Associate- WM SCS Equities & Mutual Fund
BNP Paribas · Mumbai · onsite · Posted 68d ago
Not disclosed3–5 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Title: Associate– SCS Equity and Mutual Fund
Department
: WM - Operations
Business Line / Function: Wealth Management
Wealth Management Operations in ISPL started in 2018, provide back-office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security Masterfile
Position Purpose
The Securities Settlement Specialist Is Responsible For
Direct Responsibilities
Coordinate with counterparties on the settlement of trades for Equities and Mutual Funds.
Process instructions to various custodians for settlement.
Liaise with Front Office / dealers on necessary documentation for trade settlement processing.
Update clients positions in the system.
Follow up and monitor the progress of late and failed trades.
Update the status of failed trades/transfers by the stipulated settlement date.
Compute, advise, and debit clients accounts for relevant trade charges. Update the waiver file if fees are waived.
Handle queries on trade processing from the Front Office.
Ensure procedures and control measures are strictly adhered to.
Perform reconciliation of daily documents received from LBS with their Control Checklist.
Prepare management reports, e.g., quarterly failed trade reports.
Technical & Behavioral Competencies
Technical Skills
Proficiency in MS Office Suite, with advanced Excel skills being highly valuable.
Product knowledge of equity, mutual funds, foreign bonds, and structured products.
Behavioral Skills
Proactive, enthusiastic, and creative with high attention to detail.
Highly collaborative and team-focused, with the ability to interact effectively with a wide range of stakeholders.
Strong risk and control mindset to ensure compliance and operational integrity.
Skills Referential
Behavioral Skills
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to synthesize / simplify
Resilience
Transversal Skills
Ability to understand, explain, and support change
Ability to develop and adapt to a process
Specific Qualifications
Education Level: Bachelor's Degree or equivalent (3 years) in Business, Finance, or a related field.
Experience Level: At least 3-5 year of relevant experience in a similar domain.
Location
: Mumbai
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, 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.
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, 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. 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.
Department
: WM - Operations
Business Line / Function: Wealth Management
Wealth Management Operations in ISPL started in 2018, provide back-office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security Masterfile
Position Purpose
The Securities Settlement Specialist Is Responsible For
- Processing the daily operations of WM activities, ensuring accuracy and timeliness.
- Monitoring settlement fails, investigating root causes, and executing remediation actions.
- Ensuring compliance with regulatory requirements and internal policies.
- Identifying and implementing process improvements to enhance operational efficiency.
- This role requires a proactive, detail-oriented, and collaborative approach to support the team in maintaining seamless trust operations.
Direct Responsibilities
Coordinate with counterparties on the settlement of trades for Equities and Mutual Funds.
Process instructions to various custodians for settlement.
Liaise with Front Office / dealers on necessary documentation for trade settlement processing.
Update clients positions in the system.
Follow up and monitor the progress of late and failed trades.
Update the status of failed trades/transfers by the stipulated settlement date.
Compute, advise, and debit clients accounts for relevant trade charges. Update the waiver file if fees are waived.
Handle queries on trade processing from the Front Office.
Ensure procedures and control measures are strictly adhered to.
Perform reconciliation of daily documents received from LBS with their Control Checklist.
Prepare management reports, e.g., quarterly failed trade reports.
Technical & Behavioral Competencies
Technical Skills
Proficiency in MS Office Suite, with advanced Excel skills being highly valuable.
Product knowledge of equity, mutual funds, foreign bonds, and structured products.
Behavioral Skills
Proactive, enthusiastic, and creative with high attention to detail.
Highly collaborative and team-focused, with the ability to interact effectively with a wide range of stakeholders.
Strong risk and control mindset to ensure compliance and operational integrity.
Skills Referential
Behavioral Skills
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to synthesize / simplify
Resilience
Transversal Skills
Ability to understand, explain, and support change
Ability to develop and adapt to a process
Specific Qualifications
Education Level: Bachelor's Degree or equivalent (3 years) in Business, Finance, or a related field.
Experience Level: At least 3-5 year of relevant experience in a similar domain.
Location
: Mumbai
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, 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.
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, 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. 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
ms office suiteAdvanced ExcelStructured ProductsMutual FundsForeign bondsEquity
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.
Industries
Banking
Employee ratings
2,239 reviews
3.7/ 5
Culture
3.6
Career growth
2.9
Work-life
3.8
Employees rate it well for
Work Life Balance412Salary269Work Culture257Senior Management184Job Security146
Find them on