Job Title: Analyst / Associate

Department: Business Services Operations (BSO) – Custody - Corporate action and Income

About Business line/Function: Global and Local Custody - Corporate Actions & Income

Position Purpose: 

Custody teams in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams handle 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

Direct Responsibilities

§  Cross-checking information received with other data sources

§  Reverting to local sub-custodians to clarify/solve any open issue.

§  Analyzing the corporate event to anticipate any reporting or processing issues.

§  Setting up financial information into the Custody system

§  Collecting and relay any update related to the corporate event on an on-going basis.

§  Processing the securities reconciliation with sub-custodian’s client positions at the different steps of the event.

§  Checking eligible positions of accounts within the local sub-custodian

§  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 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.

§  Processing any manual adjustment related to cash or securities to finalize the recovery process

§  Justifying any cash or securities breaks to Control Teams 

§  Participate in Brainstorming 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).

Contributing Responsibilities

§  Establishing communication links with Clients to discuss daily operational & performance issues.

§  To assist team manager to handle day today activities.

§  Other ad-hoc duties may be required from time to time

Technical & Behavioral Competencies

§  Good knowledge in handling corporate actions and income related events for various instrument types

§  Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

§  Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

Specific Qualifications:

§  Graduates / Postgraduates (B. Com/MBA Finance preferred)

§  Candidates should be willing and flexible to work in any shifts 

§  Work experience: Zero or below 6 years of experience in a financial organization ideally with knowledge of Custody related activities.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

§  Ability to develop and adapt to a process

§  Hands on Knowledge on Swift MT56X messages, ISO 15022 % ISO20022

§  Corporate action knowledge mandatory

Behavioral Skills:

§  Creativity & Innovation / Problem solving 

§  Decision Making

§  Communication skills - oral & written

§  Ability to collaborate / Teamwork

Education Level: MBA Postgraduation level is preferred

Location: Chennai (flexible shift coverage).

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, 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.

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, 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. 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.