Manager - Sec Lending SFTR

Principal Lending is past of MFS Seclending function:

• Temporarily

  transfers

  of title of the security (Loan) and associated rights and privileges.
• Lender has the

  Right to recall

  the security.
• Lender receives

  collateral

  from the borrower, valued higher than the value of the lent securities.
• The margin levels are marked-to-market, to ensure that the loan is

  sufficiently collateralized on all times

  .

• Pre-negotiated fee

  is charged by the Lender on the borrower for each loan till the loans are closed.

Corporate action events are initiated majorly for the below reasons.

Return profit to shareholders.

Corporate restructuring in order to accelerate the profitability of the company.

Improve the liquidity of the stock by influencing the increase or decrease in price (stock splits and reverse stock splits)

Manager for performing Securities lending operations of reporting services - SFTR. Manager will also be responsible for people management, formalizing the work allocations of the team members, discussing with the manager on the mid-year and year-end performance-based ratings of the team members assigned to him/her as part of the performance appraisal. To ensure the completion checks of daily tasks, reporting and investigation and will report directly to AVP of SFTR team. Working closely with all internal teams, Paris, London and local management as part of their daily BAU.

Candidate with good functional understanding of the securities lending business is key along with basic knowledge of Settlement, Corporate Action, Collateral management, billing function related to securities lending business.

Responsibilities

Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.

Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries within the timeframe agreed as per SLA and procedures.

Ensure all the trades reported to regulator before the deadline.

Send daily/Weekly/Monthly/Quarterly KPI reports without fail

Perform breaks reconciliation in IHSMarkit and DTCC.

Follow appropriate escalation procedures

Strictly adhere to established departmental processing procedures and controls

Anticipate issues that may adversely affect Operations and propose possible solutions.

Constantly improve business knowledge through training and multi-skilling and ensure yourself is cross trained across various functions in the team.

Have an in-depth knowledge of markets and products, respect & adhere the applicable procedures for each market.

Knowledge of Global markets requirements is a must.

Ensure that, client issues/concerns are addressed and resolved within the agreed timelines.

Ensure high level of communication network is established will all the departments within the business group.

Ensure all the documentation is in place w.r.t Risk mitigation and Control.

Ensure high level of service has been delivered to the Clients of BNP Paribas Group.

Prioritize the work and conduct investigation with due diligence on all the discrepancies.

Manage staff to take corrective measures/actions.

Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.

Delegating the tasks to the assistant managers and other team members.

Ensure all the necessary training has been provided to the team members to perform the relevant tasks.

Ensure that, the Back-up management tool is in place for all teams.

Ensure all the deliverables of the process are met and maintained as per the service agreement.

Participate in Cross Training and ensure the Knowledge transfer between the team and processes is happening on periodic basis.

Defining the Key Performance Indicators for the process and achieving the same on a regular basis.

Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

Preparation of Key/Standard Operating Procedures for each process migrated to Chennai Hub.

Ensure all the KOP/SOP are got approved and signed between the locations and been uploaded to BNP intranet site.

Collating the data from all the applications and providing valuable inputs to Senior Management.

Consistently evaluate and update documented procedures to ensure they are complete, accurate and current and should acts as an owner of all the process documents of the Hub.

Carry out regular staff appraisals and evaluations.

Strong verbal and written English Communication Skills

Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

Proficient in Microsoft Office Applications and strong PowerPoint, MS-Word, MS-Visio & Excel skills required

Strong awareness of Risk & Control.

Must be able manage team activities and when required also be involved in project work for the migration of new funds and clients.

Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

Determines and addresses the root cause of problems in a timely and effective manner.

Analyses information and defines succinct, unbiased solutions that are easily understood by all stakeholders and facilitate rapid decision-making.

Navigates unfamiliar situations or problems by identifying patterns or connections and applying problem-solving techniques.

Consistently takes the lead within the department to execute positive solutions and achieve high standards of excellence.

Influences team members to achieve results valued by clients and customers.

Leads and influences others to translate vision and strategy into action.

Builds strong networks and alliances internally and externally to facilitate smooth, rapid implementation of sustainable change.

Holds self and others accountable for successful delivery of results and desired outcomes.

Always look for ways to improve services and processes

Be able to adapt to different markets and different clients evolution

Acts with integrity in all interactions with colleagues, team members and clients.

Promises only what can be delivered, managing expectations and honours commitments, and has committed to ethical practices in all interactions and relationships.

Treats others fairly, showing respect and courtesy.

Builds trust by responding openly, genuinely and consistently to others.