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Assistant Vice President - Hedge Fund Services

BNP Paribas — Mumbai, MUMBAI

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Experience 0-5 Years yrs
Age 21-35 yrs
Gender Both
Salary 7.5 LPA
Department Sales Loans
Product Loans

Job Description

Job Title: Assistant Vice President 

Department: ISPL-2S

About Business line/Function: Hedge Fund Services (HFS)

Position Purpose: Independent delivery of the following activities accurately and in timely manner for Hedge funds administrator. 

Responsibilities

Direct Responsibilities

  • Applicant will be expected to run the operational areas on a day-to-day basis for team
  • The job requires good Organizational and People Management abilities
  • Having 1-1 with the team members
  • Demonstration of commitment to continuous process improvement is required.
  • The position interfaces with other Senior Managers, Business Analysts, Business Managers, Relationship Managers, Customers and other Securities Services Offices in Europe and Asia.
  • Adhere to policy of risk and control
  • Secure all Audits are managed properly, and zero findings reported.
  • Ensure procedures are in place to efficiently deal with exceptions and that they are reviewed, researched, documented, and resolved in a timely manner.
  • Secure all the necessary training has been provided to the team members to undertake the relevant tasks.
  • Strictly adhere to Main Performance Indicators for the process and achieving the same on a regular basis.
  • Closely collaborate with businesses to deliver on the management objectives set for the business
  • Prepare monthly reports on the team’s performance and present them to Management.
  • Solid technical understanding of Fund Accounting / Fund Services functions is expected.

Contributing Responsibilities

  • Direct involvement in integrating new business & actives that will be transferred from other locations 
  • Build robust working relationships with a network of counterparts in other Securities Services Locations and senior Management.
  • Working on work allocation, having complete oversight 
  • Good communication
  • Ensure all the deliveries of the process are met and maintained as per the service agreement.
  • Defining the Main Performance Indicators for the process and achieving the same on a regular basis.
  • Securing the delivery of quality services to client organisations with consistent green KPIs
  • Oversee staff to take corrective measures/actions.
  • Having proper contingency planning during BCP
  • Aligning with organization goals 
  • Know-how of specific BNP Paribas/Securities Services Control processes and tools 

BCP Responsibilities

  • Acts on behalf of, and by delegation of Department head who remain fully tasked with the department BC Plans.
  • Accountable for designing, upholding, and organising BCM documentations (BIA, BC Plan, Call Tree list etc.) and testing of BC Plans and solutions (BCP testing, Call tree testing, participation in different level BCP & DR testing)
  • Offer 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 delivering regular status updates on business recovery to the BC Manager.

Technical & Behavioral Competencies

  • Sound hedge fund accounting and hedge fund reconciliation experience (understanding of process and business required).
  • Overall, 12+ years experience with at least 10 years+ in FA Domain
  • End to End exposure in Fund Accounting Stream with understanding of Hedge Fund Accounting, Pension Funds, etc.
  • Basic know-how of upstream teams like Middle office, Pricing, Corporate Action, TA etc.
  • Interest and Track record in FA Operational Transformation
  • Business Migration Expertise 
  • Must have handled Business Continuity Exercises
  • Resources Hiring and Training Skill
  • Internal and External Audit Management
  • Re-engineering of Legacy Processes
  • Adequate understanding of FA System Data Flow 
  • Be able to express ideas efficiently in individual and group situations
  • Aptitude to work in an organized manner.
  • Generate creative solutions to problems.
  • Always looks for ways to upgrade services and processes.
  • Understanding about Financial Instrument like Equities, Bonds, Futures, Options, Swaps, and ABS.
  • Should have decent know-how about Bloomberg, IDC & Reuters
  • Should have decent grasp about Excel – Pivots, financial functions
  • Should have decent communication 
  • Working understanding of Advent Geneva is added advantage

Specific Qualifications:

Graduates / Postgraduates: M.Com / PGDBM / MBA Finance preferred, NCFM Certified 

Relevant years of experience: At least 10 years min. 

  • Client Focus - Complete commitment to give professional, intelligent and timely responses to our customers’ needs and to changes in the market.
  • Communication - Oral: Expressing ideas successfully in individual and group situations. Adjusting communication style to match the needs of the audience. Written: Expressing ideas clearly in all written documents. Use professional, appropriate language always, and adhere to the use of the BNPP Email Protocols. 
  • Team Management - Productively oversee team members to accomplish goals, respect the needs of others and displays integrity in dealing with team members. Deliver timely feedback on the performance of the individual and document the same. Work on skill development through training. Undertake frequent skill development analysis for everyone.
  • Continuous Improvement and adaptation - Generate creative solutions to problems, Capacity to plan work ahead and to prioritize workload in an organized manner. Always look for ways to strengthen services and processes. 

Abilities Referential (Required understanding, competencies and abilities)

Transversal Abilities:

  •  Analytical Ability 
  •  Capacity to create and adapt a process 
  •  Capability to understand, explain and support change
  •  Capacity to create and make use of networks
  •  Capacity to inspire others & generate people's commitment

Behavioral Competencies: 

  • Client organisation focused
  • Communication capabilities - oral & written
  •  Aptitude to collaborate / Teamwork
  •  Capability to provide / Results driven 

Other/Specific Qualifications: Exposure to global colleagues, clients and teams preferred. Shape a solid working relationship with global offices is core. 

Education Level: Master’s degree or equivalent

Location: Mumbai/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, such as more than 145,000 in Europe. The Group has core positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses among them BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional customers. Based on its robust diversified and integrated model, the Group helps all its client organisations (individuals, community associations, entrepreneurs, SMEs, corporates and institutional customers) 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 over 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 solid 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, empowering 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 throughout the Group. Driving innovation and development, we are harnessing the potential of over 10000 employees, to give support and build 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 opening 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 customers and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is core to our success in serving our client organisations and the communities we operate in.

This Assistant Vice President - Hedge Fund Services vacancy is based in Mumbai.

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Frequently Asked Questions

What are the eligibility criteria for the Assistant Vice President - Hedge Fund Services job at BNP Paribas?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-5 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Assistant Vice President - Hedge Fund Services at BNP Paribas?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Assistant Vice President - Hedge Fund Services at BNP Paribas.

Is prior experience required for this position?

This role requires around 0-5 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Assistant Vice President - Hedge Fund Services role at BNP Paribas?

You can apply directly using the Apply Now button on this page, which will take you to BNP Paribas's application process for this role.