Assistant Vice President –FDS Offshoring

Job description

**Job Title:** Assistant Vice President **Department** : Chief of Staff **About Business line/Function:** Fund Dealing Services **Position Purpose:** The Fund Dealing Services (FDS) team sits within the broader custody operations team and supports the end-to-end trade lifecycle for our Australian and New Zealand based clients that invest in managed funds (also known as unlisted unit trusts). This includes account opening, trade management, reconciliations and pricing. The successful candidate will be an experienced manager with a strong risk and control mindset, an ability to drive process improvements and digitalization, a collaborative management style and ability to create a positive team environment. **Responsibilities** Direct Responsibilities - Oversight and accountability for the day-to-day processing of the team across, ensuring excellent client service and risk management - Compliance with local and global regulations and market standards - Ensure adherence to internal risk and control frameworks, participating in internal/external audits and various internal control testing - Developing team members and creating an environment that encourages innovation and supports personal growth for team members - Developing and maintaining relationships with key stakeholders - Compilation of monthly statistics to manage the business, ensuring KPIs are met or remediation plans are in place - With the onshore oversight location, ensure any deviation from our standard operating models are formally agreed internally and documented - With the onshore oversight location, ensure engage with IT and an agreed roadmap for platform enhancements Contributing Responsibilities The FDS team is focused on 3 key deliverables for a large client base. Key tasks performed by the team are listed below. Trade Management - Processing of application and redemption instructions for clients investing in managed funds - Generation of payment instructions before daily cut-offs - Timely translation of trade data into the accounting system - Settlement of trades in accounting system - Reconciling cash balances of statement to ledger - Reconciling unit differences between external registry to ledger - Processing in accounting system of periodic transactions (management fees/rebates) - Responding to client and Fund Accounting queries Month End Reporting - Investigation and resolution of breaks relating to the month-end unit reconciliation for all clients’ managed fund holdings - Data entry of data compiled in reconciliation template - Generation of reporting and statistical data for internal and external clients Pricing - Monitoring daily market price delivery from Vendor, validate price movement based on FDS benchmarks - Manual price update in unit pricing and indexation system (UPI) - Monitoring periodic EX prices delivery from Vendor, validate and process EX prices, DIV and DRP in a timely manner - Pricing exemption procedures process - Pricing static data set up and maintenance - Responding to internal and external stakeholder queries **Technical & Behavioral Competencies** - 10+ years experience in financial services industry, particularly within a large custodian environment - Experienced people manager - Demonstrable experience of managing processing teams with tight market deadlines - Strong awareness of risk and control frameworks **Specific Qualifications** - Strong technical knowledge of managed funds (unlisted unit trusts) market in Australia, New Zealand and/or internationally **Technical Skills** **Skills Referential** **(** **Required knowledge, skills and abilities)** - Familiarity with HiPortfolio and trade management platforms desirable **Behavioral Skills** - Ability to collaborate / teamwork - Brainstorm in group to define the best course of action. - Allocate tasks according to the group decision. - Accuracy: - Implement preventive actions to avoid issues. - Follow up on to do list for the team. - Ability to deliver on time / Results driven - Ensure to meet the agreed deadline. - Ensure that the outcome is always in line with the agreed expectation. **Education Level** - Degree qualified in Business, Finance, Accounting or related discipline is preferable. - Having market related qualifications such as CPA, CFA qualifications would be desirable **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.