Associate Analyst Level1 (Portfolio Transition)
Bnp Paribas Securities Services
Total years of experience :14 years, 9 Months
Highlights:
• Played a pivotal role in the completion of Portfolio Transition for Fullerton Asset Management in the year 2011 for 3.00 Billion Singaporean Dollars.
• Instrumental in completing the Sub-Custodian Migration in Mexico by moving the assets from Banco Santander to Banamex Mexico in the year 2011.
Key Responsibilities:
• Managing the new projects, transition projects in an efficient manner, leading the client migration team which deals with transitions, organizing the way to reduce the operational risk, improving quality and increasing the productivity thus reducing cost for the future.
• Working collaboratively with all major stakeholders:-Account Manager, Investment Manager, implementation and On boarding Managers, Relationship Managers and brokers across GTS and Business partners(Banking Services, Branch Network, Product, Operational Risk, Legal and Compliance) which comprises knowledge sharing, looking for opportunities to improve our service value proposition(By client/across the business) through continuous improvement activity.
• Delivering the quality settlement services to minimize portfolio risk by monitoring trades with market agents.
• Ensuring that, the deadlines are adhered and the exceptions are informed on pre-facto basis.
• Keeping abreast with market updates, cut off, settlement cycle, new products for which the client has subscribed for across various markets.
• Analyzing the portfolio list in terms of type of instruments, market and client specifications, to be accounting the pending corporate events for ensuring smooth transitioning of the assets.
•Drafting and Submitting monthly/annual client’s portfolio transitions MIS reports to the executive management. Identifying bottlenecks, recommending corrective actions for the same.
Manage the daily activities of Wealth Management operations including on boarding of new clients, fund transfers for investments, portfolio transitions and mortgages.
Provide periodic MIS including total logins, revenues and claw backs and Asset Under Management.
Work collaboratively with all major stakeholders including Sales teams, Credit department and Products teams to ensure the timely processing of various investments with in the TAT.
Work collaboratively with outside providers for new product launches and the operation function.
Ensure adherence to the compliance guidelines of the bank and the risk profiling mandates for all investment deals.
Timely reviewing of procedures and SOP for any changes in the process and documentation.
Monitoring of Leverage/Credit line setup for customers and ensuring the investment deals processed accordingly.
Liaising with providers for subscriptions/redemption's of mutual funds, platform products and ensure the deals are completed within the stipulated time frames.
Reconciliation of Mutual funds and dividends, bond’s coupons.
Responsible for implementing the wealth management system and ensures the stabilization of the system.
Successfully migrated client portfolios in to the new platform.
Key Responsibilities:
• Providing settlement services as per the global custodial SLA, portfolio/client referential in accordence to KYC for settlement of debt securities and equities.
• Coordinating and functioning mutually with client account managers/ investments managers and market agents to sort out any inconsistency and ensuring timely clearance and custody of classic fixed income and equity trades, MBS, TBA, equity options, new issues, UCITS and mutual funds unit’s direct purchase in the market.
• Strictly adhering to the process checklist and ensuring frequent updates for both process and market wise.
• Timely reviewing of procedures and SOP for any changes in the process.
• Resolving depository, custodial and clients’ books of accounts to ensure appropriate client reporting and working under the supervision and guidance of senior members of the department.
•Responsible for verifying FX processed by Sub custodians and appropriately fund clients Accounts.
• Responsible for Managing and booking FX based on client instructions and trade details (Group A, B, C Currency).
• Reconciling the client assets in the books of BNP vs Depository.
• Updating the Treasury Incident Database and understanding the ground reasons for such incident and constantly improving the process.
• Mitigating the market risk of Buy -In and Market penalty by, ensuring settlement of trades on time.
Key Responsibilities:
• Prepared and reviewed all monthly/annual financial statements including profit and loss, balance sheet and associated financial statements, monthly closing of accounts, summaries, cash flow projections, branch reconciliation statements, other cost-benefit analysis and financial management reports.
• Managed investments and working capital requirements, advised management on optimal utilization of financial structures within the company to enhance return on investment.
• Liaised with principal clients, vendors, financial and banking institutions on related activities supported to management on contractual negotiations that affect company’s financial/non-financial obligations.
• Evaluated financial reporting systems, accounting procedures and investment activities to recommend/effect requisite modifications in operating systems, and other financial control functions in liaison with management.
• Ability to analyze and interpret financial data and prepare financial reports, statements and projections.
• Examined financial accounts and records and prepared income tax returns.
CFA Level 1
Specialization in Finance.
