Manager: Income, Tax & COA 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
Income, Tax & COA

About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.
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.
Job Title:
Manager
Date:
Department:
Global Markets Operations – Securities settlements
Location:
Bangalore
Business Line / Function:
Income, Tax & COA
Reports to:
(Direct)
NA
Grade:
(if applicable)
Manager
(Functional)
Number of Direct Reports:
TBC
Directorship / Registration:
NA

Job Description
Income, Tax & COA
Within CIB ITO Global Market Operations, Incomes and Taxes department belongs to CIB ITO GM Settlement & Accounting – Corporate Actions, Index Tracking, Incomes and Taxes (CA2IT) organization unit and is in charge of tracking and following-up incomes, and related taxes purposes on behalf entities within CIB ITO GM.
Job responsibilities
Incomes and taxes department is specialized in analyzing and operating, in books and records, Incomes (as Dividends or Fixed and Determinable Payments) impacts surrounding business or clients balances. Officer is aimed to capture events; setup related tracking files; determine the economic structure of eligible positions (Buy/sell, Stock Loans, Repos), coordinate impacts across the different business lines and products affected; and ensure reconciliations across key dates until payments/receipts reconciled for accounting purpose.
Main missions are:
Follow-up and notification of information and events’ terms to business lines or external parties.
Ensure the transmission of voluntary elections and options across trading and custodians.
Ensure accuracy of treatment and bookings for events’ operations within the booking and accounting systems.
Follow and resolve any outstanding items in a timely manner with relevant escalation procedure applicable and compliance duties.
Process incomes and stocks payments and claims for receivables toward any external parties in alignment with group guidelines policies for any wire forms.
Ensure the right fiscal model is applied along the different records and until finance.
Produce reporting and provide evidences toward fiscal authorities in respect of withholding taxes applied on proceeds.

Core tasks :
Follow and capture events announcements across all markets.
Analyze terms and transmit summary notifications to trading or clients.
Keep on enriching relations with the business lines representative and network agents.
Respect any timeline and deadline cutoffs
Control books and records at the different stages of events and until paydate.
Follow and report any outstanding items (deposit breaks or cash breaks)
Keep on documenting all procedures in place to stick market and process evolutions.
Contribute in all control plan protocols according local operational risk policies.
Contribute in precision and accuracy of activity metrics and escalate any relevant problems or success to management on a continuous basis.

Skills & Expectations
Fluent in English (French speaker is a positive aspect)
Compliant with local guidance and conformity policies
Proactive and extremely rigorous
Strong analytics capabilities and problem solving to adapt context
Able to work under pressure and dynamic, evolving environment
Dispose strong team spirit and client focus mindset
Financial markets knowledges

Experience Required
Minimum of 10 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
Attention to detail / rigor
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Choose an item.
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 10 years

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