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Assistant Vice President - Data Administration role in Chennai, leading securities pricing, data quality, and corporate action for BNP Paribas India Solutions.
Drive efficiency, manage global teams, and innovate with market data to support fund NAV calculation across multiple geographies.
Department : Data Administration
Department : Data Administration
About Business line/Function
About Business line/Function: IFSO
Position Purpose
A leadership level position which will be responsible for managing the department involved in the set‑up of security details in accounting platforms or pricing securities via pricing tool to support the Fund Administration teams to calculate the NAVs for Funds domiciled in multiple geographies or processes and monitor corporate action based on vendor inputs. Hands‑on expertise in managing clients, people and processing without any issues. Manage the work effectively with team members to accomplish common goals. Generate creative solutions to problems, ability to plan work ahead and to prioritize workload in an organized manner.
Responsibilities
Direct Responsibilities
Data Administration (DA) department is responsible for below activities,
- Securities Pricing: Collect market price from vendors, validate and deliver to internal accounting platform to be used in NAV, Middle Office, and Performance reporting and custody activities.
- Securities creation and Data quality Management: Create and maintain security static data in various internal accounting and trading platform.
- Corporate Action: To process Dividend and Corporate Action events based on inputs received from multiple vendor sources to enable Fund Accounting teams to record the income / events in portfolios valuated.
Responsibilities of the Head:
- Run and develop a Securities Data Administration centre in Chennai.
- Contribute to the improvement of a global operating model.
- Develop a competitive and sustainable team that delivers added value by ensuring a significant lower unit by efficiency gains initiatives.
- Develop and deliver service quality excellence and a culture that supports the creation of a centre of excellence.
- Manage the medium- and long-term development of the operation through a clear target organization structure and relevant resource/succession planning.
- Proactively promote and manage the culture of DA in line with BNPP ISPL culture and values.
- Ensure processes and controls reflect the highest standards expected and proactively drive remediation actions plans.
- Source and develop young professionals and talents in Chennai to add to the inventory talent in DA through the implementation of a suitable HR strategy, leadership, and people management skills.
- Work effectively cross-border building strong relations with global DA management and as well as other “internal clients/stakeholders”.
- Manage and drive projects of the department.
Basic Requirement
- Graduate or Postgraduate in any discipline (Preferably in Finance)
- 12- 15 years’ experience in Securities Services
- At least 5 years’ senior management experience in an Operations environment, ideally Data Administration, enabling the candidate to provide effective leadership in establishing suitable operating norms, staff development and working culture.
- Exposure to working effectively in a complex and global environment with internal clients and suppliers in various disparate locations.
- Capable of building a good working relationship with senior Ops Managers in Securities Services is an invaluable attribute.
- The ability to deal with colleagues from different cultures is important.
Contributing Responsibilities
- Conduct Brainstorming Sessions and share the best practices and ideas with the peer groups and team members.
- Constantly review procedures to keep up to date with the change in process.
- Manage all projects and new initiatives.
- In depth understanding of the system functionalities. The applications we use and data retrieval from vendors.
Operational Skills
- Identify the areas of improvements in process and implement stringent controls and ensure operational excellence.
- Onboarding of new clients and managing the organic growth of the existing clients.
- Setting up and developing large teams to manage the superior client service delivery.
- Developing the expertise of people and managing the retention through rewards and recognition.
- Achieve and respect the deadlines of the projects assigned by the senior management.
- To be based in Chennai and prepared to travel as required.
Primary responsibilities
- BAU Excellence
- Client Focus
- Risk & Controls
- Teamwork
- Learning & Development
- Corporate Citizenship
- Projects
Primary Working Relationships
- Onshore colleagues/Senior Ops Management
- Fund Accounting departments/ Clients
- Team Building & Management
- IT & Application support teams.
- Other Internal and external teams / departments.
- Local and Global Management team
Skills Referential
Behavioral Skills : (Please select up to 4 skills)
- Adaptability
- Ability to collaborate / Teamwork
- Communication skills - oral & written
- Attention to detail / rigor
Transversal Skills : (Please select up to 5 skills)
- Ability to understand, explain and support change
- Ability to develop others & improve their skills
- Ability to develop and adapt to a process
- Ability to set up relevant performance indicators
- Analytical Ability
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 India Solutions
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, corporate 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. 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.