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About BNP Paribas India Solutions Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions. About BNP Paribas Group BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability Commitment to Diversity and Inclusion At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. Job Title Senior Associate Date Department: IFSO Location: Chennai Business Line / Function HFS Reports To (Direct) Grade (if applicable) (Functional) Assistant Manager Number Of Direct Reports NIL Directorship / Registration Position Purpose The individual would be responsible for processing and delivery of accurate and timely Reconciliation, Client Queries and handling Trade Life Cycle. Responsibilities Direct Responsibilities Independent delivery of accurate and timely Reconciliation for hedge funds – with high volume or / and complexity (having equities, bonds, future, options, etc. as holdings) by completing all of the following processes: Cash and position reconciliation (Investment Manager accounting vs PB); with resolution of breaks Pricing Variance analysis Corporate Action – Upcoming Events Non trade bookings security setup NAV & PNL Reconciliation Handling of client issues Responding mails in understandable manner Delivery on audit requests and resolution of all queries on the same Trade Matching and Settlements Contributing Responsibilities Ensure middle office deliveries of portfolio event processing, price variance checks, reconciliations (cash, position), Trade Matching and Settlements are produced accurately and in a timely manner. 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. Prioritize the work and conduct investigation with due diligence on all the discrepancies. Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner. 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. Technical & Behavioral Competencies Should be good in accounting concepts and exposure to Middle office Operations Experience in working on Order Management tool or Middle office Tool is preferred. Knowledge on capital markets Decent understanding on financial instrument like equities, bonds, futures, options, Swaps , MBS and ABS. Candidates to research on hedge funds industry and demonstrate how much they understand of it. Ability to showcase understanding of fund administration business would be an added advantage. Should know the Life Cycle of Trades and Settlements. Should demonstrate the hunger to learn and grow. Should be a go-getter i.e. proactive, driven and demonstrate ability to stretch for the learning / growth. Should come across as someone smart, who has ability to think through issues and figure out solutions. Specific Qualifications (if Required) The candidate should have a minimum qualification in Graduate/Post Graduate in Finance or equivalent and minimum 3-5 years of experience in the financial services/capital markets. An additional certification in capital markets would be appreciated. Skills Skills Referential Behavioural Skills: (Please select up to 4 skills) Decision Making Ability to deliver / Results driven Client focused Ability to share / pass on knowledge Transversal Skills: (Please select up to 5 skills) Analytical Ability Ability to understand, explain and support change Ability to inspire others & generate people's commitment Choose an item. Choose an item. Education Level Bachelor Degree or equivalent Experience Level At least 3 years Other/Specific Qualifications (if Required) The individual should be a proactive, active team player for any client requests and flexible to process changes as per business requirements. Show more Show less
