Senior Associate - Custody Account Management

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:

The Account Life cycle management team is responsible for the custody client-onboarding by the creation, modification, and closure of client custody accounts/SSI. This includes setting up depositary accounts in various market according to different client instructions, as well as managing various client static setups such as FX, fee schedules, and SWIFT reporting.

Job Title:

Senior Associate

Date:

Department:

Business Implementation

Location:

Chennai

Business Line / Function:

Account life cycle management

Reports to:

(Direct)

Assistant Manager

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

About Business line/Function

The Custody business implementation and account opening team function is a critical component of the Securities Services business model, being first point of contact in regard to transitioning in new business for all clients who may include high net worth and Institutional investors, Corporate Trust and Fund Accounting clients.

Team will be in charge of opening, closing and maintaining of Custody accounts in accordance with SLA’s and BNP Risk Processes.

Responsibilities

Direct Responsibilities

·       Successful completion of Custody account openings, modification & closure as per the client AOF

·       Providing the Custody Market & tax form lodgments where required based on the market requirements

·       Facilitating Custody client FX standing instruction set up and maintenance where required

·       Processing of transitions accurately and on time as required

·       Ensuring successful execution of the Custody transition of assets restructures and successful integration of the client’s holdings.

·       Ensuring the Custody client static are setup ( SWIFT, Internal sites, External Parties) and maintained as per the client needs

·       Addressing the Custody client queries by liaising with various internal and external parties

Contributing Responsibilities

·       To demonstrate a client service ethic in all work produced and in all client interactions

·       Identifying or adapting implemented process change or projects and will apply all existing procedures including the completion of all checklists

·       To respond to all queries by other teams or clients as per SLA

·       Maintain communication to clients and front facing staff where necessary to ensure there is sufficient up to date knowledge in respect of any changes in regulation or policy and procedures

·       Effectively delegating work and supervising the work effectively

·       Updating KPI, MIS, SOP, SLA & facilitating the training for associate

·       Able to multitask and keep calm under pressure

·       Participate to projects whenever needed and to the tasks that may deemed necessary to continue the growth and development of the Organization

·       Ability to make difficult decisions quickly and confidently, and will actively involve others in situations where decisions affect them.

Technical & Behavioral Competencies

·       Technical Capabilities – Macro – VBA, MS Office

·       Organizational Skills - Ability to identify and set priorities, plan and effectively allocate appropriate resources.

·       Stress Management - Ability to work well under pressure or opposition, while maintaining effectiveness and self-control in the midst of any one or combination of stressors, including emotional strain, ambiguity, risk to self and fatigue.

Specific Qualifications (if required)

Skills Referential   

Behavioural Skills : (Please select up to 4 skills)

Ability to collaborate / Teamwork

Decision Making

Organizational skills

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop others & improve their skills

Ability to manage a project

Ability to develop and leverage networks

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

Education Level:

Master Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)

·       Certification in Capital market

·       Certification in MS Excel / VBA

·       Knowledge of the key functional areas in Investment Banking – processes, systems and organization

is a plus

·       Support timing - 3.30 AM IST