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Senior Associate - Corporate Action
senior · Corporate Finance
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.
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.
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, color, 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.
About Business line/Function:
The Global Markets Function at BNP Paribas facilitates Securities Services for Corporate and Institutional Clients. We provide Sales, Trading, Research and Strategy, FX Prime Brokerage, Local Markets coverage and Electronic Trading to a plethora of clients across the Americas, Asia Pacific and EMEA regions. We offer a global and cross-asset platform for securities financing through repo or prime services, for both listed and OTC clearing services and for execution of listed derivatives. We also provide our investors with access to commodities through various investment strategies and structured solutions
Position Purpose:
Primary responsibilities of the team includes
Monitoring Corporate Actions in all reliefs and identification of eligible global positions Follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems
Managing the election process for voluntary events by interacting with other internal support functions, compiling aggregated instruction to be sent to agents/custodians and ensure good receipt.
Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations.
Responsibilities
Direct Responsibilities for Mandatory, Mandatory with options and Voluntary CA processing:
1. Event Capture
2. Notification
3. Income / Mandatory events processing
4. Election management (Voluntary)
5. Bookings of Outcomes
6. Claims Management
7. Reconciliations
- Scrubbing and set up of Corporate Actions in operating systems (e.g. Picasso)
- Monitoring of Corporate Actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
- Follow-up of events’ announcements, forecast and deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems (e.g. Calypso, Power, Picasso tools)
- Manage the election process for voluntary events in close relations with other teams of the GM CAIT department, compile aggregated instruction to be sent to agents/custodians and ensure good receipt.
- Ability to manage any Corporate Actions type on the overall scope of the team
- Provide a regular report to his/her hierarchy and being pro-active during all recurrent meetings (morning, weekly meetings, etc.)
Contributing Responsibilities
- By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
- Monitors and take appropriate actions in case of market risks (buy ins)
- Escalation process when operational risk is detected
- Contribute to the overall successful running of the corporate actions department:
- By maintaining good working relationships with domestic agents and custodians
- By communicating with, and assisting, other operational departments where needed. Ensuring direct Managers are kept informed of any potential problems & issues where appropriate
Technical & Behavioral Competencies:
- Capacity to analyze, organize and report efficiently
- Flexibility on working methods and changing international environment
- Rigorous and proactive in order to face pressure and reach excellence
- Diligently follow the set procedures and Compliance policies
- Knowledge of financial markets and products, and easiness/expertise in dealing with Excel
Skills Referential
- Multi-cultural
- Analytical
- Risk aware
- Client oriented
- Rigorous attention to detail
- Result oriented
- Good communication skills
- Team spirit
- Must be fluent in English
Education Required / Level : Bachelor’s degree or equivalent
Experience Level : 3+ years’ in Corporate Actions( APAC Shift )