Job Description

Business Overview:

BNP Paribas Securities Services is a multi-asset servicing specialist committed to helping clients achieve their ambition both in terms of investment and cross-border distribution. Our extensive network of over 95 markets and the rich diversity of our people enables us to provide our institutional clients with the connectivity and local knowledge they need to navigate change in a fast-moving world.

Within Securities Services, and among the business units and professionals supporting clients globally, is the Custody Settlements and Cash Operations team of BNP Paribas NY Branch (Bank/Global Custodian business). Our team 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 the Chesterbrook, PA office and is part of a dual-office structure with peers located in the Lisbon, Portugal offices of Securities Services. The team manages the daily flow of financial transactions, settlement and reporting between the client and the local market agent or international/central securities depositories. While the team’s volumes and daily activity is weighted towards the US market (DTC/NSCC, Fed), our coverage includes the fast-growing global custody offering that is supported across regions.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

Results and Impact

Able to influence peers and team.
Demonstrates good judgement when making decisions of high complexity and impact.
Exercise appropriate autonomy in the execution and delivery of work. 
Responsible for driving outcomes, which have meaningful effect on team or department.

Leadership and Collaboration:

Creates trust with colleagues.
Acts in leadership capacity for projects, processes, or programs.

Client, Customer and Stakeholder Focus: 

Able to build relationships with a mix of colleagues and clients.
Interacts regularly with management and department leaders.
Demonstrates the ability to influence stakeholders at the team level. 

Compliance Culture and Conduct: 

Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

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

Minimum Required Qualifications:

College/University degree
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
Fed direct participant experience – 1 years or more

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)

FINRA Registrations Required:

Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

Not Applicable 

The expected starting salary range for this position is between $65,000 to $75,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include 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, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.