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

BehaviouralSkills:

• Attention to detail / rigor
• Communication skills - oral & written
• Critical thinking
• Creativity & Innovation / Problem solving

Transversal 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