Associate Level 1 - Mumbai, India - BNP Paribas
Description
ASSOCIATE LEVEL 1 (JOB NUMBER:
FA
Job Description - APAC
Job Title:
ASSOCIATE LEVEL 1- 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 compulsory formal education with excellent communication skills.
In this position, an associate level 1 performs the role of preparer and a part time checker/reviewer 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.
An associate level 1 will also contribute by bringing in the exuberance, fresh ideas and previous work experience 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, followedup and commented (as per standard commentary format) for each NAV calculation.
- Ensure reconciliations are completed for each NAV calculation.
- Should be able to contribute for double checking and review of reconciliations.
- Completeness of reconciliations includes:
- Identification of breaks.
- Saving relevant backups 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 followup 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 adhoc duties which may arise from time to time, mainly on month ends, yearends and system downtime 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 selfmotivated and energetic.
Specific Qualifications (if required)
Any graduate profile with excellent communication and analytical skills and basic knowledge on financial and capital markets.
Skills Referential
Behavioural Skills:
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
At least 1 year
Other/Specific Qualifications (if required)
Should be flexible to work in any shift.
Should be flexible to travel for migration (within / outside India).
Primary Location:
IN-MH-Mumbai
Job Type:
Standard / Permanent
Job:
OPERATION PROCESSING
Education Level:
Bachelor Degree or equivalent (>= 3 years)
Experience Level:
At least 1 year
Schedule:
Full-time
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