Job Title: Associate – Agency Settlements 

Department: GMO - Processing & Support - Securities Settlement 

About Business line/Function: 

Securities Asia executes its clients’ orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. Sec ASIA BO is responsible for clearing and settling those trades executed via Sec ASIA and informing the relevant counterparties in case of disagreement.

Client Services is responsible for executing payments as per BNP transparency policy and checking depot and nostro reconciliation for Sec Asia entity

F&O – Sec ASIA as an executing broker, ensure that all Arbitrage F&O trade bookings are captured in Gloss with proper categorization of Market making and non-market making as to facilitate proper stamp duty payment. 

HK Branch Custody services: HK Branch Custody BO is responsible for client’s holdings, corporate actions, valuations of securities and reconciliations on HK Branch’s cash accounts maintained with its custodians, performing cash projections and arranging fund movement. 

Position Purpose: 

Responsibilities

Direct Responsibilities

1. Settlements 

- Preparing Settlement Instructions for all Asia Equity Markets. 

- Liaising with overseas brokers/custodians over trade-pre-matching issues. 

- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate. 

- Updating static data information at back end related systems. 

- Follow up outstanding trades and ensure correctness of the updated record. 

- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.

 2. FnO 

- Ensure collateral withdrawals and deposits are processed based on the margin requirements. 

- Perform payments on pending and error trades for Sec Asia accounts. 

- Perform trade feeds from Pael Gloss to Sec Asia Gloss for Arb trades. 

- Follow up with outstanding Commission with MO/FO and paying agents. 

3. Client Services

- Payment’s processing 

- Bank reconciliation 

- Posting journals for accounting 

- Corporate action and Security pricing

4. HK Branch- Custody Services

-Cash corporate action entitlements paid on the securities held by the custodians on behalf of Hong Kong Branch, e.g. cash dividends, coupon payments and redemptions…etc.

-Cash paid for voluntary corporate actions, e.g. rights and warrants subscriptions.

-Cash paid and received when settling DVP transactions instructed by Hong Kong Branch.

-Custodians’ own charges, e.g. custody fees…etc.

-Statement generation for its own custody clients

Contributing Responsibilities

- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.

- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.

Technical & Behavioral Competencies

Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team members also need to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution.

Specific Qualifications:

• Minimum 5 years of experience along with bachelor’s degree - in management, finance, , economics, field or equivalent experience.

• Prior experience in similar domain.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Ability to share/ Pass on Knowledge
• Adaptability
• Ability to collaborate/ teamwork
• Basic Microsoft Excel

Behavioral Skills: 

• Communication
• Analytical Ability
• Team Player

Education Level: Bachelor’s degree or equivalent

Location: Bangalore

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 specialized 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, corporate 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.

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.

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, color, 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. 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.