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Senior Associate – Private Capital at BNP Paribas Solutions, Manila, Philippines.
Lead your team in Loan Administration, ensuring quality, compliance, and performance excellence in a dynamic, inclusive environment.
Senior Associate - Private Capital
Location: Manila, Metro Manila, Philippines
About BNP Paribas Solutions - Philippines Branch
Established in 2024, BNP Paribas Solutions Philippines Branch is a branch of BNP Paribas Group, a leading bank in Europe with an international reach. We provide support services, back-office operations services related to or which further the accomplishment of the corporation’s investment services, banking transaction processing, and equity investment.
About BNP Paribas Group
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
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.
Business line
Establishment of new offshoring center, BNP Paribas Solutions Philippines Branch (BSPB), in Manila. This initiative aims to enhance our operational resilience and accompany Loan Administration business growth.
The Loan Administration service is similar to a middle office function dedicated to the administration of loan asset held in the a fund or similar entity. Amonsgt other tasks, the loan administrator is record keeping the statics of the loan, the position, updating any new loan data point, computing accrual / interest amount to receive and processing loan cash instruction as the case maybe. The Loan administration function also embed the calculation agent tasks such as compliance testing, and reporting according to leverage facility documentation, against agreed covenants for leveraged positions
That team is already managing the Loan Administration servicing for Singapore Private Capital loan portfolios and has developed an expertise in such domain.
With the establishment of BSPB, Loan Administration service will be provided from Singapore and Manila. Loan Administration activity is not a regulated activity
About the role
The Private Capital Associate plays a critical role in the Private Capital team. The role will require technical expertise in processing and reviewing functions with respect to PC Loan Administration services delivered to the BNP Paribas client base.
The role is responsible for the output and service delivery of the PC team and will include the provision of technical expertise for all middle office and back office activities. This role will focus on the delivery of daily activities for PC assets, but also support onboarding and transitions, as well as business change projects and business improvements, to ensure a consistent and sustainable operating model.
To participate in team management, and monitor Key Performance indicators and quality follow-up, incident management, risk management
Understand our clients’ needs and assist Fund Managers and Agents in the context of the asset data maintenance.
To manage transversal issues, internally and externally, within the bank and with external Counterparties.
To represent Private Capital Loan Solutions as SME in client/prospect and external meetings
To be the 1st escalation point of contact for the client in Loan Administration Tasks
On-board with the collaboration of private capital business implementation team, new transactions:
Portfolio / Asset assessment (the operational risks associated with new transactions based on the documentation)
IT Testing end to end with new business requirements
Full setup of the loan administration tool
SLA writing
Responsibilities
Be owner of the perimeter under responsibility from a management, cost monitoring, human
resources budget, operation quality and client focus prospective
Assess capacity consumption (cost) for new transaction
Assess any operation challenges and propose solutions
Manage team members:
organize one-to-one team meetings
preparing and organizing end of year appraisals, ensuring that the notations/comments are fair and explicit
Manage planning and resources
help team members to think out of the box
work with the team members to propose innovations
Take proactive initiatives to improve productivity and to decrease costs, including setting up
Capacity planning and challenging the team(s)
Set-up a robust governance to follow-up the perimeter under responsibilities
Regular report for each team
Frequent and organized team communication
Be responsible for communication top down and bottom up
Make sure people under responsibility take part to existing forums and meetings
Share information from Private Capital management meeting with the teams
Organize ad hoc communication when needed
Manage and anticipate human resources needs to fit with the quality and productivity expectations
Participate to recruitments
Develop the potentials in her/his team, make people evolve in and outside of your own perimeter
Manage problems when they occur, take necessary decisions, escalating hot topics when
Necessary, proposing solutions to your management
Ensure that the asset database quality meets PC Lux standard
Ensure daily task such as reconciliation tasks are performed in timely manner.
Primary Role Responsibilities
Be owner of the perimeter under responsibility from a management, cost monitoring, Human Resources budget, operation quality and client focus prospective
Assess capacity consumption (cost) for new transaction
Assess any operation challenges and propose solutions
Manage team members:
Develop the potentials in her/his team, make people evolve in and outside of your own perimeter
Manage problems when they occur, take necessary decisions, escalating hot topics when necessary, proposing solutions to your management
Ensure that the asset database quality meets PC Lux standard
Ensure daily task such as reconciliation tasks are performed in timely manner
Other contributions
Participate actively to the review of procedure and checklists
Provide operational support to the Private Capital team members in case of operational picks
Ensure good relationships / communication within the Private Capital department
Assist the Head of Private Capital department on complex operational issues and department organization
Manage transversally, being an example in working transversal issues with other managers orother departments
Ensure good relationships / communication between the Private Capital department and other departments
Monitor incidents and be responsible for closing corrective and preventive measures
Ensure proper training is done within the teams, integrate new team members
Make sure that team members are following the procedures and completing the checklists properlyand on time
Competencies
Strong communication skills:
able to express her/his messages, both oral and written, in a clear way
Clearly communicates strategies to all stakeholders
Analytical skills:
Review and analyze different aspects related to a topic in a critical manner.
Make appropriate decisions bases on the analysis
Risk management:
carries out a risk/benefit analysis before putting operational processes/ controls into practice
Implement risk-related procedures and BP2S governance
Organization skills:
Set priorities and adapt them when needed.
Action and methodically monitor progress by coordinating activities and allocate resources efficiently.
Ensure that deadlines are met.
Accuracy:
Implement preventive actions to avoid issues
Follow up on to-do list for the team.
Client focus:
Ensure to achieve internal and external client satisfaction
Understand clients’ issues and propose solutions
Issues escalation:
Ability to refer an issue to the appropriate persons in management for timely resolution.
Keep up to date:
with related business
technical development
regulatory developments
Required education/certification/licenses
Master’s degree
Relevant experience (4-7 years) in alternative investment, Management Company, administrator, or audit firm (solely for Private Capital funds).
Fluent in English; European language (such as French) will be considered as an asset.