Number of Applicants
:000+
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.
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 specialised 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
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.
About Business line/Function:
Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.
Job Title:
Senior Associate– RECONCILIATION OFFICER
Date:
Department:
FUND ACCOUTING – RECONCILIATIONS
Location:
CHENNAI/MUMBAI
Business Line / Function:
INVESTMENT AND FUND SERVICES OPERATIONS
Reports to:
(Direct)
ASSISTANT MANAGER/ASSISTANT MANAGER LEAD
Grade:
(if applicable)
NA
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
This role is an entry-level position that requires compulsory formal education with excellent communication skills. In this position, an associate level 1 performs the role of preparer and a part time checker/reviewer and has to deliver the reconciliations done between bank/out of bank assets Vs ledger accounts and save necessary back-up for further assimilation to stakeholders. An associate level 1 will also contribute by bringing in the exuberance, fresh ideas and previous work experience to the table in this fast changing environment.
Responsibilities
§ Acquire complete understanding of the reconciliation process & its related functions with various parties involved. For example: Custody, TA, Pricing, FDS, NAV, Corporate Actions, Transactions processing etc.
§ Ensure reconciliations are completed for each NAV calculation.
§ Should be able to contribute for double checking and review of reconciliations.
§ Completeness of reconciliations includes:
§ Tracking transaction sign-off in e-mail box.
§ Tracking pricing sign-off in e-mail box. (specific for derivatives reconciliations).
§ Identification of breaks.
§ Saving relevant back-ups whenever there are breaks in funds.
§ Closing of reconciliations on reconciliation tool (pControl/Intellimatch).
§ Update time on tracker upon completion of processing of reconciliations (on time).
§ Digital checks to be performed when reconciliation performed manually.
¡ Excellent verbal and written communication.
¡ Strong analytical skills, detail orientation, service commitment, 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.
¡ Should be self-motivated and energetic.
Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets.
Skills Referential
Behavioural Skills :
Communication skills - oral & written
Ability to collaborate / Teamwork
Adaptability
Attention to detail / rigor
Transversal Skills:
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop and adapt a process
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 1 year
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