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Job Title: Associate
Department: Business Services Operations (BSO) – Global Custody Corporate Actions & Income
About Business line/Function: Global Custody Corporate Actions & Income
Position Purpose: Global Custody team in BNP Paribas Securities Services are segregated into Corporate Actions, Income and Tax for operational efficiency and accuracy. Global Custody Corporate Actions & Income teams handle sourcing event announcements, calculate client eligibility, generate entitlements, process client instructions for optional and voluntary events, collection of cash/stock entitlements and process them to clients.
Responsibilities
Direct Responsibilities
· Cross‑check received information with other data sources.
· Contact local sub‑custodians to clarify and resolve any open issues.
· Analyze corporate events to anticipate reporting or processing challenges.
· Set up CA events in the Custody system.
· Collect and relay ongoing updates related to corporate events.
· Reconcile securities with sub‑custodian client positions at each event stage.
· Verify eligible account positions with the local sub‑custodian.
· Ensure all eligible positions are instructed by the response deadline (voluntary events only).
· Consolidate client instructions for voluntary events.
· Advise the local market by sending participation instructions to the sub‑custodian (voluntary events only).
· Confirm that participation instructions are acknowledged by the sub‑custodian.
· Track event payment dates and advise clients accordingly.
· Process event payments into client accounts after cash and/or securities are recovered from the sub‑custodian.
· Execute foreign‑exchange orders according to client setups.
· Perform manual cash or securities adjustments needed to finalize the recovery process.
· Justify any cash or securities breaks to Control Teams.
· Participate in brainstorming sessions and share best practices with peers and team members.
· Continuously evaluate and update documented procedures to keep them complete, accurate, and current.
· Be based in Chennai and travel as required.
· Work any shift supporting Asia, Americas, or European business hours.
· Follow established Business Continuity Planning (BCP) protocols.
Contributing Responsibilities
· Establishing communication links with Clients to discuss daily operational & performance issues.
· To assist team manager to handle day today activities.
· Other ad-hoc duties may be required from time to time
Technical & Behavioral Competencies
· Good knowledge in handling corporate actions and income related events for various instrument types
· Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
· Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
Specific Qualifications:
· 3-6 years of relevant corporate action experience.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
Behavioral Skills:
Education Level: Graduate/Post Graduate degree or equivalent in Commerce / Finance.
Location: Chennai, India (flexible shift coverage).
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.
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 across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop 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 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. 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.
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.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Associate - FDS - Corporate Actions & Income at BNP Paribas.
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.
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.
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.