Associate - Global and Local Custody APAC (Tamil Nadu)

Associate - Global and Local Custody APAC (Tamil Nadu)

01 Aug
|
BNP Paribas
|
Tamil Nadu

01 Aug

BNP Paribas

Tamil Nadu

Position Overview

- Job Title: Analyst / Associate
- Department: Business Services Operations (BSO) Custody - Corporate Action and Income
- Business Line: Global and Local Custody - Corporate Actions & Income
- Location: Chennai, India
- Shift Requirements: Must be flexible to work in any shift supporting Asia, Americas, or European business hours.
- Role Purpose: The role focuses on operational efficiency and accuracy within the Custody teams. Key objectives include sourcing event announcements, calculating client eligibility, generating entitlements, processing instructions for optional/voluntary events, and managing the collection and distribution of cash/stock entitlements to clients.

Job Responsibilities

- Operational Execution:
- Set up financial information in the Custody system and cross-check data against multiple sources.
- Coordinate with local sub-custodians to clarify and resolve open issues.
- Analyze corporate events to anticipate and mitigate reporting or processing risks.
- Perform securities reconciliation with sub-custodian client positions at various event stages.

- Event Management (Voluntary Events):

- Verify eligible positions within the local sub-custodian.
- Ensure all eligible positions are instructed by the response deadline.
- Consolidate client instructions and advise local markets by sending participation instructions to sub-custodians.
- Verify that instructions have been duly acknowledged by the sub-custodian.

- Settlement & Recovery:

- Track payment dates to advise clients accurately.
- Process payments to client accounts upon recovery of cash/securities.
- Execute foreign exchange orders based on client setups.




- Perform manual adjustments for cash/securities to finalize recovery and justify breaks to Control Teams.

- Continuous Improvement & Compliance:

- Participate in brainstorming sessions to share best practices.
- Regularly update documented procedures to ensure accuracy and currency.
- Adhere strictly to Business Contingency Plan (BCP) protocols.

- Stakeholder Management:

- Establish communication links with clients to discuss daily operational performance.
- Assist the Team Manager in daily activity management and other ad-hoc duties.

Required Education, Skills, and Experience (Must Have)

- Education: Graduate degree (B.Com or similar).
- Experience: 0 to 6 years of experience in a financial organization.
- Technical Knowledge:
- Mandatory knowledge of Corporate Actions.
- Hands-on knowledge of Swift MT56X messages, ISO 15022, and ISO 20022.

- Behavioral Skills:

- Strong analytical skills and high attention to detail.
- Ability to work independently and collaboratively within a team.
- Strong oral and written communication skills.
- Ability to prioritize multiple tasks and meet strict deadlines.

Preferred Education, Skills, and Experience (Nice to Have)

- Education: Post-graduation (MBA Finance preferred).
- Experience: Prior experience specifically within Custody-related activities.
- Competencies:



Proven track record in problem-solving, creativity, innovation, and decisive decision-making.

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.

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 prospect 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.

📌 Associate - Global and Local Custody APAC (Tamil Nadu)
🏢 BNP Paribas
📍 Tamil Nadu

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