Associate

ASSOCIATE (JOB NUMBER: MO 001766)

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:
Middle Office - Asset Servicing-Corporate actions, Income and Coupon processing
- _

Job Title:
Associate

Date:
Department:
IFSO

**Location**:
Mumbai

Business Line / Function:
Middle Office - Corporate Actions

Reports to:

- (Direct)_

Grade:
(if applicable)
- (Functional)_

Team Leader /Assistant Manager / Deputy Manager

Number of Direct Reports:
Directorship / Registration:
NA

Position Purpose

Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event.

**Responsibilities**

**Direct Responsibilities**
- Cross-checking information received with other data sources.
- Reverting to local sub-custodians to clarify/solve any open issue.
- Analyzing the corporate event to anticipate any reporting or processing issues.
- Setting-up of financial information into the Custody system
- Collecting and relay any update related to the corporate event on an on-going basis.
- Processing the securities reconciliation with sub-custodian’s client positions at the different steps of the event.
- Checking eligible positions of accounts within the local sub-custodian
- Checking that all eligible positions have been instructed at response deadline (for voluntary events X'only)
- Consolidating client instructions (for voluntary events only)
- Advising local market by sending instructions of participation to sub-custodian ((for voluntary events only)
- Checking that instructions of participation have been duly acknowledged by sub-custodian.
- Tracking of the payment date of the event in order to advise clients accordingly
- Processing payment of the event on client’s account upon recovery of cash and/or securities from the local sub-custodian
- Processing foreign exchange orders according to client’s set up.
- Processing any manual adjustment related to c