Associate Level 1 - FA NAV / Reconciliation

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 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 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business line/Function:

Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.

Job Title:

Senior Associate- RECONCILIATION OFFICER

Date:

Department:

FUND ACCOUTING – RECONCILIATIONS

Location:

CHENNAI/MUMBAI

Business Line / Function:

INVESTMENT AND FUND SERVICES OPERATIONS

Reports to:

(Direct)

ASSISTANT MANAGER/ASSISTANT MANAGER LEAD

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

This role is an entry-level position that requires compulsory formal education with excellent communication skills. In this position, an associate level 1 performs the role of preparer and a part time checker/reviewer and has to deliver the reconciliations done between bank/out of bank assets Vs ledger accounts and save necessary back-up for further assimilation to stakeholders. An associate level 1 will also contribute by bringing in the exuberance, fresh ideas and previous work experience to the table in this fast changing environment.

Responsibilities

Direct Responsibilities

§ Acquire complete understanding of the reconciliation process & its related functions with various parties involved. For example: Custody, TA, Pricing, FDS, NAV, Corporate Actions, Transactions processing etc.

Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types.

Ensure all reconciliation breaks in cash, shares, securities and derivatives are identified, investigated, followed-up and commented (as per standard commentary format) for each NAV calculation.

§ Ensure reconciliations are completed for each NAV calculation.

§ Should be able to contribute for double checking and review of reconciliations.

§ Completeness of reconciliations includes:

§ Tracking transaction sign-off in e-mail box.

§ Tracking pricing sign-off in e-mail box. (specific for derivatives reconciliations).

§ Identification of breaks.

§ Saving relevant back-ups whenever there are breaks in funds.

§ Closing of reconciliations on reconciliation tool (pControl/Intellimatch).

§ Update time on tracker upon completion of processing of reconciliations (on time).

§ Digital checks to be performed when reconciliation performed manually.

Adhere to quality SLA of 99% & above while performing reconciliations.

Adhere to timeliness SLA of 95% & above while performing reconciliations.

There should be no comebacks from NAV teams on the reconciliations performed.

There should be no incidents logged on reconciliations performed.

Regular follow-up on aged breaks to be done diligently and should be highlighted to supervisor for further escalation in case break not cleared.

Contributing Responsibilities

Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.

Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios.

Monitor the respective group mail box and respond efficiently to the queries.

Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves.

Technical & Behavioral Competencies

Excellent verbal and written communication.

Strong analytical skills, detail orientation, service commitment, 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 Excel skills required.

Should be self-motivated and energetic.

Specific Qualifications (if required)

Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets.

Skills Referential

Behavioural Skills:

Communication skills - oral & written

Ability to collaborate / Teamwork

Adaptability

Attention to detail / rigor

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to develop and adapt a process

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

Schedule: Full-time