Senior Associate: EE Recons Job Vacancy in BNP Paribas Bengaluru, Karnataka – Updated today

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Full Details :
Company Name : BNP Paribas
Location : Bengaluru, Karnataka
Position :

Job Description : Job Description
Controls and Investigation

About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24×7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals – Information Technology, Operations and Finance Shared Services.
About Business line/Function :
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.
Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope. The Securities Controls & Investigations – Equities team is in charge of ensuring adequate Control & investigation of cash and securities breaks.
Job Title:
Senior Associate
Date:
Department:
Global Markets Operations – SLAB Controls and Investigation
Location:
Mumbai
Business Line / Function:
Controls and Investigation
Reports to:
(Direct)
NA
Grade:
(if applicable)
Senior Associate
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA

Job Description
Controls and Investigation
Position Purpose
Primary responsibilities of the team includes:
Timely investigation and resolution of cash and securities breaks
Mitigation of operational and reputational risk by escalating to the appropriate stakeholders in a timely and efficient manner
Responsibilities
Key Responsibilities:
Responsible for the settlement of Security transactions & associated products booked in internal systems, on a timely and cost effective basis by:
Analysis of cash and securities breaks and ensuring that all breaks are identified and properly allocated
Identification and correct allocation of breaks of different source system such as AGL / ALDOP, Trade Compare tools (Pirum and Equilend)
Investigate FOBO breaks and take all appropriated actions and warnings to solve the breaks.
Identification and follow-up of operational and IT issues related to the activity
Investigations and reporting on ITO demands
Reporting and communication to the impacted stakeholders (FO, BO, IT) and management
Alerts and escalations to the management
Contribute to the minimisation of settlement costs & operational risk:
By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
If necessary, using the escalation process when operational risk is detected
Contribute to the overall successful running of the settlement department:
By maintaining close relationships with Settlement teams and escalating problems to them promptly where required
By communicating with, and assisting, other operational departments where needed
Ensuring direct Managers are kept informed of any potential problems & issues where appropriate
Process improvements and IT enhancements
Contribution to projects related to the efficiency of the processes and systems
Proposing new developments or improvements in the existing chain in order to secure the processes and reduce the operational risk
Contribution to the team development:
Formalization of team procedures and operating guides
Participation of training and coaching for new joiners
Skills and competencies:
Ability to analyse, organize and report efficiently.
Flexibility on working methods and changing international environment.
Rigorous and reactive in order to face pressure and reach excellence anytime
Diligently follow the set procedures and Compliance policies
Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
English speaker
Experience Required
Minimum of 5 years’ experience
Skills Referential
Behavioural Skills: (Please select up to 4 skills) –
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills – oral & written
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Ability to develop and adapt a process
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 5 years
Other/Specific Qualifications (if required)

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