Associate/l1

ASSOCIATE/L1 (JOB NUMBER: MO 001444)

**Job title**:Senior Associate**
**Department**:Clearing and Custody Services

**Sub-department**:Corporate Actions

**Reports to**:Assistant Manager

**Date**:_Date as on which JD is valid_

**Based at**:Chennai

**_Company background_**:
**_The bank_**:
With a presence in over 80 countries and employing over 200,000 staff, BNP Paribas is one of the biggest banks in the world, ranking highly in its three core business areas: Retail Banking, Corporate and Investment Banking and Investment Solutions.

**_BNP_**_ Paribas Securities Services_**:
A wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is a leading global custodian and securities services provider backed by the strength of a universal bank (rated AA- by Standard and Poor’s). It has USD 5,800 billion assets under custody, USD 1,000 billion assets under administration and administers close to 7000 funds. BNP Paribas Securities Services (Securities Services) has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) with 7,700 employees worldwide representing 92 nationalities, a local presence across 34 countries, 22 proprietary local custody and clearing branches and global coverage of over 100 markets.

**_Securities Services Chennai Hub_**:
One of the three international operations centres, BNP Paribas Sundaram Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Our services include custody operations, fund accounting, middle office operations, static data management, IRP and other transversal services. GSO currently employs about 850 staff with this number set to rise to about 950 by end of 2014.

**_Job summary_**:
**_Key responsibilities and accountabilities_**:

- Cross-checking information received with other data sources
- Reverting to local sub-custodians to clarify/solve any open issue.
- Analyzing the corporate event in order 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-custodians 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 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 cash or securities in order to finalize the recovery process
- Justifying any cash or securities breaks to Control Teams
- is happening on periodic basis.
- Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
- Consistently evaluate and update documented procedures to ensure they are complete, accurate and current.

**_Number of staff supervised:_**:
None

**_Educational qualifications_**:
**Graduation/Post Graduation**:**_Total years of experience_**:
2 to 4 years

**_Relevant years of experience:_**:
**Minimum 2 years**:**_Knowledge and skills required_**:

- Strong knowledge in handling corporate actions and income related events for various instrument types
- Expertise in Using Banking Software’s & overall awareness of using MS Word, Excel, PowerPoint etc.
- Minimum of 2 years and/or prior related industry and operations experience, in Corporate actions Operations (Hands on knowledge of SWIFT & SWIFT Alliance will be an added advantage) of a Multi National Banking Company.
- To be based in Chennai and prepared to travel as required.
- Must be prepared to work in any shift supporting Asia/Americas/European business hours.

**_Job specific competencies_**:
**Client Focus**

Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market.

**Communication**
- Oral_: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience.

**Team Work**

Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members.

**Continuous Improvement and adaptation**
Generate creative solutions to problems, Ability to p