Job Title: Assistant Manager (AM) - Reconciliation

Department: Market and Financial Services

About Business line/Function: Market and Financing Services (MFS) business line provides a range of solutions to support the increasingly sophisticated requirements of institutional investors, alternative asset managers and financial intermediaries. These include Securities Lending (Agency and Principal), Foreign Exchange (On demand FX, Auto FX, Passive Currency Overlay), Triparty Service and a variety of Financing solutions.

Position Purpose: The Candidate will be responsible for taking care of the Back Office operations of Reconciliation function for across region. He / she will be responsible for performing daily tasks related to stock and cash recon, matching of breaks, working with multiple teams on clearing accounting breaks, etc. He/ She will be working closely with off-shore management, Account managers, internal and external stakeholders as part of their daily tasks with local reporting in Chennai. The staff will be working closely with all internal teams, Paris and local management as part of their daily BAU. Candidate with good functional understanding of the Security Lending business and Reconciliation function..

Responsibilities

Direct Responsibilities

·        Responsible for full back office operational functions of Stock and cash reconciliation processes for across region (APAC/EMEA/AMER) such as Nostro, stock depot recon, accounting & journal posting and ensuring doing root cause analysis of breaks as 1st level of control

·        Working with internal teams to ensure the breaks and accounting breaks are cleared as agreed SLA.

·        Enable brain-storming sessions with manager and team to identify recurring issues that impact Client and their desired level of services

·        Looking for opportunities to automate any manual reconciliation and also putting governance for all type of recon breaks. 

Contributing Responsibilities

·        Escalating exceptions to appropriate processing team for resolution.

·        Reporting of exceptions in line with internal control and external client requirements.

·        Contributing to team success.

·        Actively involving in terms of having frequent checks in terms of activities in SOPs and ensuring timely update of Procedures in Global portal within expiry with completeness

·        Extended error check in terms of identifying any errors/ incidents such that ensuring notifying reporting manager in terms of a complete write up of the incident within 24 hours post error occurrence.

·        Actively involved in terms of training new joiners in the team. Ensuring end to end training of process flow, logic and BAU activities, and specific activities as per requirement.

·        Should be able to independently carry forward any formalities in terms of on boarding any new Clients, for the existing process. This involves all the details relevance to services provided, any exceptions, relevant static and contacts details.

·        Should be able to come up with training plans based on the designation/ experience and expertise of the trainees.

·        Should be knowing end to end steps involved in terms of Daily/ Weekly/ Bi-weekly/ Monthly/ Quarterly/ Annual MIS analysis and presentation and the expertise ability should assist the management in case of any communication or follow up in future.

Technical & Behavioral Competencies

·        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.

·        Proficient in Microsoft Office Applications and strong MS Excel skills required, power BI.

·        Application knowledge like Mainline, Intellimatch, Calypso and other Recon tools. 

·        Extensive experience of working within Security Lending and Reconciliation function

·        Proficiency in communication should be witnessed in terms of independent working/ understanding details and assist in terms of decision making/ Easy to convey / No compromise in professionalism.

Specific Qualifications: Bachelor’s degree in commerce or Equivalent with minimum 6 yrs of experience.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

·        Good knowledge of MS office – Excel and power Point and added advantage if knows Power BI.

·        Good product knowledge of Security Lending and hands on experience of functions like Reconciliation of stock and cash.

·        Good knowledge of applications like Intellimatch, Calypso, etc.

·        Able to understand the Intellimatch lines breaks and good knowledge of SWIFT. 

Behavioral Skills: 

·    Ability to collaborate / Teamwork

·    Ability to share / pass on knowledge

·    Critical thinking

·    Ability to deliver / Results driven

Education Level: Bachelor's Degree

Location: Chennai CP II

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.