Associate Level I

ASSOCIATE LEVEL I (JOB NUMBER: BNP024044)

**Job Description - APAC**

Job Title:
ASSOCIATE LEVEL 1

Date:
Department:
SSC

**Location**:
Mumbai

Business Line / Function:
RECONCILIATION

Reports to:

- (Direct)_

Grade:
(if applicable)
- (Functional)_

AM / AM LEAD

Number of Direct Reports:
N/A

Directorship / Registration:
**BNPP Group:

- **

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. 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 protection insurance.

**BNPPGSO:

- **

BNP Paribas Global Securities Operations is a wholly owned subsidiary of BNP Paribas Securities Services. Situated in Chennai and Mumbai, it supports provides 24X7 support for all Securities Services Operations across locations and caters to institutional clients. GSO is one of the three International Operating Centre’s catering to all businesses of Securities Services. Counting close to 2000 employees, GSO drives change within Securities Services and delivers a full range of timely and accurate operational processes for our clients.

Position Purpose
- Associate Level 1 will be managing the daily operations/workflow within the business group and helps the Line Manager in achieving the process deliverables.
- Solid functional understanding of the business is recommended along with strong knowledge of products related to Settlement/Corporate Action/Trade Processing. Experience in working with Intellimatch will be an additional attributes.
- All static and migrations should be managed with respect to reconciliation requirements.
- He/ She will be responsible for interacting with Line Managers and the clients of BNP Paribas Group and needs to provide high quality of service to the internal/ external clients.
- Regular interaction with the Team Lead/ Assistant Manager of BAU reconciliation for improving the quality of reconciliation produced to business.
- He/ She should be able to articulate well and communicate well across all levels in the organization.
- Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
- Maintain Communication Channels with internal peer groups and business teams.
- Ensure to get cross trained within process and transfer the Knowledge transfer between the team and processes is happening on periodic basis.
- Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
- Ensure to be updated with the procedure document and User Guides. Evaluate and update documented procedures to ensure they are complete, accurate and current.
- Escalate unresolved open items to the Team lead / Assistant Manager.
- Understand the process risks and escalation of high-risk breaks to stakeholders for resolutions

**Responsibilities**

**Direct Responsibilities**

**Primary Responsibilities**
- Handling the reconciliation process and related activities for Clearing and Custody Services/ Investment Fund Services/ Middle Office Position business respectively.
- Identifying missing balance, trial balance, proof difference and resolving all variances to reach resolution in a timely manner.
- Performing a range of daily, weekly, monthly & quarterly reconciliations across all the business lines.
- Performing a range of daily, weekly, monthly & yearly controls to ensure feeds & related net transactions are in place
- Providing user training as required, improving the understanding of the control aspects of Intellimatch within the business.
- Investigating any open breaks and work with business team and any external parties for resolution.
- Identifying the reconciliation deviation/ backlogs in terms of process and having the discussion with BAU Manager to execute the correction process via BAU team.
- Assist with various ad-hoc projects and new initiatives within the team.
- Escalate unresolved open items to the Team lead / Assistant Manager.
- Should gain knowledge in various Swift Message Types, especially MT940/950 and MT535/536 and ensure to understand the details available in these messages.
- Analyzing the details/ references received in MT940/950 and MT535/536 and liaise with correspondent banks and Sub custodians in order to improve auto matching in Intellimatch.
- Provide on the job training for new recruits, updating job procedures from time to time and collating information on the status and progress of tasks to the onshore location.
- Track and