at BNP Paribas
Investment BankingPosted 6 days ago
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**Assistant Manager - Reconciliation & Control** Lead daily Cash, ETD, and Securities reconciliations between bank statements and position-keeping tools. Collaborate with portfolio managers, service providers, and internal teams to maintain accurate records. Troubleshoot discrepancies, escalate critical issues, and drive process enhancements. Proficient in Microsoft Office Suite, with strong analytical skills and attention to detail. Bachelor's degree required. Familiarity with investment banking and securities markets a plus. Shift work consideration. Based in Chennai.
- Compensation
- Not specified
- City
- Chennai
- Country
- India
Currency: Not specified
Full Job Description
Department: Asset Management Investment Operations
About Business line/Function: Asset Management Position Keeping
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, so 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 clients precise data by identifying any potential discrepancies in cash and positions and investigating accordingly. Contribute to a continuous improvement of processes.
Responsibilities:
Direct Responsibilities
- Perform daily Cash, ETD & Securities reconciliation between bank statements received from custodians / various clearing agents versus our position-keeping tool and perform the cash publish activity with the stipulated time and 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.
- Escalate timecritical breaks to senior staff according to defined SLA thresholds.
- Follow up on open items to ensure timely closure.
- Identify recurring issues and suggest automation or workflow enhancements.
- In line with client requests, compile and prepare reports at various frequencies throughout the month. Provide a monthly validation for reporting via the green light process confirming all data on our accounts are accurate.
Contributing Responsibilities:
- Daily Cash & Position Reconciliation
- Break Identification
- RootCause Analysis
- Resolution & Documentation
- Escalation
Technical & Behavioral Competencies
- Strong analytical skills, detail orientation and service commitment
- Knowledge of Investment Banking and Securities Market will be a strong advantage
- Ability to work independently, as well as in a team environment
- Proficient in Microsoft Office Applications and strong MS Excel skills required
- Good verbal and written communication
Specific Qualifications:
Graduates (Finance preferred)
Candidates should be willing and flexible to work in any shifts
Skills Referential (Required knowledge, skills and abilities):
Technical Skills:
- 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: Bachelors degree or Equivalent
Location: Chennai
About BNP Paribas Group:
BNP Paribas is the European Unions 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 Groups 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 Unions 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.
