Assistant Manager- Global Market Corporate Action Bangalore

Job Description

Position Purpose
• Primary responsibilities of the team includes:
• Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems
• Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
• Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
• Acting as a central point of contact for Corporate actions operations subject matters within BNP Paribas (across all functions) and outside (Custodians, Counterparties)
Responsibilities Direct Responsibilities
• Scrubbing and set up of Corporate Actions in operating systems (e.g. Picasso)
• Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
• Permanent follow-up of events announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. Calypso, Power, Picasso tools)
• Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.
• Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliation
• Acting as a central point of contact for Corporate actions operations subject matters within BNP (across all functions) and outside (Custodian, Counterparties) and as an expert on Corporate Actions for client and business services.
• Ability to manage any Corporate Actions type on the overall scope of the team and to become expert on specific market rules
• Provide a regular report to his/her hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
Contributing Responsibilities
• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• Monitors and take appropriate actions in case of market risks (buy ins)
• By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
• By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
• If necessary, using the escalation process when operational risk is detected
• Contribute to the overall successful running of the settlement department:
• By maintaining close relationships with traders and sales and escalating problems to them promptly where required
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
Technical & Behavioral Competencies
• Capacity to analyze, organize and report efficiently.
• Flexibility on working methods and changing international environment.
• Rigorous and reactive in order to face pressure and reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
Competencies:
• Multi-cultural
• Analytical
• Risk aware
• Client oriented
• Rigorous attention to detail
• Result oriented
• Good communication skills
• Team spirit
• Must be fluent in English
Skills Referential Behavioural Skills : (Please select up to 4 skills)Decision Making Client focusedCreativity & Innovation / Problem solvingAbility to deliver / Results driven Transversal Skills: (Please select up to 5 skills)Ability to understand, explain and support change Ability to manage a project Ability to anticipate business / strategic evolution Ability to inspire others & generate peoples commitment Ability to set up relevant performance indicators Education Level: Experience Level Other/Specific Qualifications (if required)Required Competencies: Adaptability Ability to collaborate / Teamwork Ability to develop and adapt a process Ability to manage a project Proactivity Ability to develop others & improve their skills, *

Keyskills :
static datasalesretail bankingfixed income derivativesfixed incomecorporate eventsaccountsoperational risk