What is this position about?

The Private Capital assistant manager plays a critical role in the Private Capital team. Reporting to the Head of the private capital department, the role provides technical expertise and reviewing function with respect to Private Capital Asset Owner administration services s delivered to the BNP Paribas Client Base.  

The role is responsible for the, output and service delivery of the Private Capital team and will include the provision of technical expertise for all regulatory / statutory change, support business change projects and business improvements process review and provide technical support and input for any process re-engineering. This role will perform an oversight role for the Private Capital Fund Admin/s in the team. 

Primary Role Responsibilities

The operational controls and oversight will include the provision, review and delivery of the following activities: 

·          Oversight and controls for all process, recording and control of capital calls, distributions, and transfers of shares/units.

·          Verification of collected documents with regards to distribution calculations and any other payments towards investors. 

·          Authorisation of and validation of any capital event. 

·          Lead and assist with the new client onboarding, perform as the BAU SME- Private Capital for transitions and projects where needed

·          Review and analysis of documents received in relation to any direct or indirect investments before processing/instructing the related payments.

·          Analysis of transactions’ counterparts from an AML/KYC/FATCA perspective.

·          Lead and deliver in completing all statutory and regulatory reporting requirements across the BNP Paribas Client base.

In addition, Assistant Manager, where required, will actively participate in senior, strategic client meetings along with the Manager or the Head of Private Capital team, and/or Relationship Management and will provide any input requested for the RFP process for New Business in association with the Sales and Relationship Management team and may represent BNP Paribas’ services and product offering as required during the tender and due diligence process. They are subsequently responsible for ensuring the operational implementation of any service delivery changes to meet client needs.

Other contributions

May perform other duties and responsibilities that management may deem necessary from time to time.

INDIVIDUAL LEADERSHIP:

·         Active participation in client and relationship management meetings where required

·         Operational leadership of change incorporating Client requirements, process reviews and providing technical expertise on process re-engineering 

·         Full service delivery in line with the clients SLA’s and internal KPI’s

·         Business Implementation – including on boarding of new clients, restructures, product development, statutory and regulatory change

·         Supporting the overall service delivery via cross-team co-operation

·         Act as a conduit of change for business, IT and client projects across the organisation

·         Actively contribute and participate in all Culture and Leadership initiatives

·         Responsibility for ensuring the education, implementation and compliance with BNP Paribas policies

·         Influencing the desired culture of flexibility, accountability and openness to change and leading by example

CLIENT SERVICE:

·         Specifically delivery of client service management; fund accounting and reporting     for Private Capital assets

·         Active participation in client meetings as well as technical escalation point for client issues or changes

·         Plan, lead and govern the End of year financial reporting to meet specific client SLA terms

·         Ensuring implementation of operational risk and legislative requirements in all output

·         Client support for all Private Capital team processes for  BNP Paribas Superannuation, Pension, Sovereign Wealth Fund and Institutional clients

·         Work closely with product specialists and portfolio managers to develop and maintain relationships with existing clients and prospects 

·         Client on-boarding, preparing client communication material, and responses to RFP’s leading to new business generation

COMMERCIAL FOCUS 

·         Analysis, innovation, development and implementation of change and process improvement 

·         Exposure to broad range of investing strategies including Fund of Funds, Direct, Co-Investment 

·         Maintain and monitor the BP2S Risk Control Framework for the services provided to Client, including formal supervision and working closely with Risk and Compliance and Operational Controllers, identifying potential risks and developing controls to mitigate them

·         Through influence and delivery across the business be seen as a Private Capital expert for the IAS team

EXPERIENCE

·         Extensive  experience within the financial services industry

·         Proven track record within Fund Administration 

·         Proven change management and process improvement capability 

·         Competent strategic thinker with the ability to create and implement solutions

·         Ability to foster and maintain strong interpersonal relationships both internally and externally

·         The Assistant Manager Private Capital team requires an individual with a strong technical background in Fund Administration incorporating all aspects of valuation of Private Capital assets, unit pricing, tax , accounting and     reporting

The candidate needs to understand the role which Investment Administration plays within the broader organisation and thereby understand the bigger picture of impacts and influences Investment Administration have with its stakeholders.  

It is important that the candidate is able to respond in professional manner to Clients, BNP Paribas staff, colleagues and executives, ensuring always that the reputation of the department and BNP Paribas is enhanced by their actions.  The candidate will require excellent communication skills both written and oral. This individual should have a strong work ethic and a commitment to excellence in their work.

What is required for you to succeed?

The sum of every kind of knowledge, skill and experience that is required for fully competent job performance. The minimum requirements for the job. Types of information can include:

•           Business acumen - Identifies potential opportunities to maximise business growth. 

•           Change management - Displays flexibility to change and is open to new ideas.  Encourages others to be open to innovation.  Values feedback and gives people scope and confidence to generate ideas

•           Client Focus - Complete commitment to provide professional, insightful and timely responses to our clients’ needs and to changes in the market

•           Collaborative approach - Supports and shows respect for others.  Puts people first, and works effectively with individuals, teams and clients.

•           Impact & influence - Creates a positive and professional impact on others.     Exhibits persuasive representation of team and business objectives.

•           Individual Leadership - Adjusts behavior to accommodate tasks, situations and individuals. Role models the organisational values at all times.

•           Risk awareness - Adheres to the organisation’s processes and procedures.     Demonstrates a good understanding of compliance issues and implements work practices that minimise operational and reputational risk

About BNP PARIBAS

As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance. 
 
 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 au.nz.recruitment@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