Bnp Paribas Hiring for Senior Associate at Chennai, Tamil Nadu, India Full Time

Job Description

– APAC Job Title: Senior Associate Date: 26 Nov 2021 Department: Ops SSC Réconciliation Location: Mumbai/ Chennai Business Line / Function: IFSO Reports to: (Direct) Assistant Manager Grade: (if applicable) NA (Functional) Number of Direct Reports: NA Directorship / Registration:

Position Purpose

SSC over the last 4 years have grown in Size & has clients across Business lines in Corporate Institutional Banking and beyond (BNPP Fortis, Wealth Management). Clients today include multiple branches of BP2S & CIB supporting mainly Custody, MO, FA, DFS, FDS/ TA, IA, Corporate Banking, Global Markets. With the increase in Client Base & a huge pipe line of Clients, there is a need for the SSC to have a specific focus around the client impacts, to develop the client relationship. This becomes more and more important as the SSC is servicing not only internal but also external Clients. SSC reconciliations has its operations in India across Chennai & Mumbai. The candidate would be handling the cash & securities reconciliation process & MIS on regular basis. Key Activities :

• Perform the daily Nostros, Internal & Securities accounts reconciliation + Market Value Reconciliation.
• Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
• Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.
• Taking corrective measures/action in consultation with the Assistant Manager / Manager.
• Escalate unresolved open items to the Assistant Manager / Manager.
• To Manage KPI’s & KRI’s of the process

Responsibilities

Managing Service Delivery

• Understand and get trained in all the tasks/activities in the process.
• Perform the daily Nostros, Internal & Securities accounts reconciliation + Market Value Reconciliation.
• Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
• Prioritize the work and conduct investigation with due diligence on all the discrepancies.
• Identifying exceptions and out of balance situations, and liaised with internal departments as required, to reach resolution in a timely manner.
• Taking corrective measures/action in consultation with the Assistant Manager / Manager.
• Escalate unresolved open items to the Assistant Manager / Manager.
• Should be prepared to travel if there is any requirement.
• Providing user training as required, improving the understanding of the control aspects of reconciliation
• Analyzing trends in process exceptions identify root causes and implement solutions.
• Drive & support new initiatives &various ad-hoc projects
• Manage Escalations and resolve aged items
• Drive improvement in STP
• Accountable be maintaining up to date procedures for the process that are supported
• Work with business teams to resolve risky breaks & manage the expectations as well as improve the overall process
• Ensure Audit requirements are met

Contributing Responsibilities

• Maintain Communication Channels with internal peer groups.
• Participate in Cross Training and ensure the Knowledge transfer between the team and processes is happening on periodic basis.
• Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
• Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

Technical and Behavioral Competencies required

• Knowledge of business, products, risks, tools
• Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required
• Prioritizes, multiple tasks, and meets strict deadlines.
• Prepared to travel if required.
• Good written and oral communication skills in English
• Should possess strong analytical, organizational and interpersonal skills.
• Should be committed and have the ability to prioritize the work and work independently as well as in a team environment.
• Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required.
• Must be flexible and be prepared to work in any shift supporting Asia/Americas/European business hours based on business requirement

Specific Qualifications (if required)

• Possess Bachelor or Master’s Degree
• 3+ Years of experience with minimum 2 years of relevant experience

Skills Referential Behavioural Skills: (Please select up to 4 skills) Ability to synthetize / simplify Ability to collaborate / Teamwork Attention to detail / rigor Critical thinking 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 and leverage networks Ability to develop others & improve their skills Education Level: Bachelor Degree or equivalent Experience Level At least 3 years Other/Specific Qualifications (if required)