Updating Results

BNP Paribas India

  • 1,000 - 50,000 employees

Associate - Clearing & Custody Services (Global Custody)

India, Chennai
BNP Paribas is hiring for an Associate for its BSO department.

Opportunity details

Opportunity Type
Graduate Job

Application dates

Applications Open
12 Aug 2021
Applications Close
15 Sep 2021

Minimum requirements

Accepting International Applications
No
Qualifications Accepted
B
Accounting, Commerce & Finance
Actuarial Studies
Business Administration & Management
Economics
Human Resources
Leisure, Hospitality, Tourism & Retail
Marketing, Advertising & Public Relations
Transport, Logistics & Procurement
C
Communication & Media Studies
Fashion Design
Film & TV
Fine Arts
Graphic Design & Visual Arts
Journalism & Writing
Music & Performing Arts
Photography
Creative Arts (all other)
E
Aerospace Engineering & Aviation
Automotive & Transport Engineering
Chemical Engineering
Civil Engineering & Construction
Communications Engineering
Electrical & Electronic Engineering
Engineering Management
Environmental Engineering
Fire & Safety Engineering
Geomatic Engineering
Manufacturing Engineering
Marine Engineering
Materials Engineering
Mathematics & Statistics
Mechanical Engineering
Mining Engineering
Petroleum Engineering
Renewable Energy Engineering
Robotics & Mechatronics Engineering
Engineering & Mathematics (all other)
Geotechnical Engineering
F
Food & Hospitality
Personal Services
G
General Skills & Pathways
H
Anthropology & Geography
Classics
Criminology
Development, Migration & Gender
Archaeology & History
International Studies
Languages, Literature & Linguistics
Librarianship & Curatorial Studies
Philosophy
Politics & Policy Studies
Social Work & Sociology
Theology & Comparative Religion
Humanities (all other)
Social Science (all other)
Liberal Arts
I
Artificial Intelligence
Bioinformatics
Computer Graphics & Animation
Computer Science (all other)
Computer Systems and Networks
Cyber Security
Data Science
Programming & Software Engineering
Video Game Development
Design & User Experience
L
Justice & Law Enforcement
Law
Legal Studies
M
Audiology & Speech Pathology
Biomedical Science
Chiropractic & Osteopathy
Dentistry & Dental Science
Exercise & Sports Science
Health Administration
Medicine & Medical Science
Naturopathy, Acupuncture & Complementary Medicine
Nursing & Midwifery
Nutrition & Dietetics
Occupational Therapy
Optometry, Ophthalmology & Orthoptics
Paramedic Science
Pharmacy & Pharmacology
Physiotherapy & Rehabilitation
Podiatry
Public Health
Radiography
Medical & Health Sciences (all other)
Medical Technology
Psychology & Counselling
P
Architecture & Interior Design
Building & Construction
Property, Land & Real Estate
Quantity Surveying
Sustainable Development
Urban Design & Town Planning
S
Agricultural Science & Management
Biochemistry
Biology
Chemistry
Earth Sciences
Ecology & Evolution
Environmental Science
Food Science
Forensic Science
Genetics
Geology
Laboratory Technology
Marine Science
Physics & Astronomy
Veterinary Science
Sciences (all other)
Spatial Science
T
Curriculum Studies
Early Childhood Education
General Education Studies
Primary Teaching
Secondary Teaching
Special Education
Tertiary Education
TESOL
Vocational Education & Training
T
Building
Carpentry
Heating, Ventilation & Cooling
Flooring, Plastering & Tiling
Plumbing & Gasfitting
Bricklaying & Stonemasonry
Electrical
Glass & Glazing
Landscaping & Horticulture

Hiring criteria

Entry Pathway

See details

Job Description

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 action team handles the processing of Corporate action events to the client with accuracy.

Responsibilities

Direct 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 updates related to the corporate event on an ongoing 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)
  • Checking that instructions of participation have been duly acknowledged by the sub-custodian.
  • Tracking of the payment date of the event in order to advise clients accordingly
  • Processing payment of the event on the client’s account upon recovery of cash and/or securities from the local sub-custodian
  • 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.

Technical & Behavioral Competencies

  • Fair knowledge in corporate actions and income-related events for various instrument types                                                                                                                  
  • Expertise in Using Banking Software & 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 set up CA events for the respective teams by analyzing and understanding the SWIFT messages without any error and high standards.
  • Fair understanding of the usage and implications of the Applications like NCS, Sunrise, Reflections, Intellimatch, MIDAS, and ISISET and apply it in daily BAU when required.
  • 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
  • Highly motivated and self-driven to meet the management objectives.

 Behavioral Skills

  • Ability to collaborate / Teamwork
  • Attention to detail / rigor
  • Communication skills - oral & written.
  • Adaptability.

Transversal Skills

  • Ability to understand, explain and support change
  • Analytical Ability
  • Ability to manage a project

Education Level: Bachelor Degree or equivalent

Experience Level: Beginner

 

Hiring criteria

You should have or be completing the following to apply for this opportunity.

Entry Pathway
Degree or Certificate
Minimum Level of Study
Bachelor or higher
Study Field
B
Accounting
Commerce
Finance
Actuarial Studies
Business
Business Administration
International Business
Management
Office Studies
Project Management
Economics
Human Resources
Hospitality Management
Retail & Merchandising
Tourism
C
Communication
Media Studies
Fashion Design
Film & TV
Fine Arts
Graphic Design & Visual Arts
Creative Writing
Journalism
E
Aerospace Engineering
Air Traffic Control
Aircraft Maintenance Engineering
Aircraft Operation & Aviation
Automotive & Transport Engineering
Chemical Engineering
Civil Engineering & Construction
Communications Engineering
Electrical & Electronic Engineering
F
Food and Beverage Service
Butchery
Baking and Pastry-making
Cookery
Food Hygiene
Food & Hospitality (all other)
Beauty Therapy
Hairdressing
Personal Services (all other)
G
General Skills & Pathways
H
Anthropology
Geography
Classics
Criminology
Gender Studies
Indigenous Studies
International Development
Peace & Conflict
Refugees & Forced Migration
Archaeology
History
International Studies