BNP Paribas
Location
Chennai | India
Job description
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 specialised 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. About Business line/Function: Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams' handles sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients. Job Title: Senior Associate Date: Department: BSO Location: Chennai Business Line / Function: BSO/Global Custody Corporate Actions & Income Reports to: (Direct) Grade: (if applicable) NA (Functional) Assistant Manager Number of Direct Reports: NA Directorship / Registration: Position Purpose Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams' handles sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients. Responsibilities ¡ Act as a reference point for the team members and train/guide them through the daily activities. ¡ Allocate work, set priorities for the day and manage complex tasks in daily operations. ¡ Perform 'checker' functions for all manual activities related to custody functions. ¡ Responsible to deliver and meet KPI in accordance to the set standard. ¡ Perform daily controls on team activity as per existing checklists to ensure priorities have been respected and tasks have been correctly performed. ¡ Escalate to the Team Leader any incident or operational risk. ¡ Act as a subject matter expert and assist staff's in clarifying their questions/doubts in the BAU. ¡ Cross-checking information received with other data sources ¡ Reverting to local sub-custodians to clarify/solve any open issue. ¡ Analysing the corporate event in order to anticipate any reporting or processing issues. ¡ Validation of financial information that was setup into the Custody system. ¡ Collecting and relay any update related to the corporate event on an on-going basis with in the SLA. ¡ Assist to resolve discrepancies in eligibility reconciliation. ¡ Checking that all eligible positions have been instructed at response deadline (for voluntary events only)¡ Consolidating client instructions (for voluntary events only)¡ Advising local market by sending instructions of participation to sub-custodian (for voluntary events only)¡ Checking that instructions of participation have been duly acknowledged by sub-custodian. ¡ Tracking of the payment date of the event in order to advise clients accordingly ¡ Processing payment of the event on client's account upon recovery of cash and/or securities from the local sub-custodian ¡ Processing foreign exchange orders according to client's set up. ¡ Validation of manual adjustments related to cash or securities in order to finalize the recovery process. ¡ Justifying any cash or securities breaks to Control Teams. ¡ 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. ¡ To be based in Chennai and prepared to travel as required. ¡ Must be prepared to work in any shift supporting Asia/Americas/European business hours. ¡ Must act according to protocols defined for Business contingencies (BCP). Technical & Behavioral CompetenciesJob tags
Salary
