Associate Level 1 - PL Income

Department: Principal Lending

Business Line / Function: Market and Financing Services

Reports to: (Direct) - Team manager of Income

Position Purpose
Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the teams goal.

Associate will be responsible for performing daily tasks related to Income process carried out in the principal lending department. He/ She will work on the daily tasks, monitor the Income events, and process the payments, Redemption event and reconciliation of claims. directly reports to the Team Manager of the Income. The staff will be working closely with Paris management, Relationship management, Front office, and external Brokers /counterparties as part of their daily BAU.

Responsibilities

• Keep up and manage every operational aspect linked to the activity of Principal lending. (Income event processing / redemption process/ US IRS tax reporting / Reconciliation of stock and cash breaks)
• Ensure to process daily Dividend and coupon events. Monitor all the claims and compensations processed for income events and respond client enquiries on timely manner.
• Understanding different types of CA and dividend events and trade life cycle.
• Knowledge about US /EMEA/APAC markets and specifications to manage high volumes and cut off.
• Maintain quality relationship with every global custody operational team of each branch of BNP Paribas Securities Services, with external stakeholders like counterparties and with our trading desk.
• Understanding the different types of SWIFTS messages and decode the corporate action event messages.
• Job involves high degree of Daily communication and interaction with internal /external Counter parties, custodians and agent banks and external clients.
• Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.
• Resolve Cash and stock breaks in the reconciliation in collaboration with reconciliation team
• Must be able to see tasks through to completion with a sense of accountability.
• US Tax reporting and Tax reclaim concepts knowledge across regions.

• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
• Ability to work in a team environment in coordination with the colleagues and the mangers.
• Proficient in Microsoft Office Applications and strong MS Excel skills required.
• Proficient in Swift tools and Banking applications
• Knowledge in securities operations and custody.

Any Certification related to corporate action and securities service market.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

• Ability to collaborate / Teamwork
• Communication skills - oral & written
• Communication skills - oral & written
• Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

• Ability to develop others & improve their skills
• Ability to develop and leverage networks
• Ability to develop and adapt a process
• Ability to understand, explain and support change

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years.