BNP Paribas
Website:
bnpp.lk
Job details:
Job Title: Associate
Department: Banking service operations -Global Settlements
About Business line/Function: The role sits within Banking service operations – Global Settlements, part of the Chennai hub of BNP Paribas India solutions private limited. We provide end‑to‑end custody, settlement services to institutional investors, fund managers and broker‑dealers across Asia and Europe. This Global Settlements team is responsible for the full lifecycle of trade settlement, ensuring that all trades are processed, validated and reconciled in line with market cut‑offs, regulatory requirements and the firm’s risk controls.
Position Purpose: To execute accurate, timely and compliant trade‑settlement processing for global client accounts, manage trade‑related queries, perform daily reconciliations and support the team in meeting service‑level agreements, risk and audit standards.
Responsibilities
Direct Responsibilities
- Trade processing & validation – Execute end‑to‑end settlement of trades, prioritize queues, amend/cancel trades and ensure adherence to market zone cut‑offs.
- Repair queue management – Review and manually instruct trades in the repair queue; process Sub‑FX entries for client accounting.
- Reconciliation – Run daily reconciliation checks, investigate breaks and resolve them within agreed timelines.
- Communication with sub‑custodians – Obtain trade status via MT‑548 or email, and communicate updates to account managers.
- Issue tracking – Log, analyse and report failed trades with root‑cause explanations on a daily basis.
- Control & audit compliance – Follow the daily checklist, file required print‑outs and ensure all activities meet risk and audit standards.
Contributing Responsibilities
- Client query handling – Respond to emails, phone calls and “My Queries” tickets raised by account managers.
- SLA adherence – Monitor and meet service‑level agreements for trade processing and issue resolution.
- Reporting – Produce daily status reports for account managers and senior leadership.
- Continuous improvement – Identify process inefficiencies, suggest automation or workflow enhancements and support implementation.
Technical Competencies
- In‑depth understanding of global settlement cycles, nostro and sub‑custodian concepts, market cut‑offs and MT‑548 messaging.
- Proficiency in settlement applications
- Strong MS Excel skills (pivot tables, advanced formulas, macros) and solid Microsoft Office proficiency.
- Ability to perform detailed daily reconciliations and control‑check procedures.
Behavioral Competencies
- Client Focus – Proactively delivers accurate, timely solutions to client‑related issues.
- Communication – Clear verbal and written articulation; adheres to BNPP email protocols.
- Teamwork – Works collaboratively, respects diverse viewpoints and upholds integrity.
- Analytical & Detail‑Oriented – Spot‑checks data, identifies operational risk, and escalates promptly.
- Self‑Management – Prioritises multiple tasks, meets strict deadlines.
- Continuous Improvement – Generates creative solutions, seeks process enhancements and plans work ahead.
Specific Qualifications
Master’s in commerce or M.B.A (Finance)
Technical Skills
Skills Referential (Required knowledge, skills and abilities)
- Subject matter expertise
- Reconciliation of stock and cash
- MS office Suite
- Swift standards of MT54X
Behavioral Skills
- Strong analytical mindset
- Attention to detail
- Effective verbal and written communication
- Pro‑active problem‑solving and continuous‑improvement attitude.
Education Level: M.Com / MBA (Finance)
Location: Chennai, India
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 specialized 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.
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.
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. 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.
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