Vice President – Asset Servicing Event Management – Senior Operations Expert

Business Overview:

Transversal Lifecycle Support is composed of four main departments:

1. Asset Servicing: Lifecycle management of market events impacting the cash securities and synthetic/swap holdings for both house & Prime activities. Key functions include: Event Capture, Notification, Election management and the bookings of Outcomes.

2. Tax Operations: Responsible for managing the tax compliance and reporting requirements for the investment products. Key functions include: Preparing and filling tax claims, calculating tax liabilities, and certification/documentation of custodians’ accounts to avoid any withholding tax or to obtain reduced rates.

3. Payments Oversight and Control: responsible for monitoring cash out & manual payment reduction, identifying and resolving payment processing errors, and ensuring that payment transactions are completed in accordance with internal policies and procedures.

4. Change & Design: Responsible for leading initiatives and designing new processes and systems to support evolving business needs. Key functions include: Conducting business and operational assessments, identifying areas for improvement, and leading change projects that improve processes, systems and operations.

The team works in close partnership with other Operations processing teams, Technology, Business, Product

Development, Finance, Legal, Compliance and other infrastructure functions across the globe.

Candidate SuccessFactors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities: 

Asset Servicing processes are inherently high risk and the processes complex in nature.  The role of the “Asset Servicing Event Management -Senior Operations Expert–Vice President” as an experienced Subject Matter Expert is to:

• Drive change projects and additional functionalization across processing groups (including Front Office) across Cash PB & Swap products. 
• Offer a level of excellence within Asset Servicing Operations, delivering market best practices in risk monitoring and control, operational efficiency, collaboration (end to end and inter-departmental) and people/culture development; all of which are a key driving focus. 
• Be the primary face off for the internal Asset Servicing functions, providing oversight and risk control across the Business Line. 
• Aid with escalation and complex situations with the ability to coordinate with multiple teams to resolve the issue while passing knowledge for future situations. 
• When necessary, the ability to find both tactical and strategic solutions to any operational issues and formulate the requirements in a formal manner for development.
• Translates complex asset servicing event information to help identify opportunities for improvements to the service that the Operations team can provide to BNPP PB clients.
• Aware of any market changes coming in to play that will affect Corporate Action processing, identifies any changes to systems or process that will need to be taken into consideration and implement.
• Participates in Market forums where permitted and share content with colleagues and management.
• Work closely with AS Client Service group to identify trends/pain points impacting Clients; identify

required system enhancements and help close knowledge gaps to improve Client experience.

• Builds and maintains excellent working relationships with internal partners 
• Provides technical support to the process line on a daily basis; takes the lead in decision making and approach where problems are more complex and require sophisticated analysis or experience. Acts as a point of escalation for more junior staff.
• Ensure the team processes the asset servicing functions within company procedures, guidelines and expectations.
• Runs a regional risk review forum reviewing all risk factors surrounding in-flight events, prepare and send minutes to Risk and Senior Management.  
• Performs process reviews proactively, identifying areas where risk may reside in the process and implement controls and adjust procedures to mitigate future occurrence. 
• Manages relationships with the PB business and clients to identify areas for improvement and provide excellent client satisfaction.
• Identifies restructuring opportunities to improve and refine process whilst optimizing capacity and resource.
• Be prepared to back up the process line at any time by stepping in to process/manage as required.
• Drives change projects by providing subject matter expertise into the change portfolio of projects, including both Operations and Front Office led initiatives.
• Challenge the operational readiness of each Asset Services Team and deliver training on a regular basis via various media to reduce queries, avoid risk and enhance the understanding of the teams and combat attrition.
• Monitor the break population with priority placed on aged, ensuring valid narration is provided by the process teams

The role is key to the smooth, risk mitigated running of the Asset Servicing function within BNPP’s PB business. This is a strategic business & part of BNPP’s strategy to become the number European Prime Brokerage House.

Minimum Required Qualifications:

• 8+ years of experience in asset servicing operations.   
• 8+ years of experience working with operational processes and risks, escalating concerns as needed.  
• Excellent written and oral English skills
• Risk awareness – Demonstrate a good awareness of operational risk management. Always considers risk in the daily activities and abides by the operational responsibilities, where relevant
• Good time management skills with ability to multi-task & prioritize workload.

Preferred Qualifications: 

• Detailed knowledge of Asset Servicing
• Ability to work as part of a team in a fast- paced operations environment.  
• Experience using DTC, BONY, Broadridge systems and local markets.
• Understanding of how to manage projects, drive change, and work with multiple times to meet business requirements.
• Knowledge of Front to back PB operational processes and how asset servicing interacts with the trade life cycle.
• Significant experience within Asset Servicing Operations
• A deep and thorough knowledge of Asset Servicing operational processes and how they impact clients’ positions and internal trade bookings
• Knowledge of Front to back PB operational processes and how asset servicing interacts with the trade life cycle.
• Prior experience in providing direct support to PB and strategic clients and able to effectively manage client queries autonomously.
• Proven commercial and communication / relationship management skills.
• Computer literacy and a good understanding of relevant software.

FINRA Registrations Required:  

• Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

The expected starting salary range for this position is between $120k to $160k annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate& Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose -to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World – https://usa.bnpparibas/en/homepage/join-us/our-opportunities/