Associate Level 1

ASSOCIATE LEVEL 1 (JOB NUMBER: CA 000091)

**Job Title**:
Associate Level 1

**Department**:
BSO

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

**Grade**:
(if applicable)

NA

**Number of Direct Reports**:
NA

**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**
- Act as a reference point for the team members and train/guide them through the daily activities.
- Allocate work, set priorities for the day and manage complex tasks in daily operations.
- Perform “checker” functions for all manual activities related to custody functions.
- Responsible to deliver and meet KPI in accordance to the set standard.
- Perform daily controls on team activity as per existing checklists to ensure priorities have been respected and tasks have been correctly performed.
- Escalate to the Team Leader any incident or operational risk.
- Cross-checking information received with other data sources
- Reverting to local sub-custodians to clarify/solve any open issue.
- Analysing the corporate event in order to anticipate any reporting or processing issues.
- Validation of financial information that was setup into the Custody system.
- Collecting and relay any update related to the corporate event on an on-going basis with in the SLA.
- Assist to resolve discrepancies in eligibility reconciliation.
- 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.
- Validation of manual adjustments 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.
- Should do vigilance/screening tasks for manual instruction received from clients.
- 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**
- Good 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.
- 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/validate 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 well versed with the Reflections especially with the functions like CMP, CCV,CCA,CTAK, CVVC etc
- 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/validater the payments (Security & Cash) from MT 566 messages received without error and within specified time bound.
- Should be able to create/validate client instructions and deposit the message with due -diligence and accuracy.
- Should have worked in operational setup with deadline bound tasks.
- 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

Analytica