BNP Paribas Hiring for Associate L 1 at Chennai Full Time

Job Description – APAC

Job Title:

Associate Level 1

Date:

2nd Sep 2021

Department:

Global Income & Corporate Action

Location:

GSO, Chennai

Business Line / Function:

Market and Financing Services

Reports to:

(Direct)

Team manager – Global Income and Corporate Action team

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

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 team’s goal.

Associate/Associate Level 1 will be responsible for performing daily tasks related to Global Income and Corporate action team carried out in the MFS department. He/ She will be working closely with off-shore management, Front office, Account managers, Global Custody teams and external Brokers as part of their daily tasks and will report to the Team Leader and local management in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Good functional understanding of the securities lending business along with basic knowledge of Settlement, Corporate Action, Collateral management, billing function related to securities lending business is required.

Responsibilities

Direct Responsibilities

• Track, generate and issue all the cash dividend claims to the counterparties on the pay date without fail.
• Follow corporate actions announcements on loan positions and Investigate on breaks with the global custody.
• Rigorously follow the payments from the brokers by effective communication and proactive follow-ups
• Analyse, investigate on all cash breaks with the global custodians to bring down all the cash breaks and thorough investigation on aging breaks and finds a solution to clear them with appropriate action.
• Monitor the corporate action events and coordinate with the lender and borrowers on the elections and ensure the event has been processes correctly without any delay.
• Prioritize the work and conduct investigation with due diligence on all the discrepancies/breaks and respond to all queries with in the timeframe agreed as per SLA and procedures.
• Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists
• Procedures and checklists must be updated/ prepared with immediate effect to be in-line with delivery standards and SLA
• Anticipate issues that may adversely affect Operations and propose possible solutions.
• 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.

Technical & Behavioral Competencies

• 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.
• Work Experience in Intellimatch will be preferable

Specific Qualifications (if required)

Good Accounting knowledge

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Creativity & Innovation / Problem solving

Communication skills – oral & written

Client focused

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

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)