What is this position about?

The Fund Dealing Services team supports the end-to-end trade lifecycle for clients that invest in managed funds (unlisted unit trusts), including account opening, trade management, reconciliations and pricing.

Primary Role Responsibilities

Trade Management

• Processing of application and redemption instructions for clients investing in managed funds 
• Generation of payment instructions before daily cut-offs
• Timely translation of trade data into the accounting system
• Settlement of trades in accounting system
• Reconciling cash balances of statement to ledger
• Reconciling unit differences between external registry to ledger
• Processing in accounting system of periodic transactions (management fees/rebates)
• Responding to client and Fund Accounting queries

Month End Reporting

• Month-end unit reconciliation for all clients’ managed fund holdings
• Communication with registries to confirm unit holding balances
• Data entry of data compiled in reconciliation template
• Generation of reporting and statistical data for internal and external clients

Pricing

• Monitoring daily market price delivery from Vendor, validate price movement based on FDS benchmarks
• Manual price update in unit pricing and indexation system (UPI)
• Monitoring periodic EX prices delivery from Vendor, validate and process EX prices, DIV and DRP in a timely manner
• Pricing exemption procedures process
• Pricing static data set up and maintenance
• Responding to internal and external stakeholders’ query

What is required for you to succeed?

• 1 year related experience in the financial services industry, particularly within a large custodian environment
• Willingness to ask questions and learn processes and tasks, with a desire to progress and develop their own technical knowledge and skills
• Strong work ethic and the ability to work closely and effectively as part of a team, including meeting daily deadlines and identifying and managing risk 
• Personal accountability, producing complete and accurate work
• High level understanding of managed funds and/or unit pricing

Desired knowledge, skill, experience

• Degree qualified in Business, Accounting or related discipline; or relevant work experience in a similar role preferable.

About BNP PARIBAS

BNP Paribas is a top-tier European and international banking establishment, with an uninterrupted presence in the APAC region since 1860 and in Australia since 1881. Combining global expertise and local know-how, BNP Paribas in Australia and New Zealand delivers solutions to our clients through Corporate and Institutional Banking and Asset Management - a bridge between corporate and institutional clients.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community

BNP Paribas MixCity which fosters better representation of women at all levels of the organization

Ability, the mutual aid network for employees with a disability or a disabling or chronic illness

BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

If you require any reasonable adjustments during the recruitment process, please feel free to reach out to us at bnpp.hrss.recruitment.operations@asia.bnpparibas.com or +61 2 9216 8633 (and ask for the Talent Acquisition Manager in the HR Team).

https://careers.apac.bnpparibas/

More information 

BNP Paribas - Diversity & Inclusion Journey

BNP Paribas - The Bank Of Green Changes

Award Obtained

BNPP has won Top employer Europe award in a 10th consecutive year