Associate Level 1 - MO - Corporate Actions

Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also, we do record keeping activities to mitigate the risk that impacts fund valuation on back of a corporate action event.

Responsibilities

• Cross-checking information received with other data sources.
• Reverting to local sub-custodians to clarify/solve any open issue.
• Analyzing the corporate event to anticipate any reporting or processing issues.
• Setting-up of financial information into the accounting system
• Collecting and relay any update related to the corporate event on an on-going basis.
• Processing the securities reconciliation with sub-custodians client positions at the different steps of the event.
• Checking eligible positions of accounts within the custodian
• Checking that all eligible positions have been instructed at response deadline (for voluntary events)
• Consolidating client instructions (for voluntary events)
• Advising local market by sending instructions of participation to sub-custodian (for voluntary events only)
• Checking that instructions of participation have been duly acknowledged by custodian.
• Tracking of the payment date of the event in order to advise clients accordingly.
• Processing payment of the event on clients account upon recovery of cash and/or securities from the local sub-custodian
• Processing foreign exchange orders according to clients set up.
• Processing any manual adjustment related to cash or securities in order to finalize the recovery process.
• Justifying any cash or securities breaks to Control Teams is happening on periodic basis.

• Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.
• Participate in Brainstorming Sessions and share the best practices and ideas with the peer groups and team members.

- Accounting knowledge and knowledge on Swift messages is an added advantage.

- Zeal to learn new thing

- Working knowledge of MS Word, Excel will be useful.

- Must be prepared to work in flexible timings.

- Good communication skills

Specific Qualifications

Client Focus

Complete commitment to provide professional, intelligent and timely responses to our clients needs and to changes in the market.

Communication

Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.

Written: Expressing ideas clearly in all written documents. Using professional, appropriate language always, and adhering to the use of the BNPP Email Protocols.

Teamwork

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

Continuous Improvement and adaptation

Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Client focused

Adaptability

Ability to collaborate / Teamwork

Communication skills - oral written

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Education Level:

Bachelor Degree or equivalent

Experience Level

Beginner

Other/Specific Qualifications