Analyst - Settlements and Cash

About the role

The Custody Settlements and Cash Operations team of BNP Paribas NY Branch supports client's post-trade processes including trade and global CCY cash settlement along with foreign exchange, mutual fund and physical certificate management. This role is based in Chesterbrook, PA and is part of a dual-office structure with peers located in Lisbon, Portugal.

Responsibilities

• Status (before, on, and post contractual settle date), troubleshoot and settle transactions with service partners, external clients, agents/depository, and/or counterparties towards trade fail mitigation
• Daily monitoring and deadline driven processing of incoming and outgoing transactional instructions from/to client and to/from agent/depository
• Adherence to client Service Level Agreements/Descriptions (SLA/SLD)
• Inquiry management, with attention to established timelines
• Strict observance of Daily checklist, procedural and internal/regulatory/compliance/operation risk controls
• Status and resolve cash and/or stock breaks between custody and client or agent/depository and custody along with any additional risk data as assigned by team lead/manager
• Elevate potential risk – client, counterparty, reputational, financial, regulatory, etc. to team leads/manager with immediacy
• Review OFAC/Sanction blocks of transactional activity and complete Compliance/Regulatory/Continuing Education ahead of assigned deadlines
• Develop solutions with peers, service partners and IT to continually improve quality of service delivery, reporting, and transactional flows with attention towards cost effectiveness, automation, system enhancements, new products/services and efficiency
• Involvement in client/agent/depo asset migrations, system UAT, industry changes, business continuity support, audits or significant productions changes (note: will include some weekend coverage across the year in each location)
• Actively participate and contribute to personal development and career development alongside the team lead/manager – training courses, research, BNP initiatives, etc.
• Enrich fail, trade status, and/or client reporting and communicate with service partners towards delivering premier services, developing relationships, and improving the client experience; locally and with global peers across client facing and operational teams
• Cross train with peers across global and US activities covered within the Settlements and Cash team for seamless solution delivery
• Actively participate in projects – independently, with team/partners, and regionally

Qualifications

• Bachelor’s Degree required
• Experience in the financial services industry at a bank/broker, service provider or as a custodian
• Familiarity with the trade lifecycle and industry participants to the process flow
• 1 years or more years experience in Fed direct participant experience
• Solid analytical skills and extremely details oriented
• Strong risk awareness

Preferred Qualifications

• SWIFT messaging - securities, cash, reporting and FX message types
• Client or Operational support experience for global agent network
• Background in project lifecycle participation, delivery and reporting
• Fedwire or CHIPs funds transfer experience
• DTC experience (or global depository, ICSD)

Benefits

Our comprehensive benefits package includes medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, including eligibility for a discretionary bonus, will be provided during the hiring process.

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

Equal Opportunity Employer

We are committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.