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Associate - Global Custody Corporate Actions & Income, Chennai – mid‑level role managing corporate action events.
Join BNP Paribas Securities Services to handle event announcements, client eligibility, and cash settlement.
Job Title
A ssociate
Department
Business Services Operations (BSO) – Global Custody Corporate Actions & Income
About Business line/Function
Global Custody Corporate Actions & Income
Position Purpose
Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams handle sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients.
Direct Responsibilities
- Cross‑check received information with other data sources.
- Contact local sub‑custodians to clarify and resolve any open issues.
- Analyze corporate events to anticipate reporting or processing challenges.
- Set up CA events in the Custody system.
- Collect and relay ongoing updates related to corporate events.
- Reconcile securities with sub‑custodian client positions at each event stage.
- Verify eligible account positions with the local sub‑custodian.
- Ensure all eligible positions are instructed by the response deadline (voluntary events only).
- Consolidate client instructions for voluntary events.
- Advise the local market by sending participation instructions to the sub‑custodian (voluntary events only).
- Confirm that participation instructions are acknowledged by the sub‑custodian.
- Track event payment dates and advise clients accordingly.
- Process event payments into client accounts after cash and/or securities are recovered from the sub‑custodian.
- Execute foreign‑exchange orders according to client setups.
- Perform manual cash or securities adjustments needed to finalize the recovery process.
- Justify any cash or securities breaks to Control Teams.
- Participate in brainstorming sessions and share best practices with peers and team members.
- Continuously evaluate and update documented procedures to keep them complete, accurate, and current.
- Be based in Chennai and travel as required.
- Work any shift supporting Asia, Americas, or European business hours.
- Follow established Business Continuity Planning (BCP) protocols.
Contributing Responsibilities
- Establishing communication links with Clients to discuss daily operational & performance issues.
- To assist team manager to handle day today activities.
- Other ad-hoc duties may be required from time to time.
Technical & Behavioral Competencies
- Good knowledge in handling corporate actions and income related events for various instrument types
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
Specific Qualifications
- 3-6 years of relevant corporate action experience.
Technical Skills
Ability to develop and adapt to a process
Hands on Knowledge on Swift MT56X messages, ISO 15022 % ISO20022
Corporate action knowledge mandatory
Behavioral Skills
Creativity & Innovation / Problem solving
Decision Making
Communication skills - oral & written
Ability to collaborate / Teamwork
Education Level
Graduate/Post Graduate degree or equivalent in Commerce / Finance.
Location
Chennai, India (flexible shift coverage).
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.