Assistant Manager/ Manager / AVP-Prime
- BNP Paribas
- 4 to 9 Yrs
- Mumbai
- 11 months ago
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Job Description
About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.
About Businessline/Function :
Prime Finance business leverages the banks experienced global team with in-depth market knowledge to provide execution, clearing and financing solutions across asset classes to both Institutional and Hedge fund clients. "Client Management" function within Prime Finance acts as a point of contact for hedge fund and institutional clients for the business across regions.
Job Title:
Prime Brokerage - Relationship Manager- Assistant Manager/Manager/AVPDate:
Department:
Global Market Equity / Prime Finance
Location:
Mumbai
Business Line / Function:
Prime Finance / Client Management
Reports to:
(Direct)
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
The team acts as a main point of contact for hedge fund and institutional client of the Prime Finance business to support the handling of post trade queries. Specific responsibilities are listed below.
Responsibilities
Direct Responsibilities
Ensure seamless delivery of Corporate Actions, Margin calls and resolution of client financing issues.
Margins: Analyse & review major margin swings, oversight of margin call issuance, ensure it s covered by clients in timely manner.
Corporate Actions: Resolution of queries related to upcoming CA events, paid and accrued dividends & coupon events. Timely receipt of elections on CA events.
Cash management: Oversight of wire processing and manage funding requirements/cash break resolution with clients.
Swaps Resets: Ensure timely agreement and settlement of financing & Equity reset cash flows especially for top tier clients.
New Market access: Liaise with internal team & clients on documentation and setup.
Reporting: Client queries on reports and customization.
All administrator queries excluding trade management (Non ops nature of queries).
Operations oversight and technology development assistance.
Client reviews: Periodic calls & meetings.
Perform certain level-1 controls and ensure resolution/escalation of issues.
Develop sound understanding of regulatory changes within the industry impacting clients/business.
Contributing Responsibilities
Technical & Behavioral Competencies
Post Graduate/Graduate degree in finance or engineering
4 - 10 years of exposure to the finance industry, a basic understanding of hedge fund industry and the operational aspects of equity markets. Prior experience in Prime Brokerage industry and client facing role is plus
Excellent communication skills (written and verbal), comfortable working and communicating with various groups including sales, trading, technology, operations, legal and client management.
Proficient in the use of Excel, Word and Power Point.
Specific Qualifications (if required)
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Ability to collaborate / Teamwork
Communication skills - oral & written
Attention to detail / rigor
Client focused
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
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Education Level:
Bachelor Degree or equivalent
Experience Level
At least 4 years
Other/Specific Qualifications (if required)
Employement Category:
Employement Type: Full timeIndustry: Banking / Financial Services
Role Category: General / Other Software
Functional Area: Not Applicable
Role/Responsibilies: Assistant Manager/ Manager / AVP-Prime
Contact Details:
Company: Bnp ParibasLocation(s): Mumbai
Keyskills: customer relations sales retail banking communication skills insurance banking marketing
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