Associate - Securities Services Fund Accounting NAV

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.

About Business Line/Function

The IFSO Fund Account team will perform Fund Accounting functions for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.

Position Purpose

BNP Paribas is seeking a proactive and creative team player to work with the team. The ideal candidate for this position will possess strong know how of the process and act as an effective back-up to his/her supervisor. The position will work closely with the Fund Accounting team to keep them motivated and devise continuous ways to improve the process.

Responsibilities

Direct Responsibilities

Service Delivery

• Become a SME (Subject Matter Expert) of the process by acquiring complete knowledge and understanding of NAV Calculation Processing & Review across all funds and instrument types.
• Ensure NAV calculations are produced in a timely manner as per SLA. Completeness of NAV packs includes accurate report generation, timely delivery of reports, scanning, and archiving.
• Ensure all reconciliation breaks in TA, Cash & Stock are validated and justified for each calculated NAV.
• Ensuring the KPI’s are always kept in green.
• Preparation of Key/Standard Operating Procedures for each process migrated.
• Consistently evaluate the documented procedures to ensure they are complete, accurate, and up to date.
• Prioritize the work and conduct investigation with due diligence on all the discrepancies.
• Carrying out other ad-hoc duties may arise from time to time, mainly during month-end and year-end periods.
• Ensure critical queries are reviewed before sending. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.
• Ensure reports are thoroughly reviewed and most updated information is provided.
• Assist manager in preparing & reviewing reports.
  
  

• Adhere to 100% quality standards while producing and reviewing NAVs.
• Ensure there is no financial impact or loss to the organization.
  
  

• Manage staff on daily BAU and to take corrective measures/actions, if required. Keep staff/team updated on any changes or events impacting BAU. Proactively escalating the BAU/staff issues to Manager.
• Identifying staff training requirements and ensure all the necessary training is provided to team members to perform their relevant tasks.
• Conducting daily team huddles, weekly team meetings and regular one-on-ones with team.
• Develop SMEs and ensure a back-up management tool is in place for all the team members.
  
  

• Enforce 100% compliance of ISAE3402. Carry out sample testing on daily basis and document the results.
• Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
• Identify the manual steps, process efficiencies and developments, by providing practical ideas on areas of improvement and work towards its automation.
• Minimize the unplanned leaves, especially during business-critical day such as month-end, rollover days, and fund migrations of new funds.
  
  

• Monitor the respective group mailbox and respond quickly to the queries.
• Adherent to timeliness and quality as stated in SLA.
• Ensure there is no financial impact or loss to the organization.
• Ensure ISAE 3402 checks are understood and followed. 100% compliance is mandatory for all NAV packs.
• Act as a back-up in the absence of other team members.
• Assist supervisor in resource planning and BAU planning.
• Continuously strive to improve the process and bring efficiency in the chain
• Share process and product knowledge with fellow team members.
  
  

• Acts on behalf of, and by delegation of Department head who remain fully responsible for the department BC Plans.
• Responsible for designing, maintaining and organizing BCM documentations (BIA, BC Plan, Call Tree list etc.) and testing of BC Plans and solutions (BCP testing, Call tree testing, participation in various level BCP & DR testing)
• Provide business data for analysis, design and testing stages of BC Plan
• Alerting the BCM team of any business continuity incident with potential impact to business
• Organizing an appropriate business response for your department upon confirmed crisis scenario by mobilizing the recovery teams and communicating relevant instructions, and providing regular status updates on business recovery to the BC Manager
  
  

• Candidate must be a bachelor’s degree holder with a degree in Accounting, Financial Management, Treasury Management or any other related field of studies.
• Ability to communicate clearly and articulate ideas effectively
• Strong people management and team player skills
• Much have excellent written and oral communication skills
• Strong listening skills with the ability to ask relevant and insightful questions
• Ability to express ideas effectively in individual and group situations
• Ability to plan work ahead and to prioritize workload.
• Ability to work in a structured and organized manner.
• Must have high level of attention to details
• Ability to develop and implement creative solutions to problems.
• Continuously seeks opportunities to improve services and processes.
• Ability to adapt to markets and clients evolution.