BNP Paribas Hiring for Associate Level 1 – Personal Account Dealing Support at Mumbai Full Time

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24×7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals – Information Technology, Operations and Finance Shared Services.

About Business line/Function :

ISPL Compliance Hub is focused to protect the reputation of the Group and effectively manage risk across all business areas. At present the compliance function is broadly organized into divisions which embed into the areas they support to provide services but not limited for Global Compliance training, Capital Markets Surveillance, Electronic Communications Surveillance, Personal Account Dealing, Compliance KYC hub, etc.

Department:

ISPL Compliance Hub

Location:

Mumbai

Position Purpose

Personal account dealing is part of the compliance unit of the investment bank. it is responsible for monitoring of all employee trading activities and also to prevent employees from trading on, or the appearance of trading on, material non-public information and to ensure accordance with the Firm’s Personal Account Dealing(PAD) policies

Responsibilities

Direct Responsibilities

• Check employee personal trading requests in accordance with the Firm’s Personal Account Dealing(PAD) policies

• Respond to employee queries (via telephone and email) regarding personal account dealing

• Update new joiner, leaver and change of personal accounts on the PAD database

• Issue email request staff completing their declaration

• Chase outstanding staff declaration

• Collect staff’s account and holding declaration

• Issue account opening approval letter

• Scan and file staff’s declaration and approved account opening letter

• Conduct reconciliation between the account movements and the dealing approval

• Update results of the reconciliation

• Chase outstanding statements from sensitive staff concerned

• Flag exceptions on dealing approval

• Scan and file the reconciled account statements

Contributing Responsibilities

• Prepare MIS reports for management on a regular basis

• Prepare report of PAD monitoring

• Support creation of Internal and Ad-hoc reports in a timely manner

• Support audit, compliance testing and regulatory requests for information

• Monitor local personal account dealing processes to identify areas for improvement

• Assist with the implementation of new/revised processes and systems

• Handle special projects and/or other duties as assigned by Management

Technical & Behavioral Competencies

• Excellent communication skills (written and verbal) and interpersonal skills with an ability to interact with all levels of management and staff

• Good knowledge of financial products, the securities industry, and awareness of financial regulatory environment

• Able to work both independently and as part of a team

• Willingness to sometimes work outside normal business hours or on public holidays to meet reporting obligations

• Ability to comprehend issues and breaches in a timely manner and raise it to the relevant stakeholders without any delay

• General understanding of the associated risks

• Strong ability to meet deadlines

Specific Qualifications (if required)

• Professional level knowledge of securities and banking regulation.

• Fluent reading proficiency in English.

• Minimum 3 years of relevant compliance and or financial product experience

• Comfortable user of Microsoft Office (i.e. Outlook, MS Excel; Word, Visio, powerpoint)

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Decision Making

Organizational skills

Ability to deliver / Results driven

Transversal Skills:

Analytical Ability

Ability to develop and adapt a process

Ability to develop others & improve their skills

Ability to understand, explain and support change

Ability to manage a project

Education Level:

Bachelor Degree or equivalent