Associate Level I

Job Title:
Associate Level I

Date:
Department:
BSO

**Location**:
Chennai

Business Line / Function:
BSO/Global Custody Corporate Actions & Income

Reports to:
(Direct)

Grade:
(if applicable)

NA

(Functional)

Assistant Manager

Number of Direct Reports:
NA

Directorship / Registration:
**POSITION PURPOSE**:
Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams’ handles sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients.

**Responsibilities**

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

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.

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.

Must act according to protocols defined for Business contingencies (BCP).

**TECHNICAL & BEHAVIORAL COMPETENCIES**:

- Fair knowledge in 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.
- Able to clearly understand and envisage the SWIFT messages (MT564, MT565, MT567, MT568, MT599 etc). The Associate should read through the SWIFT message very comfortably and act on the amendments in the message ( Field - 23C: NEWM / REPL / CANC/ REVR etc)
- Able to setup CA events for the respective teams by analyzing and understanding the SWIFT messages without any error and high standards.
- Should be well versed in corporate actions eligibility rules and analyze whether the particular client / trade is eligible for the CA.
- Should be able to perform the Entitlement and Eligibility reconciliation to forecast the entitlements.
- Should be able to research and analyze the Nostri and Pivot breaks, then acting upon in resolving the breaks.
- Should be able to comfortably process the payments (Security & Cash) from MT 566 messages received without error and within specified time bound.
- Should be able to create instructions (Manual Instructions also) and deposit the message with due -diligence and accuracy.
- Highly motivated and self-driven to meet the management objectives.

**SPECIFIC QUALIFICATIONS (IF REQUIRED)**:
**Skills Referential**

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Ability to collaborate / Teamwork

Attention to detail / rigor

Ability to deliver / Results driven

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Choose an item.

Choose an item.

Education Level:
Bachelor Degree or equivalent

Experience Level

0 - 1 year

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

**PRIMARY LOCATION**

**IN-TN-Chennai**

**JOB TYPE**

**Standard / Permanent**

**JOB**

**OPERATION PROCESSING**

**EDUCATION LEVEL**

**Master Degree or equivalent (> 4 years)**

**EXPERIENCE LEVEL**

**Beginner**

**SCHEDULE**

**Full-time**

**REFERENCE**

**LOC000357**

**APPLY**

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- (REF: LOC000357)