Associate 1 - DEC Brokerage

To manage Brokerage function as per give up agreement for the clearing function. Ensure accurate settlements.

Responsible for processing all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the companys revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Payable

Processing accounts and payments in compliance with financial policies and procedures

Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables data

Reconcile the accounts receivable ledger to ensure properly posted.

Execution fee setup in the back office system

Registration of broker invoices and reconciliation of trades & fees

Instruction of invoices settlement

On board process Establish Give-up agreement

Receivables

Receiving and sorting incoming payments

Managing the status of accounts and balances and identifying inconsistencies

Issuing invoices

Assume the responsibility of receiving and sorting incoming payments with attention to credibility

Update accounts receivable database with new accounts or missed payments

Ensure all clients remain informed on their outstanding debts and deadlines

Provide solutions to any relative problems of clients

Write thorough reports on billing activity with clear and reliable data

Chasing Paying agent to obtain payments

Risk control and supervision:

Monitor activity progress against the goals and take appropriate corrective action as and when it is required

Control and ensure that all tasks are processed accurately and on a timely manner

Identify risk, suggest implementation of a first level of control.

Deal with client and brokers issues escalated by the team and share it with the management when appropriate

Participate in client visits and conference calls

client focus

Collaborate /Liaise with other BNPP teams/stakeholders.

Verify discrepancies by and resolve billing issues

Ensure that procedures are updated and validated on a timely manner

Perform and updated the status of the assigned tasks in the daily task checklist.

Review and validation of Give Up Agreement through Egus (or hard copy)

Breaks analysis and dispute resolution

Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)

Proven working experience as Accounts Payable / Accounts Receivable domain

Knowledge of Exchange Traded derivative products /ETD Clearing.

Strong knowledge of Trade Life Cycle.

Experience in Brokerage, Derivative clearing functions, settlement functions Middle Office Operation functions within Investment Banking is favorable.

Flexibility to accommodate business requirements and working hours.

Good Excel skills required.

Bachelors degree from a college or university

Strong Communication skills and client focus oriented

Fundamental understanding of clearing /Futures & Options markets.

Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Communication skills - oral & written

Critical thinking

Creativity & Innovation / Problem solving

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Ability to develop others & improve their skills

Education Level:

Master Degree or equivalent

Experience Level

At least 1 year