Associate Level 1 - Bnp Paribas - Chennai - Wizbii

Associate Level 1

  • Par Bnp Paribas
  • Chennai (India)
  • Audit / Comptabilité
2018-07-18T09:13:13+0000

Description de l'offre

BNP Paribas Global Securities Operations – Job Description


Business Line : Market & Financing Services
Team : principal lending
Designation : associate level i

Company background

The bank for a changing world
With strong roots anchored in Europe's banking history dating back to 1848, BNP Paribas supports its clients and employees in today's changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world's largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.

A leading global custodian and securities services provider
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.

About BNP Paribas in Asia Pacific (www.apac.bnpparibas)
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, BNP Paribas 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.

Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you're valued as part of our team!

Global Securities Operations
One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.

Job summary

Roles & Responsibilities

· Ensure timely creation of files in CAT where open positions are impacted by a dividend or coupon payment for London, Paris, Milan and Frankfurt desks SLAB dividends.
· To print all agent swifts/dace et al and ensure a live file is set up accurately with the data provided.
· Ensure files are updated with accurate dividend information.
· Ensure accurate locking of positions for all files under your responsibility on the relevant dates.
· Ensure all claims on open loaned positions are issued in a timely basis to ensure receipt of funds for good value.
· Ensure all accounting entries are accurately processed and checked before posting.
· Ensure any open control account balances are investigated, and cleared in a timely fashion or accurate comments explaining the item added.
· Ensure that all open receivable items are regularly chased, and report any reason for late payment.
· Ensure all payable items are closely monitored. Contact clients who have not issued a valid claims and escalate any anomalies.
· Ensure all manufactured dividend rates maintained in Alaris accurately reflect amounts paid / received. Where there are discrepancies and the rate is changed, ensure the necessary changes are made in Alaris.
· Ensure all Tax accounting is accurately posted.
· Process any tax recoverable claims/monitor receipt of the tax recoverable.
· On the London desk ensure that the correct tax documentation is in place (MOD/APP C) before making any payments out .
· Process any withholding tax for clients who cannot provide correct tax docs (with regard to US tax and AUKI tax).
· Record all US sourced income and ensure that all clients have a valid W series form for the dividend rate claimed.
· Ensure that any weekend pay dates are carried forward to the next working day
· Ensure that the monthly SX1 file is populated with all data/forms in a timely manner.
· Ensure all information relating to tax reporting is accurately updated on the “accounting for Tax “spreadsheet.
· Send daily in a timely manner exclusive client dividends data for agreement/payment.
· Ensure hardcopy front sheets are produced for each file, and all documentation is in place prior to closure of file.
· Cross train with other members of the dividends team to cover holidays and other absences if required.
· Ensure all internal and external enquiries are replied to on the same day they are raised.
· Ensure all outstanding nostro items relating to SLAB/CM dividends are cleared or explained on a daily basis.
· Ensure the SLAB Middle Offices are advised of all bond positions with a forthcoming coupon
· To send the record date +7 report
· Ensure the SLAB Middle Offices are advised of all long equity positions impacted by a dividend on SLAB accounts as soon as announcement is received
· Ensure all files for the tax dept are handed over on a monthly basis..
· Produce a daily report of all outstanding SLAB dividends account balances. (Accruals, Control Accounts, Receivables and Payables) – Daily Stats
· Regularly agree and post P+L with the traders
· Send monthly P+L reports to the business
· Perform daily reconciliation of LAP/SDE balances.
· Ensure that all outstanding stats have full narratives (nostros – pay – rec et al)
· Send monthly front sheets to the project team for client profitability project.
· To send the traders and Middle Offices a daily list of all Dividends with Record Date in the next 5 days (RD+5).
· To send the traders and Middle Offices a daily list of all p/l entries posted against their books.
· To send the traders and Middle Office a daily list of long depot positions that are paying a dividend
· To check all Euroclear, Clearstream & DTC a/c's for positions & relevant information.
· To send the traders & Middle office a daily list for agreement & approval of dividends / coupons on pd & pd-1 where we pay / receive to / from ‘Exclusive Clients'
· Ensure that the central e mail accounts are monitored daily with a final check before leaving for the day.
· Provide cover and training as and when required.
Knowledge and skills required

· 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
· Proficient in Microsoft Office Applications and strong MS Excel skills required.
· Knowledge on Corporate Actions and Dividend, global markets
· Knowledge on Settlement
· Knowledge in cash and stock reconciliation
· Knowledge in Intellimatch system

Job requirements

Educational qualification : Graduation with specialization in Commerce or Finance

Total years of experience : 1-2 years


Relevant years of experience : Minimum of 1 year

Profil recherché

Qualifications :

BNP Paribas Global Securities Operations – Job Description


Business Line : Market & Financing Services
Team : principal lending
Designation : associate level i

Company background

The bank for a changing world
With strong roots anchored in Europe's banking history dating back to 1848, BNP Paribas supports its clients and employees in today's changing world and has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. The Group serves nearly 32 million individual customers and 1 million professionals, entrepreneurs, small and medium-sized enterprises and large corporate clients in its retail-banking networks. With over 189,000 employees representing 150 nationalities across 75 countries, BNP Paribas is one of the world's largest banks, ranking highly in both Retail Banking Services and Corporate and Institutional Banking. The Group has had a presence in India for over 150 years having established its first branch in Kolkata, in 1860. With this unparalleled experience of the Indian market, it is among the leading corporate banks in the country.

A leading global custodian and securities services provider
BNP Paribas Securities Services, a wholly-owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider, backed by the strength of a universal banking group. Our mission is to protect and secure assets for all actors of the investment cycle: buy-side, sell-side and issuers. A part of the Corporate and Institutional Banking business of the Group, it has USD 8,770 billion assets under custody, USD 2,074 billion assets under administration and administers over 10,000 funds. BNP Paribas Securities Services has a unique multi-local model, servicing both the buy-side (the institutional investors and the fund managers) and sell-side (the broker-dealers community and the banks) providing a global coverage of over 100 markets through 9,500 employees worldwide across 34 countries.

About BNP Paribas in Asia Pacific (www.apac.bnpparibas)
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, BNP Paribas 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.

Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you're valued as part of our team!

Global Securities Operations
One of the three international operations centres, BNP Paribas Global Securities Operations (GSO) provides services to global clients in the Asian region and some “follow-the-sun” activities for European clients. Wholly owned by BNP Paribas Securities Services, the GSO centre offers a wide range of services which include custody operations, fund accounting, middle-office operations, static data management, clearing and settlement operations and other transversal services.

Job summary

Roles & Responsibilities

·  Ensure timely creation of files in CAT where open positions are impacted by a dividend or coupon payment for London, Paris, Milan and Frankfurt desks SLAB dividends.
·  To print all agent swifts/dace et al and ensure a live file is set up accurately with the data provided.
·  Ensure files are updated with accurate dividend information.
·  Ensure accurate locking of positions for all files under your responsibility on the relevant dates.
·  Ensure all claims on open loaned positions are issued in a timely basis to ensure receipt of funds for good value.
·  Ensure all accounting entries are accurately processed and checked before posting.
·  Ensure any open control account balances are investigated, and cleared in a timely fashion or accurate comments explaining the item added.
·  Ensure that all open receivable items are regularly chased, and report any reason for late payment.
·  Ensure all payable items are closely monitored. Contact clients who have not issued a valid claims and escalate any anomalies.
·  Ensure all manufactured dividend rates maintained in Alaris accurately reflect amounts paid / received. Where there are discrepancies and the rate is changed, ensure the necessary changes are made in Alaris.
·  Ensure all Tax accounting is accurately posted.
·  Process any tax recoverable claims/monitor receipt of the tax recoverable.
·  On the London desk ensure that the correct tax documentation is in place (MOD/APP C) before making any payments out .
·  Process any withholding tax for clients who cannot provide correct tax docs (with regard to US tax and AUKI tax).
·  Record all US sourced income and ensure that all clients have a valid W series form for the dividend rate claimed.
·  Ensure that any weekend pay dates are carried forward to the next working day
·  Ensure that the monthly SX1 file is populated with all data/forms in a timely manner.
·  Ensure all information relating to tax reporting is accurately updated on the “accounting for Tax “spreadsheet.
·  Send daily in a timely manner exclusive client dividends data for agreement/payment.
·  Ensure hardcopy front sheets are produced for each file, and all documentation is in place prior to closure of file.
·  Cross train with other members of the dividends team to cover holidays and other absences if required.
·  Ensure all internal and external enquiries are replied to on the same day they are raised.
·  Ensure all outstanding nostro items relating to SLAB/CM dividends are cleared or explained on a daily basis.
·  Ensure the SLAB Middle Offices are advised of all bond positions with a forthcoming coupon
·  To send the record date +7 report
·  Ensure the SLAB Middle Offices are advised of all long equity positions impacted by a dividend on SLAB accounts as soon as announcement is received
·  Ensure all files for the tax dept are handed over on a monthly basis..
·  Produce a daily report of all outstanding SLAB dividends account balances. (Accruals, Control Accounts, Receivables and Payables) – Daily Stats
·  Regularly agree and post P+L with the traders
·  Send monthly P+L reports to the business
·  Perform daily reconciliation of LAP/SDE balances.
·  Ensure that all outstanding stats have full narratives (nostros – pay – rec et al)
·  Send monthly front sheets to the project team for client profitability project.
·  To send the traders and Middle Offices a daily list of all Dividends with Record Date in the next 5 days (RD+5).
·  To send the traders and Middle Offices a daily list of all p/l entries posted against their books.
·  To send the traders and Middle Office a daily list of long depot positions that are paying a dividend
·  To check all Euroclear, Clearstream & DTC a/c's for positions & relevant information.
·  To send the traders & Middle office a daily list for agreement & approval of dividends / coupons on pd & pd-1 where we pay / receive to / from ‘Exclusive Clients'
·  Ensure that the central e mail accounts are monitored daily with a final check before leaving for the day.
·  Provide cover and training as and when required.
Knowledge and skills required

·  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
·  Proficient in Microsoft Office Applications and strong MS Excel skills required.
·  Knowledge on Corporate Actions and Dividend, global markets
·  Knowledge on Settlement
·  Knowledge in cash and stock reconciliation
·  Knowledge in Intellimatch system

Job requirements

Educational qualification : Graduation with specialization in Commerce or Finance

Total years of experience : 1-2 years


Relevant years of experience : Minimum of 1 year

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À propos de Bnp Paribas

Acteur majeur de BNP Paribas la Banque de Détail en France (BDDF) place la satisfaction client et la capacité d'innovation au cœur de son modèle commercial. Son dispositif commercial se compose d'Agences dédiées aux particuliers et entrepreneurs de Centres de Banque Privée de Centres d'Affaires Entreprises d'une Banque en Ligne et de Centres spécialisés en charge du Traitement des Opérations. Le réseau d'agences accompagne ses clients particuliers et professionnels dans leurs projets que ce soit en termes de banque au quotidien ou de projets plus complexes avec pour objectif de chaque instant leur pleine satisfaction.   Nous rejoindre c'est partager notre volonté de servir nos clients Vous suivrez une formation bac+5 et souhaitez travailler en conseil financier auprès d'une clientèle avertie ?  Dans le cadre d'une convention de stage de fin d'études nous vous préparons à devenir Conseiller Patrimonial   Le Conseiller Patrimonial est responsable de la gestion et du développement d'un portefeuille de clients particuliers et/ou professionnels. Il est l'interlocuteur privilégié en charge de leurs intérêts financiers juridiques et fiscaux.

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