Assistant Manager- DEC Brokerage

Job Title: Assistant Manager- DEC Brokerage

Date

01st Feb 2024

Department

Dec Clearing – CS Brokerage

Business Line / Function

GMO

Reports To

(Direct)

Manager

Grade

(if applicable)

Associate

(Functional)

Number Of Direct Reports

N/A

Directorship / Registration

NA

Position Purpose

To manage Brokerage function as per give up agreement for the clearing function. Ensure accurate settlements.

Responsible for processing all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.

Undertake a variety of financial and non-financial tasks in order to help guarantee the company's revenues; handle the processing of incoming payments along with the issuing of necessary paperwork.

Responsibilities

Direct Responsibilities

Payable

• Processing accounts and payments in compliance with financial policies and procedures
• Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables data
• Reconcile the accounts receivable ledger to ensure properly posted.
• Execution fee setup in the back office system
• Registration of broker invoices and reconciliation of trades & fees
• Instruction of invoices settlement
• On board process – Establish Give-up agreement
  
  

Receivables

• Receiving and sorting incoming payments
• Managing the status of accounts and balances and identifying inconsistencies
• Issuing invoices
• Assume the responsibility of receiving and sorting incoming payments with attention to credibility
• Update accounts receivable database with new accounts or missed payments
• Ensure all clients remain informed on their outstanding debts and deadlines
• Provide solutions to any relative problems of clients
• Write thorough reports on billing activity with clear and reliable data
• Chasing Paying agent to obtain payments
  
  

Risk Control And Supervision

• Monitor activity progress against the goals and take appropriate corrective action as and when it is required
• Control and ensure that all tasks are processed accurately and on a timely manner
• Identify risk, suggest implementation of a first level of control.
  
  

Contributing Responsibilities

• Deal with client and brokers issues escalated by the team and share it with the management when appropriate
• Participate in client visits and conference calls
• client focus
• Collaborate /Liaise with other BNPP teams/stakeholders.
• Verify discrepancies by and resolve billing issues
• Ensure that procedures are updated and validated on a timely manner
• Perform and updated the status of the assigned tasks in the daily task checklist.
• Review and validation of Give Up Agreement through Egus (or hard copy)
• Breaks analysis and dispute resolution
  
  

Technical & Behavioral Competencies

Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)

• Proven working experience as Accounts Payable / Accounts Receivable domain
• Knowledge of Exchange Traded derivative products /ETD Clearing.
• Strong knowledge of Trade Life Cycle.
• Experience in Brokerage, Derivative clearing functions, settlement functions Middle Office Operation functions within Investment Banking is favorable.
• Flexibility to accommodate business requirements and working hours.
• Good Excel skills required.
  
  

Specific Qualifications (if Required)

Bachelor's degree from a college or university

• Strong Communication skills and client focus oriented
• Fundamental understanding of clearing /Futures & Options markets.
• Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)
  
  

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Communication skills - oral & written

Critical thinking

Creativity & Innovation / Problem solving

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Ability to develop and leverage networks

Education Level

Ability to develop others & improve their skills

Master Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if Required)

Location:

Bangalore

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.