Manager - Local Custody

Position Purpose

The Custody Corporate Actions Department is very important and critical process, of handling Corporate Actions for the clients globally. The Global custody processing in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Corporate Actions are further divided into Mandatory, Voluntary and DVOP teams.

CA department performs a pivot and critical task of processing and having full control on the daily BAU as per the Standing operating procedure for the particular process / team

Responsibilities

Direct Responsibilities

• Oversee the processing of Corporate Actions, Dividend and Interest Payments.
• Managing the Team and providing training to new Joiners
• Monitoring of Suspense and Nostro Accounts and take appropriate actions to clear breaks.
• Managing daily activities of the back-office for Corporate Action processing.
• As part of Pilote role, coordinate with other team leaders to globally monitor the processing in the Follow The Sun organization,
• Responsible to assist staffs on the HR related issues
• Responsible for the logistics issues management
• Follow-up with the team for the closing of reconciliation breaks.
• Acts to ensure procedures revision, adaptation and validation.
• Participate to UAT of the back-office software for the Corporate Action processing
• Ensure ownership of client instructions and provide reporting to clients for anticipated corporate action issues.
• Participate in regular conference calls with European and Asian Counterparts.
• Establishing communication links with Clients to discuss daily operational & performance issues.
• To assist Head of Custody Operations in undertaking various administrative activities.
• Other ad-hoc duties as may be required from time-to time
• Reverting to market to clarify/solve any open issue.
• Analysing the corporate event in order to anticipate any reporting or processing issues.
• Checking that instructions of participation have been duly acknowledged by market.
• Tracking of the payment date of the event in order to advise clients accordingly
• Processing any manual adjustment related to cash or securities in order to finalize the recovery process
• Justifying any cash or securities breaks 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.
• Perform daily controls on team activity as per existing check lists to ensure priorities have been respected and tasks have been correctly performed.
• Manage any incident or operational risk and priorities applying the existing procedures
• To assist in providing the figures for the monthly KPI
• Must be prepared to work in any shift supporting Asia hours.

Technical & Behavioral Competencies

• Expert knowledge in handling corporate actions and income related events for various instrument types
• Able to understand the SWIFT messages (MT564, MT565, MT566, MT567, MT568, MT599) for Corporate action (Notification / Instruction / Payment)
• Expertise in Using Banking Softwares & overall awareness of using MS Word, Excel, PowerPoint etc.
• 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.
• Strong knowledge in handling corporate actions and income related events for various instrument types