Job Description –PB
settlements (APAC)
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 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 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,
sexual 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 :
Global Market Securities Settlements team ensures that Security
transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and
positions registered in the books under CIB ITO’s mandate, match the
commitment actually taken with counterparties within a secure setup, in
accordance with Group and Regulatory Policies and/or contractual agreements.
Within the Securities Settlement Department, the main processes include
pre & post settlement activities, clearing, and event-related accounting
for securities deemed in scope.
Job Title:
Senior Associate
Date:
2024
Department:
COCE Trade Processing & Support – Securities settlements
Location:
Bangalore
Business Line / Function:
COCE Trade Processing & Support – Electronic equity – Security
settlements
Reports to:
(Direct)
NA
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Primary responsibilities of the team includes:
· Settlement of Security transactions and associated products in a timely
and cost effective manner
· Timely resolution of nostro and depot breaks
· Mitigation of operational and reputational risk by escalating in a
timely and efficient manner
· Liaising with clients, brokers / counterparties and other internal
support functions for smooth settlement of trades
Responsibilities
Key Responsibilities:
- Responsible for the settlement
of Security transactions & associated products booked in Calypso, on
a timely and cost effective basis by:
- Ensuring all trades are
instructed, matched & settled on a timely basis - Monitoring of failing trades
- Reducing fails and/or
potential fails by means of pairing off or partialing down deliveries - Minimizing fails by means of
partial deliveries where possible - Pre-matching trades in a daily
basis - Cash Management related with
funding trades
- Responsible for solving Nostro
and Depot reconciliation breaks on a timely basis: - By investigating and, where
possible, clearing all nostro breaks in reported by Securities Control
teams - By passing entries to the
Calypso systems to clean up outstanding items on a timely basis - By investigating and, where
possible, rectifying all depot breaks on a timely basis reported by
Securities Control teams - By investigating and solving
accounting breaks raised by Securities Control & Accounting teams - Escalating items that
represent operational risk to the direct Manager
- Contribute to the minimisation
of settlement costs & operational risk: - By becoming more risk aware
and by following the procedures or Compliance rules that are in place
to mitigate operational or reputational risk - Monitors and take appropriate
actions in case of market risks (buyins) - By seeking to improve STP
rates at our custodians so reducing cost, by updating static data as
and when necessary - By reducing the number of
manual instructions sent to agents therefore reducing cost, manual
intervention and settlement risk according to Compliance rules - If necessary, using the
escalation process when operational risk is detected
- Contribute to the overall
successful running of the settlement department: - By maintaining close
relationships with traders and sales and escalating problems to them
promptly where required - By maintaining good working
relationships with domestic agents and custodians - By communicating with, and
assisting, other operational departments where needed - Ensuring direct Managers are
kept informed of any potential problems & issues where appropriate.
Skills and competencies:
· Ability to analyse, organize and report efficiently
· Flexibility on working methods and changing international environment
· Rigorous and reactive in order to face pressure and reach excellence
anytime
· Diligently follow the set procedures and Compliance policies
· Knowledge of financial markets and products, and easiness/expertise in
dealing with Excel.
· English speaker
Experience Required
Minimum of 3 years experience
Skills Referential
Behavioural Skills:
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills – oral & written
Attention to detail / rigor
Transversal Skills:
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 3 to 4 years
Other/Specific Qualifications (if required)
NA