Job Description – APAC
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 24×7 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 Markets is BNP Paribas’ capital markets business within the Corporate & Institutional Bank (CIB), delivering solutions across asset classes, and industry-leading services for clients including Institutional, corporates, private banks and retail distribution networks.
Global Markets encompasses three global business lines: Macro, Global Equities and Global Credit. Prime Services, as part of the Global Equities business line primarily focuses on facilitating effective ways to raise and invest capital as well as manage their exposure to risk for their clients.
Prime Services combines the historical strength in traditional Prime Brokerage services providing the following business offering (Financing, Prime Brokerage Services, Risk Management and Execution) – top rated in Securities Lending, Client Service, Capital Introduction and more – with the innovative DNA of the Equity Derivative franchise. This combination allows us to anticipate client needs and develop solutions to the problems they face.
Job Title:
Transition Manager
Date:
30/08/2024
Department:
Global Market Equity / Prime Finance
Location:
Mumbai
Business Line / Function:
Prime Finance / Client Onboarding
Reports to:
(Direct)
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team’s goal.
The main objective and goal of the Transition Manager is to ensure a smooth and efficient onboarding process for new clients, and to provide a high level of service to maintain strong client relationships, in a risk-controlled manner and in compliance with regulatory and internal policies.
Within PS&F, Prime Transition APAC is responsible for overseeing the setup and project manage new clients onto BNPP
PS&F Platform and ensure product & market setups according to the NAVCO information provided by Sales & enriched by the updates given by clients during the onboarding.
The role requires the candidate to collaborate and partner with internal stakeholders and across regions: regional ‘Client Solutions’ colleagues, FIC, Legal, Credit Dept. (Risk I2S), Legal, End-to-End Onboarding, support functions (Operations, Transversal) and other front office personnel to adequately prioritize our clients.
Responsibilities
Direct & Contributing Responsibilities
· Project management: a) managing the implementation project from start to finish, including overseeing KYC process, gathering information & documentation, coordinating with the internal stakeholders as aforementioned to ensure all aspects of the client onboarding are handled timely and efficiently. B) Monitor progress and provide regular updates to stakeholders. C) identify potential risks early and highlight to the team lead to address/ develop mitigation strategy.
· Plan and execute client transitions, including account & markets setups, documentation, and system configuration/ integration (trade & post trade connectivity) are done seamlessly.
· Problem solving & Communication: resolving any issues that arise during the implementation process and keeping the stakeholders and client fully abreast on the timeline & status.
· Efficiency & effectiveness: continuously find areas to improve client experience as measured by TAT/ time to market, quality of setups on the products and markets and client & stake holders feedback.
· Control & Compliance: Ensure control owned by Prime Transition are implemented and adhere to
· Active participation in projects / remediation according to APAC Prime Business priorities
· Prepare metrics and reports on status of client transition & onboarding for MI purpose.
Technical & Behavioral Competencies
· At least 5 years previous experience in Prime Brokerage Onboarding / Transition role
· Excellent communication, collaboration, interpersonal skill and ability to lead and manage project independently.
· Independent, resourceful, excellent problem-solving skills, attention to detail and able to deliver within the project timeline.
· Strong understanding of MS Office suite and its application (Word, Excel, Power Point)
· Language: English
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Client focused
Communication skills – oral & written
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Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and leverage networks
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Education Level:
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Experience Level
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Other/Specific Qualifications (if required)