Associate L1

ASSOCIATE L1 - LOCAL SETTLEMENT (JOB NUMBER: LOC000320)

**Job Description - Associate (Local Settlements)**

**Job Title**:
Associate

**Date**:
**Department**:
Local Settlements

**Location**:
Chennai

**Business Line / Function**:
BSO

**Reports to**:

- (Direct)_

Assistant Manager

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

**Number of Direct Reports**:
**Directorship / Registration**:
**Position Purpose**

The role of an Associate / Senior Associate in the Local Settlements team requires the person to facilitate settlement of Client trades in the relevant Settlement Centre. The role has a weightage attached to it as the person will have to possess good knowledge of the Trade life cycle & the Clearing and Settlement activity. The person forms the core of the team by performing critical activities that aid in trade settlement. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.

**Responsibilities**

**Direct Responsibilities**

Local Settlements:

- Capturing of client transactions into Settlement system without any error.
- Keeping clients posted on the latest status of their trades with BNP.
- Prematching of the client trades in the clearing houses / Counterparties
- Matching client SSI
- Placing the client’s trades into respective Clearinghouses to enhance the settlements.
- Liaising with the counterparties and various other internal and external stakeholders to enhance the process of settlement.
- Settled positions need to be accounted properly in the client accounts and appropriate reconciliation need to done.
- Cash and positions control checks should be always kept as top priority.
- Calculation of client margins and posting of the same need to be adhered.
- Support the team and other team members in participating in cross training and providing support and coverage during busy periods.
- Knowledge of SWIFT messages MT54X and MT53X and MT2XX
- Knowledge about the OTCT and On-exchange clearing and Settlement.
- Knowledge about the trade life cycle and Settlement centers.

**Technical & Behavioral Competencies**
- Strong Analytical skills.
- Multi-tasking capability.
- MS Office skills (Excel).
- Commitment.
- Interpersonal skills.
- Time management.

**Specific Qualifications **(if required)
- Graduates / Post Graduates (B.Com/MBA Finance preferred).
- Relevant work experience in the Trade settlements / Custody activity.
- Knowledge about Swift messages

**Skills Referential**
**Behavioural Skills:
Ability to collaborate / Teamwork

Communication skills - oral & written

Client focused

Creativity & Innovation / Problem solving

**Transversal Skills**:
Analytical Ability

Ability to understand, explain and support change

**Education Level:
Master Degree or equivalent

**Experience Level**

Beginner

**Other/Specific Qualifications (if required)**

**Job Description - Associate (Local Settlements)**

**Job Title**:
Associate

**Date**:
**Department**:
Local Settlements

**Location**:
Chennai

**Business Line / Function**:
BSO

**Reports to**:

- (Direct)_

Assistant Manager

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

**Number of Direct Reports**:
**Directorship / Registration**:
**Position Purpose**

The role of an Associate / Senior Associate in the Local Settlements team requires the person to facilitate settlement of Client trades in the relevant Settlement Centre. The role has a weightage attached to it as the person will have to possess good knowledge of the Trade life cycle & the Clearing and Settlement activity. The person forms the core of the team by performing critical activities that aid in trade settlement. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.

**Responsibilities**

**Direct Responsibilities**

Local Settlements:

- Capturing of client transactions into Settlement system without any error.
- Keeping clients posted on the latest status of their trades with BNP.
- Prematching of the client trades in the clearing houses / Counterparties
- Matching client SSI
- Placing the client’s trades into respective Clearinghouses to enhance the settlements.
- Liaising with the counterparties and various other internal and external stakeholders to enhance the process of settlement.
- Settled positions need to be accounted properly in the client accounts and appropriate reconciliation need to done.
- Cash and positions control checks should be always kept as top priority.
- Calculation of client margins and posting of the same need to be adhered.
- Support the team and other team members in participating in cross training and providing support and coverage during busy periods.
- Knowledge of SWIFT messages MT54X and MT53X and MT2XX
- Knowledge about the OTCT and On-exchange clearing and Settlement.
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