Assistant Manager - Reconciliation and Control
BNP Paribas · Not specified · onsite · Posted 65d ago
Not disclosedFresherfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Department: Asset Management – Investment Operations
About Business line/Function: Asset Management – Reconciliation
Position Purpose
BNP Paribas Asset Management is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards its clients. These funds & mandates are managed by Portfolio Managers, who are based in different locations across the globe.
Investment Operations is responsible for handling and monitoring all services, in order that the Portfolio Managers can manage daily their portfolios.
The role of Reconciliations within operations, is essential to ensure that all information in our position keeping tools is accurate and in line with service providers and client expectations. As a Reconciliation administrator, you will be responsible for providing to client's precise data by identifying any potential discrepancies in cash and positions and investigating accordingly.
The team being responsible for the general quality of the position keeping, additional controls are performed in the team to make sure valued positions are correct. By performing controls such as Profit-and-Loss control, we make sure users like portfolio managers work with correct data.
In this framework, the reconciliation team is also in charge of validating the data available in our Position Keeping tool: Monitoring and validating portfolio valuations of institutional clients (mandates) on reporting dates. You will need to publish the valuations to downstream applications; control the valuation plausibility of the mandates with a reference benchmark; investigate and analyse errors shown in the control reports etc.
Contribute to a continuous improvement of processes.
Responsibilities
Direct Responsibilities
¡ Review, validate & oversee the daily Cash, ETD & Securities reconciliation between bank statements received from custodians / various clearing agents versus our position-keeping tool and the cash publish activity are performed with the stipulated time & accuracy.
¡ Liaise with portfolio managers, service providers and various teams within Ops to maintain the accuracy as per the specification in our position-keeping tool. Update internal reports and monitor outstanding breaks in cooperation with custodians, accountants, clearers and teams within investment Ops.
¡ In line with client requests, compile and prepare reports at various frequencies throughout the month by adhering to the SLA. Provide a monthly validation for reporting via the green light process confirming all data on our accounts are accurate.
¡ Maintain good rapport with internal/external clients & participate in regular conference calls with counterparts.
¡ Adhere to procedure, controls & checks and ensure that the team is following the same. Also, ensure to highlight/implement new controls and checks wherever required.
¡ Document root‑cause analysis and corrective actions; drive remediation to closure within agreed timelines.
¡ Identify automation opportunities (RPA, macro‑based tools, API feeds) to reduce manual effort and increase accuracy.
¡ Conduct periodic training sessions on process updates and internal control changes.
¡ Maintain and continuously improve SOPs, control matrices, and validation checklists.
¡ Support business‑continuity testing and disaster‑recovery exercises for reconciliation environments.
¡ Support Management - in undertaking various administrative activities & other ad-hoc duties may be required from time to time.
¡ Must be prepared to work in any shift supporting Asia/European business hours.
Contributing Responsibilities
¡ Daily Cash & Position Reconciliation
¡ Additional Position Keeping controls including mandate accounting sign-off
¡ Break Identification
¡ Root‑Cause Analysis
¡ Resolution & Documentation
¡ Escalation
Technical & Behavioral Competencies
¡ Problem solving skills
¡ Strong organization skills and rigorous
¡ Good communication skills and strong client focus
Specific Qualifications
¡ Graduates (Finance preferred)
¡ Candidates should be willing and flexible to work in any shifts
Technical Skills
Skills Referential (Required knowledge, skills and abilities):
¡ Exposure to basic Microsoft tools like Excel, PowerPoint, Word, Outlook.
¡ Familiarity with custodial and clearing systems
¡ Knowledge of Investment Banking and its Trade Life Cycle
Behavioral Skills
¡ Active Listening
¡ Adaptability
¡ Ability to share/pass on knowledge
¡ Attention to detail
Education Level: Bachelor's degree or Equivalent
Location: Chennai
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 specialized 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, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and 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.
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.
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, color, 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. 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: Asset Management – Reconciliation
Position Purpose
BNP Paribas Asset Management is part of BNP Paribas Group and is responsible for the process of managing and monitoring assets, on behalf of individual and corporate clients. BNPP AM offers funds and mandates towards its clients. These funds & mandates are managed by Portfolio Managers, who are based in different locations across the globe.
Investment Operations is responsible for handling and monitoring all services, in order that the Portfolio Managers can manage daily their portfolios.
The role of Reconciliations within operations, is essential to ensure that all information in our position keeping tools is accurate and in line with service providers and client expectations. As a Reconciliation administrator, you will be responsible for providing to client's precise data by identifying any potential discrepancies in cash and positions and investigating accordingly.
The team being responsible for the general quality of the position keeping, additional controls are performed in the team to make sure valued positions are correct. By performing controls such as Profit-and-Loss control, we make sure users like portfolio managers work with correct data.
In this framework, the reconciliation team is also in charge of validating the data available in our Position Keeping tool: Monitoring and validating portfolio valuations of institutional clients (mandates) on reporting dates. You will need to publish the valuations to downstream applications; control the valuation plausibility of the mandates with a reference benchmark; investigate and analyse errors shown in the control reports etc.
Contribute to a continuous improvement of processes.
Responsibilities
Direct Responsibilities
¡ Review, validate & oversee the daily Cash, ETD & Securities reconciliation between bank statements received from custodians / various clearing agents versus our position-keeping tool and the cash publish activity are performed with the stipulated time & accuracy.
¡ Liaise with portfolio managers, service providers and various teams within Ops to maintain the accuracy as per the specification in our position-keeping tool. Update internal reports and monitor outstanding breaks in cooperation with custodians, accountants, clearers and teams within investment Ops.
¡ In line with client requests, compile and prepare reports at various frequencies throughout the month by adhering to the SLA. Provide a monthly validation for reporting via the green light process confirming all data on our accounts are accurate.
¡ Maintain good rapport with internal/external clients & participate in regular conference calls with counterparts.
¡ Adhere to procedure, controls & checks and ensure that the team is following the same. Also, ensure to highlight/implement new controls and checks wherever required.
¡ Document root‑cause analysis and corrective actions; drive remediation to closure within agreed timelines.
¡ Identify automation opportunities (RPA, macro‑based tools, API feeds) to reduce manual effort and increase accuracy.
¡ Conduct periodic training sessions on process updates and internal control changes.
¡ Maintain and continuously improve SOPs, control matrices, and validation checklists.
¡ Support business‑continuity testing and disaster‑recovery exercises for reconciliation environments.
¡ Support Management - in undertaking various administrative activities & other ad-hoc duties may be required from time to time.
¡ Must be prepared to work in any shift supporting Asia/European business hours.
Contributing Responsibilities
¡ Daily Cash & Position Reconciliation
¡ Additional Position Keeping controls including mandate accounting sign-off
¡ Break Identification
¡ Root‑Cause Analysis
¡ Resolution & Documentation
¡ Escalation
Technical & Behavioral Competencies
¡ Problem solving skills
¡ Strong organization skills and rigorous
¡ Good communication skills and strong client focus
Specific Qualifications
¡ Graduates (Finance preferred)
¡ Candidates should be willing and flexible to work in any shifts
Technical Skills
Skills Referential (Required knowledge, skills and abilities):
¡ Exposure to basic Microsoft tools like Excel, PowerPoint, Word, Outlook.
¡ Familiarity with custodial and clearing systems
¡ Knowledge of Investment Banking and its Trade Life Cycle
Behavioral Skills
¡ Active Listening
¡ Adaptability
¡ Ability to share/pass on knowledge
¡ Attention to detail
Education Level: Bachelor's degree or Equivalent
Location: Chennai
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 specialized 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, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and 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.
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.
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, color, 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. 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.
Sourced from foundit
Skills
rpatrade life cycleClearing systemsAPI feedsInvestment Banking
About BNP Paribas
BNP Paribas
Banking
13k+
employees
1848
178 years old
France
headquarters
About
A prominent banking institution in the Eurozone, offering a range of financial services and support to clients within a rapidly evolving economic landscape.
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