Assistant Vice President - Sec lending Controller

Position Purpose

The AVP Individual Contributor - Security Lending operations will be responsible to handles securities and cash transactions for various products (Repo, Securities lending, triparty, etc.) for BNP SA's own account at Securities Services or as an agent; the treasury department is in charge of managing the cash of Securities services linked to the security, cash or/and custody and the OTC activity is an outsourcing of services for external clients.

Responsibilities

Direct Responsibilities

As part of an MFS Control and certification team, he/she will be in charge for the FCS and Agency lending, Operational Treasury, Forex and TPA, carrying out controls and certification of activities.

The tasks will consist of:

• Carry out reconciliations on balance sheet and off-balance sheet accounts, guarantees (monthly and daily), justifications (with Finance teams) and accounting corrections using group reconciliation/justification tools (Ambre, Onyx, Concorde), develop activity KPIs.
• Monitor and control the accounting systems (of which he/she will be guarantor of the control for the securities and cash aspect through the group's accounting tools), and the resolution of discrepancies, and management (Calypso, Alena, HFT, etc.), as well as the processes (he/she will in particular be guarantor of the risk linked to the monitoring of operational processes, monitoring of prices, rates, etc.).
• He/she will also carry out certification tasks (Beacon, Just certificates), support management (Reporting, invoicing of agents, organization and animation of meetings to follow up on outstanding issues, monitoring of incidents, procedures, response to the operations manager, Birdie, etc.) and will monitor cross-functional projects between departments (Audit, Combo tool support, CSDR, new products, etc.).
• He/she will have to understand the back office systems linked to his activity, as well as the accounting systems, but also know the lending, treasury, TPA and FX.
• He/she will contribute to the good flow of information by being versatile and ensuring follow-up of detected anomalies, by ensuring effective back-up and by sharing his/her knowledge and know-how, by training new arrivals, by informing/reporting for resolution all problems inherent to processing which may create a risk for the bank, setting up activity reporting (KPI, Orus, checklist), and responding fluidly to requests.
• He/she will contribute to improving the service (by being a source of proposals for system developments, by participating in strengthening links between teams, by adapting to changes, by updating and creating operational procedures/modes of operation relating to the activity, by undertaking with full knowledge of the risks, by being autonomous and efficient.)

Technical & Behavioral Competencies

• Good knowledge of Finance, Financial accounting, financial analysis and Reconciliation
• Good on working Microsoft Excel and Microsoft PowerPoint.
• Demonstrate SME and leadership skills through role model behaviors and professionalism.
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines
• Ability to develop and cultivate relationships across all staff levels.
• Demonstrate integrity with data, colleagues and Stakeholders
• Ability to organize, prioritize tasks and work in a deadline-oriented environment.
• Ability to work under pressure and communicate well, being accurate and concise, ability to deliver to tight and demanding deadlines
• Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner.
• Must be able to demonstrate a strong Risk and Control mindset

Key Requirements

• Graduation from a recognized University, preferably a Masters degree in Commerce or MBA (Finance)

Candidate should have minimum of 8 years of overall experience in capital market operations preferably 6 8 yrs in Securities Lending experience or reconciliation, accounting and Technical understanding of the application flow.