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.
• Contributing Responsibilities
• 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)