Job Specifications
About BNP Paribas
BNP Paribas is one of Europe’s leading banks with an international presence in 68 countries and more than 193,000 employees. We provide clients with financing, investment, savings and risk management solutions while maintaining the highest ethical standards.
In the UK, our history dates back to 1867. Today, our clients benefit from our global reach, expertise and long-term commitment to building a responsible and sustainable financial future.
BUSINESS AREA
You could work in one of the following areas within Securities Services:
Middle Office:
Within Middle Office you will have the opportunity to work in Trade Management & Income, Corporate Actions & Income and Derivatives.
Trade Management & Treasury: Provides clients with middle office trade management services to capture, match, settle and report all trading activity across several securities and cash products, on their behalf.
Corporate Actions & Income: Responsible for the full life cycle of all UK and Overseas Corporate Action and Income events.
Derivatives: Responsible for the trade capture, matching, settlement and reporting of all trading activity across several Derivative products. The key responsibilities of this role include ensuring that all trades are captured correctly for accounting and client reporting purposes whilst also ensuring timely settlement in the market.
Fund Accounting:
This department has responsibility for a number of different functions inclusive of daily Net Asset Value (NAV) production, periodic oversight controls and production of statutory financial statements. The Department provides such functions for a range of fund types.
The team works closely with clients, auditors, fund managers, tax advisers, custodians, depositaries, boards of directors and other external service providers to ensure the provision of services is of the highest possible standard, all external deadlines are met, and a robust control framework is adhered to.
Banking And Service Operations (BSO):
Within BSO you will have the opportunity to work in Local Custody and Global Custody departments.
Local Custody: Provides Clearing, Settlement, Cash, Corporate Actions, Income, Tax services for UK and international clients. These are mainly Institutional Investors (Asset owners, Asset Managers), Financial intermediaries (Broker Dealers, Global custodians), and other BNP Paribas branches.
Global Custody: Provides the same range of services to Institutional investors and asset managers who open a Global Custody account in the UK to hold assets in over 90 countries.
UK Private Capital:
This department consists of both Fund Accounting and Fund Administration functions, responsible for the periodic production of financial statements and any supporting fund calculations, documentation and transaction processing. This includes, but is not limited to, the production of drawdowns, distributions, equalisation, Net Asset Value (NAV) packs and capital statements and the processing of trades, invoices and payments.
The team works closely with clients, auditors, fund managers, tax advisers, custodians, depositaries, boards of directors and other external service providers to ensure the provision of services is of the highest possible standard, all external deadlines are met, and a robust control framework is adhered to.
Loan Solutions:
Loan Solutions UK provides debt solution services across a variety of products, focusing primarily on the Collateral Debt Obligation and Loan Fund markets. They provide a premier account administration service for loan portfolios across a number of global clients.
THE INTERNSHIP
Our nine-week Securities Services internship involves initial training and then spending time in one of our Securities Services business areas, taking on real responsibility from the start and contributing to live client projects.
This is your opportunity to develop skills and build your network and potentially obtain a place on one of our graduate programmes.
What You’ll Do
ROLES AND RESPONSIBILITIES COULD INCLUDE:
Middle Office:
Meet client KPIs and service delivery commitments.
Timely completion of internal team management information.
Assist in managing responses to clients, broker, custodians and other departments within BNP Paribas Securities Services to help resolve operational issues.
Adhere to procedures and controls in performing allocated tasks.
Assist in documenting procedures and controls for new and existing processes.
Timely escalation of any issues to Assistant Vice President and Vice President.
Ensure corrective and preventative action is taken, and evidence retained, where deadlines / quality standards are at risk.
Fund Accounting:
Daily NAV exception processing (actual vs expected results).
Daily NAV oversight reporting.
Reconciliation of accounting positions.
Production of Board Packs.
Proof reading of Financial Statements.
Production of supporting Tax calculations.
Production of scheduled packs to assist