Senior Associate

Position Purpose- Senior Associate will be managing the daily operations/workflow within the business group and helps the Line Manager in achieving the process deliverables.
- Solid functional understanding of the business is recommended along with strong knowledge of products related to Settlement/Corporate Action/Trade Processing. Experience in working with Intellimatch will be an additional attributes.
- The candidate should have hands on experience in cash & securities reconciliation process.
- All static and migrations should be managed with respect to reconciliation requirements.
- Solid technical understanding of the business is expected, including strong knowledge of Intellimatch system.
- Demonstrated commitment to continuous process improvement is a key driver.
- He/ She will be responsible for interacting with Line Managers and the clients of BNP Paribas Group and needs to provide high quality of service to the internal/ external clients.
- He/ She should play a SME role for any complex/ technical issues arise in daily BAU in reconciliation and provide expert advice to other aligned business lines for which reconciliation is performed.
- Regular interaction with the Team Lead/ Assistant Manager of BAU reconciliation for improving the quality of reconciliation produced to business.
- He/ She should be able to articulate well and communicate well across all levels in the organization.
- Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
- Maintain Communication Channels with internal peer groups and business teams.
- Ensure to get cross trained within process and transfer the Knowledge transfer between the team and processes is happening on periodic basis.
- Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
- Ensure to be updated with the procedure document and User Guides. Evaluate and update documented procedures to ensure they are complete, accurate and current.
- Accountable to follow the BCP / BIA documents
- Escalate unresolved open items to the Team lead / Assistant Manager.

-Understand the business structure within BNP, along with the process.

Primary Responsibilities

- Handling the reconciliation process and related activities for Clearing and Custody Services/ Investment Fund Services/ Middle Office Position business respectively.
- Identifying missing balance, trail balance, proof difference and resolving all variances to reach resolution in a timely manner.
- Performing a range of daily, weekly, monthly & quarterly reconciliations across all the business lines.
- Performing a range of daily, weekly, monthly & yearly controls to ensure feeds & related net transactions are in place
- Providing user training as required, improving the understanding of the control aspects of Intellimatch within the business.
- Ensure all activities are performed within agreed timelines.
- Investigating any open breaks and work with business team and any external parties for resolution.
- Identifying the reconciliation deviation/ backlogs in terms of process and having the discussion with BAU Manager to execute the correction process via BAU team.
- Assist with various ad-hoc projects and new initiatives within the team.
- All controls has to be followed, Controls are properly evidenced and complete by each activity
- Escalate unresolved open items to the Team lead / Assistant Manager.
- Preparing the maintenance & control reporting to senior management and audit.
- Should gain knowledge in various Swift Message Types, especially MT940/950 and MT535/536 and ensure to understand the details available in these messages.
- Analyzing the details/ references received in MT940/950 and MT535/536 and liaise with correspondent banks and Sub custodians in order to improve auto matching in Intellimatch.
- Provide on the job training for new recruits, updating job procedures from time to time and collating information on the status and progress of tasks to the onshore location.
- Track and maintain all the issues arising in the process and adhere to proper escalation matrix for resolution.
- Ensure all the process changes are discussed with team and tracked in the tracker appropriately.
- Identify the possibilities and create various rules to increase the percentage for the automatic matching process in Intellimatch.
- Responsible for the internal integrity of the automated reconciliation via Intellimatch.
- Maintaining the static data in Intellimatch databases including new accounts set-ups, department setup, matching rules, and other static data.
- Liaising with other departments to ensure aged breaks are properly commented with the current status and resolved in timely manner.
- Handling all types of rejects batches and formatting the files as per the requirement of Intellimatch. Manual import of files via Recollector
- Defining references in the lookup table to automate assignments and avoid discrepancies in Intellimatch.
- Liaising with IT for any discrepancies or changes in the flat files received for import.
- Building strong control mechanism for reconciliation unit in consultation with manager which should result in mitigating the risk.
- Maintain Communication Channels with internal peer groups, within GSO and with spoke locations.
- Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.

Primary Working Relationships

- The Candidate will report to the Process Lead/Assistant Manager of the process.
- Actively participate in all huddles and internal meetings.
- The position interacts with other Process Associates, Mid Office Staff, Relationship Managers and Clients.
- The position interacts with International Team Members of BNP Group.
Contributing Responsibilities

Working together with Lisbon, Mumbai & Chennai to achieve the vision of SSC.

Work closely with stakeholders to mutually enrich the quality of process and to encourage collaborative efforts in achieving client satisfaction.

Technical & Behavioral Competencies

-College Degree, preferably a Masters degree in Commerce or MBA (Finance)

- Strong verbal and written English skills required.Ability to converse clearly with internal and external staff.
- Minimum 4 years of experience in reconciliation background in investment banking domain and/or prior related industry for a Senior Associate.
- Mandatory hands on experience of reconciliations applications like Intellimatch.

-Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.

-Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

-Proficient in Microsoft Office Applications and strong MS-Word & Excel skills required.

-To be based in Chennai /Mumbai and prepared to travel if required.

-Must be prepared to work in any shift supporting business .

-Identify Operational Risk Areas within the Client Business Revenue Process.

-Supervise, Monitor, Control and Co-ordinate all activities in the department.

Client Focus & Adaptability:

Client Focus:

- Be pro-active in developing customer relations by understanding and responding to customer needs.
- Strive continually for customer satisfaction and focus on Client Delight.
- Commit/Promise only what can be delivered by keeping Banks interest in mind.
- Try to identify the real needs of the customer, including those not necessarily stated.
- Advise/Educate the clients staff on formulation of data which suits to BNP Applications.

Adaptability:

- Always look for ways to improve services and processes
- Be able to adapt to different markets and different clients evolution

Integrity, trust & fairness

- Acts with integrity in all interactions with colleagues, team members and clients.
- Promises only what can be delivered, managing expectations and honors commitments, and, has committed to ethical practices in all interactions and relationships.
- Treats others fairly, showing respect and courtesy.
- Builds trust by responding openly, genuinely and consistently to others.
- Self-motivated and contribute in team bonding activities.

-To be Positive influencer, Flexible, dependable & maintain team spirit

Specific Qualifications (if required)

Skills Referential

Behavioural Skills(Please select up to 4 skills)

Communication skills - oral & written

Organizational skills

Attention to detail / rigor

Ability to collaborate / Teamwork

Transversal

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications Minimum 4 years of relevant experience is ok (4 years not available in the drop down)