BNP Paribas Hiring for Associate\ Associate L1 at Chennai, Tamil Nadu Full Time

Date:
01/12/2022

Department:
AMIO

Location:
GSO – Chennai

Business Line / Function:
Reference data

Reports to:
(Direct)

Girish Kumar R

Grade:
(if applicable)

NA

(Functional)

Number of Direct Reports:
NA

Directorship / Registration:
NA

POSITION PURPOSE

BNP Paribas GSO Chennai would be the extended team of Investment Operations team and responsible for delivering the services related to Security Master, Pricing, Benchmark and Reconciliations processes which are currently under transition from BNP Paribas Asset Management Brussels S.A.

BNP Paribas Asset Management is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards his clients. These funds & mandates are managed by Portfolio Managers, who are based in the different locations across the globe.

Investment Operations is responsible for handling and monitoring all services, in order that the Portfolio Managers are able to manage daily their portfolios. Security Master Operations is one of the teams within Investment Operations.

You, as a member of the team Security Master, Benchmark & Pricing Operations, will be responsible for the daily creation of financial instruments and Funds / Mandates, daily monitoring and validation and publication of prices for all instruments. Besides the creation, you will provide effective support to internal and external clients and you will work on frequent projects related to data quality enhancement as well as process improvement. Understand the valuation (prices / Mark to Market + analytics) process of all kinds of financial instruments. Make sure that the pricing strategy is fully applied.

Responsibilities

DIRECT RESPONSIBILITIES

Pricing:
This team is responsible to update the price of Listed & OTC securities to enable the fund accountants/Reporting to ascertain the market value of the securities as a part of fund valuation (NAV) and reporting activity.

Pricing activity is carried out across APAC & EMEA regions for both listed and OTC.

Asset creation:
This team is responsible to setup the securities of various instruments in the respective accounting platforms.

Security master activity is carried out across APAC & EMEA regions for both listed and OTC.

Benchmark:
This team is responsible of creating/maintaining indices & benchmark for funds and mandate in accounting platform.

BASIC REQUIREMENT

Knowledge on Capital Markets and knowledge of Security Pricing / asset setup Management or outsourced Operations

An understanding of a variety of Instrument types including Equities, Bonds, Unit Trusts

TECHNICAL REQUIREMENT

In depth understanding on the system functionalities. The applications we use and data retrieval from vendors.

Trouble shooting skills set to have smooth BAU.

CONTRIBUTING RESPONSIBILITIES

Process accurate security pricing / Asset Creation/Benchmark on a Global basis within given deadlines.

Interact with both internal and external parties to resolve pricing / Asset creation/ Benchmark issues and queries.

Query resolution in accordance with time frames set out in Client SLA’s

Constantly review procedures to keep up to date with the change in process.

Manage all ad-hoc projects and new initiatives.

Performing a range of daily, weekly, monthly reporting’s/ controls to ensure completeness of processing.

Work with the Vendors and other parties to capture security prices / Asset Creation /Change in benchmark

Resolve pricing / Asset Creation/Benchmark issues in a timely basis.

Based on the experience, she /he should able to identify the areas for improvements in the process and implement stringent controls and ensure operational excellence.

CLIENT FOCUS

Complete commitment to provide professional and prompt responses to meet clients’ requirement.

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 at all times, and adhering to the use of the BNPP Email protocols.

TEAM WORK

Work effectively with team members to accomplish goals, exhibit high-level of respect to colleagues, display integrity in dealing with team members.

CONTINUOUS IMPROVEMENT AND ADAPTATION

Be innovative, embrace changes, and simplify the comprehensive areas without compromising on quality or timeline. Adapt continuous improvement as a culture.

Primary responsibilities

BAU Excellence

Client Focus

Risk & Controls

Team Work

Learning & Development

TECHNICAL & BEHAVIORAL COMPETENCIES

Effective people and client communication

Innovation and Initiative

Flexibility & Adaptability

Integrity, Trust and Fairness

SPECIFIC QUALIFICATIONS (IF REQUIRED)

1 to 3 Years of experience in the field of Static Data or Pricing (Listed & OTC) would be preferable.

Graduation / Post Graduation from the recognized University.

Specific interest or qualification in Mathematics is an added advantage.

Working experience with the most important data providers: Bloomberg, Telekurs, Reuters.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills – oral & written

Ability to synthetize / simplify

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to anticipate business / strategic evolution

Education Level:
Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

PRIMARY LOCATION

IN-TN-Chennai

JOB TYPE

Standard / Permanent

JOB

OPERATION PROCESSING

EDUCATION LEVEL

Bachelor Degree or equivalent (>= 3 years)

EXPERIENCE LEVEL

Beginner

SCHEDULE

Full-time

REFERENCE

BNP023130

APPLY

(REF: BNP023130)