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Mid‑level Settlement Officer role in Chennai focusing on trade settlements across APAC and EMEA.
Lead end‑to‑end trade capture, settlement and risk management for diverse asset classes.
Job Title: Associate
Department : BSO
About Business line/Function: Local settlements
Position Purpose : As an Associate in the Local Settlements team, you will take ownership of end‑to‑end trade settlements across multiple markets, applying your solid grasp of the trade life‑cycle, clearing and settlement processes. Building on the foundation laid by junior analysts, you will lead the most critical settlement activities, mentor newer team members and act as the primary liaison between traders, custodians and external settlement centers. The role offers deep exposure to a variety of asset classes and products, allowing you to sharpen your expertise in clearing, custody and post‑trade operations while driving efficiency and risk mitigation. If you are ready to expand your technical knowledge, influence process improvements and become a go‑to expert in settlement operations, this position is the next step in advancing your career.
Responsibilities
Direct Responsibilities
Clearing and Settlement Process:
- Execute end-to-end trade capture, ensuring every client instruction is entered accurately into the settlement system and transmitted to the relevant market terminal without exception.
- Coordinate with internal teams (operations, front office, IT) and external partners (custodians, market participants) to resolve static data, account set up, and manager level queries, guaranteeing uninterrupted settlement flows.
- Monitor inbound client trades, release them to the market, and provide real time status updates—including discrepancy identification, short position and cash reporting—while tracking the trade journey from market terminal to the BNP internal system.
- Perform systematic reconciliation between market terminal outputs and BNP records, confirming that no variance exists and documenting any exceptions for immediate remediation.
- Conduct pre‑matching engagements with counterparties via phone or email to confirm trade details and enhance settlement efficiency.
- Investigate failed trades daily, determine the precise cause, and communicate a clear, actionable explanation to the client within agreed service level timelines.
Risk Management:
- Apply all established control frameworks throughout the validation and settlement lifecycle, ensuring compliance with regulatory and internal risk standards.
- Maintain a comprehensive daily checklist, recording completion of each task with supporting evidence to provide an auditable trail of activities.
- Escalate any control breaches or operational exceptions promptly to senior management and initiate corrective action plans.
- Monitor key risk indicators (e.g., settlement fails, mismatches, deadline breaches) and generate regular risk impact reports for the team lead.
Other Responsibilities:
- Process a broad spectrum of products across APAC and EMEA markets, including equities, fixed income and bonds : Corporate and government bonds
- Apply deep knowledge of depository, custody, and stock market mechanics to ensure accurate handling of settlement instructions for each jurisdiction.
- Act as the subject matter expert for audit inquiries related to depository and custody processes, preparing detailed responses and collaborating with internal audit teams.
- Support cross border settlement initiatives, ensuring alignment with local market conventions and regulatory requirements.
Contributing Responsibilities
- Generate ideas that streamline settlement workflows, reduce manual touchpoints, and improve overall process efficiency.
- Take ownership of procedural updates, ensuring all standard operating procedures (SOPs) reflect the latest operational practices and regulatory changes.
- Develop a thorough understanding of the full settlement life cycle, encompassing both pre settlement validation and post settlement match‑off activities.
- Actively participate in testing cycles for process enhancements, providing critical feedback and validation of new functionality.
- Support cross training initiatives, offering expertise and coverage during peak periods to maintain service continuity across the team.
- Mentor junior analysts on best practice trade capture techniques, system intricacies, and jurisdiction specific settlement nuances, fostering the next generation of settlement professionals.
- Engage in User Acceptance Testing (UAT) for new settlement platform releases, delivering detailed, actionable feedback to the development team to ensure robust, production ready solutions.
Technical & Behavioral Competencies
Deep Settlement Expertise – Proven mastery of the full trade‑life‑cycle, including trade capture, clearing, settlement, and post‑trade match‑off across APAC equities, fixed‑income and bond markets, with an ability to diagnose and resolve complex fail‑trade scenarios swiftly.
Collaborative Leadership – Demonstrates a team first mindset, readily sharing knowledge, mentoring junior analysts and coordinating with traders, custodians and technology partners to achieve seamless settlement outcomes.
Client Centric Communication – Communicates complex settlement information clearly and professionally—both verbally and in writing—anticipating client needs, delivering timely status updates and building lasting trust through transparent, solution focused dialogue.
Specific Qualifications:
- Graduates / Postgraduates (B. Com/MBA Finance preferred).
- Candidates should be willing and flexible to work in any shift.
- Relevant work experience in the Trade settlements / Custody activity/ Investment Banking operations.
Skills Referential ( Required knowledge, skills and abilities)
Transversal Skills:
- Analytical Ability
- Ability to understand, explain and support change
Behavioral Skills:
- Ability to collaborate / Teamwork
- Creativity & Innovation / Problem solving
Education Level: Master’s degree or equivalent
Experience Level: 4 to 7 years
Location: Chennai
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.