Global Market Securities Settlements Team Lead

Job Description

Senior Associate – Trade Settlements | BNP Paribas

The Tone:
This is a leadership position within the Global Market Securities Settlements team at BNP Paribas Solutions Philippines Branch. BNP Paribas is a leading global financial institution, and its Solutions Philippines Branch supports critical global market operations. This role is essential for managing the settlement of North & South America Domestic Security transactions, ensuring financial stability, mitigating risks, and upholding the bank’s adherence to regulatory standards.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, Manila, Metro Manila

• Team: Global Market Securities Settlements team, reporting to direct management.
• Mission: Lead a team to manage timely and cost-effective settlement of North & South America Domestic Security transactions, resolve breaks, and mitigate associated operational and reputational risks.
• Tech Stack: Calypso

What You’ll Actually Do
• Settlement Management: Manage the end-to-end settlement process for security transactions booked in Calypso, ensuring timely instruction, matching, and settlement of trades.
• Reconciliation & Resolution: Resolve reconciliation breaks in Nostro and Depot accounts by investigating reports, processing entries in Calypso, and correcting accounting discrepancies.
• Risk Mitigation: Mitigate settlement costs and operational risks through strict compliance, monitoring market exposures like buy-ins, and enhancing Straight-Through Processing rates.
• Stakeholder Coordination: Coordinate and maintain strong relationships with internal stakeholders like traders and sales, external agents and custodians, and provide regular updates to direct managers.
• Escalation: Promptly escalate operational risks and potential issues to direct management for timely resolution.

The Must-Haves
• Background: Career level: Senior Associate/Leader. Requires experience in Prime Brokerage US Domestic Settlements operations or a related financial operations background.
• Experience: 3 to 7 years of experience specifically in Prime Brokerage US Domestic Settlements for Equities, with willingness to work US Shift hours (9:00 pm to 6:00 am SGT).
• Skills: Strong analytical skills to organize and report information; adaptability to changing environments; resilience in high-pressure situations; diligence in following procedures and compliance policies.
• Bonus: Bachelor’s degree in Finance, Economics, or related field; hands-on experience with Calypso or similar platforms; prior supervisory or mentoring experience in global financial operations.