Assistant Manager - Cash Equity Settlements
BNP Paribas · Greater Bengaluru Area
- On site
- Full-time
- ₹1,200,000 / year
- Greater Bengaluru Area
Job highlights
- Manage cash equity settlements and associated products.
- Resolve nostro and depot reconciliation breaks.
- Mitigate operational and reputational risk.
- Liaise with clients, brokers, and internal teams.
- Contribute to process reengineering and transformation.
About the role
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.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 specialised 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.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.About Business Line/Function
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements. Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.Job Title
Assistant ManagerDepartment
Global Markets Operations - Securities settlementsLocation
BengaluruBusiness Line / Function
Electronic Execution – Security settlementsPosition Purpose
Primary Responsibilities Of The Team Includes:- Settlement of Security transactions and associated products in a timely and cost effective manner
- Timely resolution of nostro and depot breaks while working collectively with the team
- Working with the team to try & mitigate of operational and reputational risk by escalating in a timely and efficient manner
- Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
- Contribute and Lead Transitions
- Contribute and Lead to develop & propose ideas for a better partnership with Business and On-shore
- To deploy a Capacity Matrix covering the whole scope of processes within the perimeter
- Propose / Contribute / Lead Organizational Transformation Streams
Key Responsibilities
Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:- Ensuring all trades are instructed, matched & settled on a timely basis
- Monitoring of failing trades
- Reducing fails and/or potential fails by means of pairing off or offering partials for deliveries
- Pre-matching trades on a daily basis
- Reduce level of errors / incidents - Proactively report errors / incidents & responsible for designing / implementing a Short term / Long term action plan with a systematic Root cause analysis in place.
- Ensure no errors impacting clients. Nil Incidents on Cash Outs and CCB's.
- Responsible for procedures reviews & full coverage / description of the processes under management
- Responsible to implement an Daily EOD checklist Governance: Daily Follow-up, Monthly comments, reliability of records
- To ensure full adherence to SOP in place & appropriate actions are taken when deviations observed are showing a pattern
- To ease Controls of Controls & to provide & follow-up action plan
- To ensure BCP plan's and BIA documents are upto date and covers a proper resilance strategy
- To ensure that audit/inspection findings and recommendations are put in place according to the audit description and closed in due time (0 overdue)
- By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
- By passing entries to the Calypso systems to clean up outstanding items on a timely basis
- By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
- By investigating and solving accounting breaks raised by Securities Control & Accounting teams
- Escalating items that represent operational risk to the direct Manager
- To deploy a Capacity Matrix covering the whole scope of processes within the perimeter
- Propose / Contribute / Lead process reengineering
- Responsible to implement a strong governance vs IT (Support, Dev), Identify SPOC's contacts & responsibilities & Project & Measure the efforts mobilized (Study, UAT), foster a ROI logic within the team
- Propose / Contribute / Lead some Organizational Transformation Streams
- Agility: Balance / Optimize resources usage in BAU with mindset of realistic commitment & transparency
- 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
- By maintaining close relationships with stake holders 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.
- Contribute to ensure all required materials such as procedures, SOP, Skill Matrix, trainers identified, are updated.
- Raise to the management / project teams any dysfunctionality during the course of BAU
- Actively contribute to UAT testing where necessary and engage in training and coaching the new joiners
Key skills/competency
- Cash Equity Settlements
- Securities Transactions
- Nostro and Depot Reconciliation
- Operational Risk Management
- Process Reengineering
- Client Relationship Management
- Calypso System
- UAT Testing
- BNP Paribas
- Assistant Manager
Skills & topics
- Cash Equity Settlements
- Securities Settlements
- Assistant Manager
- BNP Paribas
- Bengaluru Jobs
- Financial Operations
- Reconciliation
- Risk Management
- Calypso
- Banking
How to get hired
- Tailor your resume: Highlight your 7+ years of experience in cash equity settlements, risk management, and reconciliation. Emphasize your use of Calypso and your problem-solving abilities.
- Showcase your skills: In your application and during interviews, demonstrate your management, analytical, and communication skills, as well as your attention to detail and client focus.
- Understand the role: Be prepared to discuss your experience in ensuring timely trade settlements, reducing fails, and managing operational risks within a banking environment.
- Research BNP Paribas: Familiarize yourself with BNP Paribas's global presence, commitment to diversity, and its role in financial markets.
- Prepare for behavioral questions: Be ready to provide examples of your results-driven approach, teamwork, and ability to manage change and inspire others.
Technical preparation
Master Calypso for transaction settlement.,Practice reconciliation of nostro/depot breaks.,Study settlement processes and operational risks.,Understand security transaction types and products.
Behavioral questions
Describe a time you mitigated operational risk.,How do you ensure timely trade settlements?,Share an example of leading process improvement.,How do you collaborate with internal/external teams?
Frequently asked questions
- What is the primary focus of the Assistant Manager - Cash Equity Settlements role at BNP Paribas?
- The primary focus of this role is to manage the settlement of security transactions and associated products within BNP Paribas's Global Markets Operations - Securities Settlements department. This includes ensuring timely and cost-effective settlements, resolving reconciliation breaks, mitigating operational risks, and liaising with various stakeholders.
- What kind of experience is required for the Assistant Manager position at BNP Paribas?
- BNP Paribas requires a minimum of 7 years of experience for this Assistant Manager role. This experience should ideally be in securities settlements, with a strong emphasis on cash equity settlements, reconciliation, risk management, and process improvement.
- What are the key responsibilities of an Assistant Manager in Cash Equity Settlements at BNP Paribas?
- Key responsibilities include overseeing trade settlements, monitoring and reducing failing trades, managing nostro and depot reconciliation breaks, implementing action plans for error reduction, and ensuring adherence to procedures and BCP plans. The role also involves contributing to process reengineering and organizational transformation.
- What technical skills are beneficial for this Assistant Manager role at BNP Paribas?
- Proficiency with the Calypso system is essential for managing security transactions. Strong analytical skills, attention to detail, and experience with reconciliation processes (nostro and depot breaks) are also crucial technical competencies for this role.
- How does BNP Paribas approach diversity and inclusion in its hiring for roles like Assistant Manager - Cash Equity Settlements?
- BNP Paribas is deeply committed to diversity and inclusion, striving to create a workplace where all employees feel valued and respected. They prohibit discrimination and harassment and promote equal employment opportunities for all, believing that a diverse workforce is key to their success.
- What is the work arrangement for the Assistant Manager - Cash Equity Settlements role?
- The job description explicitly states the location as Bengaluru, implying an on-site or potentially hybrid work arrangement within that city. Further clarification on the specific arrangement would typically be provided during the application process.
- What educational background is preferred for the Assistant Manager role at BNP Paribas?