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 Tax team handles the client documentations for offering tax benefits to the client. An Associate in Global Tax department performs all the task of processing the daily BAU as per the Standing operating procedure. Job Title: Associate Level I Date: Department: BSO Location: Chennai Business Line / Function: BSO/Global Custody Tax Reports to: (Direct) Grade: (if applicable) NA (Functional) 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 Tax team handles the client documentations for offering tax benefits to the client. An Associate in Global Tax department performs all the task of processing the daily BAU as per the Standing operating procedure. Responsibilities Direct Responsibilities ¡ Oversee the Tax processing activities. ¡ Managing the Team and providing training to new Joiners ¡ Monitoring of Suspense and Nostro Accounts and take appropriate actions to clear breaks. ¡ Managing daily activities of the back-office for Tax processing. ¡ Responsible to assist staffs on the HR related issues ¡ Responsible for the logistics issues management ¡ Responsible for 2Strack creation, follow-up, escalation for incidents ¡ Follow-up with the team for the closing of reconciliation breaks. ¡ Acts to ensure procedures revision, adaptation and validation. ¡ Participate to UAT of the back-office software for the Corporate Action processing ¡ Ensure ownership of client instructions and provide reporting to clients for anticipated corporate action issues. ¡ Participate in regular conference calls with European and Asian Counterparts. ¡ Establishing communication links with Clients to discuss daily operational & performance issues. ¡ Other ad-hoc duties as may be required from time-to time ¡ 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. ¡ Assist Manager in Recruitment, training and appraisal. ¡ Responsible for the implementation of procedures. 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