages on same day.
· Prepare MT103/ MT202 payments related to margin posting and ensure SSIs are being validated with effective controls.
· Preparation of Journal posting for Fees/Maintenance with Settlement Bank/ Interest Charges.
Reconciliation Break & Resolution:
· Perform daily cash and securities reconciliations between internal ledgers and custodian/clearing house statements.
· Assist in break’s investigation and resolution by identifying booking errors, missing instructions, or funding gaps.
· Keep regular follow-ups on long pending breaks and provide periodic feedback. Escalate to management if it’s been pending for more than the given agreed period.
Fails Management:
· Investigate settlement failures caused by incorrect SSIs, short positions, or unconfirmed trades.
· Follow up with brokers, custodians, and internal stakeholders to ensure prompt fail resolution.
· Investigate fail trades and report to client with exact failing reason on daily basis.
Generic:
· Familiar with Swift Messages (MT54X, MT599)
· Knowledge on Depository/ Custody and stock market functions.
· Perform daily and monthly duties as required by the team for audit purposes.
· Ensure all the tasks are covered for the day and the same has been updated in daily checklist tool.
· Working knowledge in trade life cycle and end-to-end settlement process is added advantage.
Technical & Behavioral Competencies
· Demonstrate analytical and Problem-solving skills, Numerical Skills, basic knowledge in
MS Excel (macros and visual basic)
· Good interpersonal skills and the ability to multitask in a demanding and fast paced environment.
· Proven ability to manage time critical and deadline orientated workload.
Specific Qualifications (if required)
· Graduates / Postgraduates (Preferably Finance Background)
· Candidates should be willing and flexible to work in any shifts.
· Relevant work experience in the Trade settlements / Custody activity.
Skills Referential
Behavioral Skills:
Ability to collaborate / Teamwork
Communication skills - oral & written
Client focused
Creativity & Innovation / Problem solving
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Education Level:
Master Degree or equivalent
Experience Level
At least 2 years
Other/Specific Qualifications (if required)
💡 Quick Summary
Seeking a career-building opportunity? The Settlement Officer / Associate L1 - Local Settlements 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.
