Job Title: Assistant Manager

Department: Global Markets Operations – Product Accounting Control

About Business line/Function: 

Global Market Securities Settlements ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, PNS.) and positions registered in the books under CIB ITO’s mandate match the commitment taken counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements. 

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.

The Recon & Control is a department within Control & Regulatory team that handles cash reconciliations, P&L reconciliation to sub-ledger, balance sheet substantiation, covering Fees and invoicing process, as well as general accounting, control, and reporting responsibilities

Position Purpose: 

Primary responsibilities of the team include:

·         Settlement of Security transactions and associated products in a timely and cost-effective manner

·         Timely resolution of nostro and depot breaks

·         Mitigation of operational and reputational risk by escalating in a timely and efficient manner.

·         P&L reconciliation to sub-ledger, balance sheet substantiation, covering Fees and invoicing process, as well as general accounting, control, and reporting responsibilities 

Responsibilities

Key Responsibilities

• Deliver the reporting of P&L results to the respective middle office teams. 
• Validate reconciliation of (but not preparation of) middle office P&L to the General Ledger. 
•  Certify Cash “Nostro” reconciliations and ensure reported in a timely manner. 
•  Support the general ledger balance sheet substantiation and investigation, including break resolution for activity under our control remit. 
•  Support the controls ensuring the integrity of the Stock Record and all positions 
•  Assist on projects including but not limited to system upgrades, implementations, & automations. 
•  Assist with ad-hoc duties and reporting as assigned. 

Core competencies: 

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform: -

·         Results and Impact 

·         Collaboration

·         Client, Customer and Stakeholder Focus

·         Compliance Culture and Conduct

Technical & Behavioral Competencies

·         Ability to analyze, organize and report efficiently

·         Flexibility on working methods and changing international environment

·         Rigorous and reactive to face pressure and reach excellence anytime

·         Diligently follow the set procedures and Compliance policies

·         Knowledge of financial markets and products, and easiness/expertise in dealing with Excel

Specific Qualifications:

• Minimum of 7 years’ experience
• Prior experience in similar domain – Nostro reconciliation, cash & position reconciliation, Daily P & L reconciliation for bank entities.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

·         Reconciliations 

·         Advanced Excel

Behavioral Skills: 

• Ability to deliver / Results driven
• Ability to collaborate / Teamwork

·         Communication skills - oral & written

·         Attention to detail

Transversal Skills:

·         Ability to understand, explain and support change 

·         Analytical Ability

·         Ability to develop others & improve their skills

·         Ability to manage a project

·         Ability to manage / facilitate a meeting, seminar, committee, training

Education Level: Bachelor 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 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.