Associate- Global Market

ASSOCIATE- GLOBAL MARKET : CSA TEAM (JOB NUMBER: BNP022398)

**About BNP Paribas Group**:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

**About BNP Paribas India Solutions**:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

**About Business line/Function**:
Securities Asia executes its clients’ orders through its own seats in SEHK. Upon execution of each order, a transaction contract is created between Securities Asia and the client. On the market side, Securities Asia’s transaction contracts with HKSCC, are novated to its designated third party clearer, BP2S and as a result, BP2S becomes the contracting and settlement counterpart of HKSCC in respect of Securities Asia’s market transactions, with Securities Asia becoming responsible for settling its net market obligations with BP2S acting as Securities Asia’s clearer.

For settlements, Securities Asia sends its SIs to BP2S, who on one hand settles Securities Asia’s client’s side transactions for Securities Asia in its capacity as Securities Asia’s custodian and on the other, settles with Securities Asia the CNS positions as Securities Asia’s counterpart.

**Job Title**:
Manager

**Date**:
14/06/2021

**Department**:
COCE Trade and Processing Support

**Location**:
Chennai

**Business Line / Function**:
Agency Settlements

**Reports to**:

- (Direct)_

AVP

**Grade**:
(if applicable)
- (Functional)_

**Number of Direct Reports**:
NA

**Directorship / Registration**:
NA

**Position Purpose**
- Manage instruction and settlement process for Equities.
- Monitor Client Money Segregation
- Projects and Process & control efficiency
- Manage Corporate Action business for Custody clients

**Responsibilities**

**Direct Responsibilities**

**1. Settlements**
- Preparing Settlement Instructions for all Asia Equity Markets.
- Liaising with overseas brokers/custodians over trade-pre-matching issues.
- Communicating with clients and internal offices to ensure trades settlement operations are smooth and accurate.
- Updating static data information at back end related systems.
- Follow up outstanding trades and ensure correctness of record updated.
- Conducting reconciliation and file fail settlement claims against clients and is also responsible for the updating and Maintenance of our internal claiming tool.

**2. FnO Invoicing**
- Ensure give up agreements are updated.
- Perform inputting of give up commission charges rate in STP/ Billing Tool.
- Perform regular checking on Commission rate vs all rated systems.
- Liaising with Front Office/Client to follow-up on Commission invoicing issue.
- Monthly billing invoicing.
- Follow up with outstanding Commission with MO/FO and paying agents.

**3. Client**
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**Services**
- Payments processing
- Bank reconciliation
- Posting journals for accounting

***

**Contributing Responsibilities**
- Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied.
- Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.

**Technical & Behavioral Competencies**
- Bachelor or Master Degree on Economics, Mathematics or Finance
- Good Equity knowledge (theoretical or professional)
- Knowledge on Pre-Matching and settlement of trades
- Good knowledge on Reuters / Bloomberg
- Excellent Microsoft and programming skills (VBA, Excel, Access)
- Analytical mindset: Aptitude to understand financial pricing is needed as to be able to calculate simulatio