Associate Jobs in Mumbai - BNP Paribas

Associate

BNP Paribas

0 to 3 Years

Not disclosed

Expired

Posted: 01 Jul 21

Job Description

Job Title

Job Description – APAC

ASSOCIATE – RECONCILIATION OFFICER

Date

Department:

FUND ACCOUTING – RECONCILIATIONS

Location:

CHENNAI/MUMBAI

Business Line / Function

INVESTMENT AND FUND SERVICES OPERATIONS

Reports To

(Direct)

ASSISTANT MANAGER/ASSISTANT MANAGER LEAD

Grade

(if applicable)

NA

(Functional)

Number Of Direct Reports

NA

Directorship / Registration

NA

Position Purpose

This role is an entry-level position that requires little formal education with excellent communication skills. In this position, an associate performs the role of preparer and has to deliver the reconciliations done between bank/out of bank assets Vs ledger accounts and save necessary back-up for further assimilation to stakeholders. A associate will also contribute by bringing in the exuberance and fresh ideas to the table in this fast changing environment.

Responsibilities

Direct Responsibilities

Acquire complete understanding of the reconciliation process & its related functions with various parties involved. For example: Custody, TA, Pricing, FDS, NAV, Corporate Actions, Transactions processing etc.
Strive to become a SME (Subject Matter Expert) of the process by acquiring complete knowledge of reconciliations processing across all funds & instruments types.
Ensure all reconciliation breaks in cash, shares, securities and derivatives are identified, investigated, followed-up and commented (as per standard commentary format) for each NAV calculation.

Ensure reconciliations are completed for each NAV calculation.
Completeness of reconciliations includes:
- - Tracking transaction sign-off in e-mail box.
  - Tracking pricing sign-off in e-mail box. (specific for derivatives reconciliations).
  - Identification of breaks.
  - Saving relevant back-ups whenever there are breaks in funds.
  - Closing of reconciliations on reconciliation tool (pControl/Intellimatch).
  - Update time on tracker upon completion of processing of reconciliations (on time).
  - Digital checks to be performed when reconciliation performed manually.

Adhere to quality SLA of 99% & above while performing reconciliations.
Adhere to timeliness SLA of 95% & above while performing reconciliations.
There should be no comebacks from NAV teams on the reconciliations performed.
There should be no incidents logged on reconciliations performed.
Regular follow-up on aged breaks to be done diligently and should be highlighted to supervisor for further escalation in case break not cleared.

Contributing Responsibilities

Be proactive in resolving queries and escalate immediately to the supervisor on any issues/queries/escalations.
Ensure to complete ad-hoc duties which may arise from time to time, mainly on month ends, year-ends and system down-time scenarios.
Monitor the respective group mail box and respond efficiently to the queries.
Required to plan leaves in advance as per GSO policies and keep a tab on unplanned leaves.

Technical & Behavioral Competencies

Excellent verbal and written communication.
Strong analytical skills, detail orientation, service commitment, 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.
Should be self-motivated and energetic.

Specific Qualifications (if Required)

Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets.

Behavioural Skills

Skills Referential

Communication skills - oral & written

Ability to collaborate / Teamwork

Adaptability

Attention to detail / rigor

Transversal Skills

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to develop and adapt a process

Education Level

Bachelor Degree or equivalent

Experience Level

Beginner

Primary Location

IN-MH-Mumbai

Job Type

Standard / Permanent

Job

OPERATION PROCESSING

Education Level

Bachelor Degree or equivalent (>= 3 years)

Experience Level

Beginner

Schedule

Full-time