Custody Account Manager

Custody Account Manager


Custody Account Manager

Details of the offer

Position: Global Custody Account Manager (3PAM) (9 months contract)

Description of the Department
The Account Management team is dedicated to providing a premier level of service to the 3 rd Party Asset Manager (3PAM) relationships of BNP Paribas Securities Services. The 3PAM Clients that we deal with are appointed by our contracted Master Custody Clients.
The provision of outsourced solutions to both global and domestic 3PAM's is one of BNP Paribas Securities Services primary target market segments. 3PAM's are recognised as being key influencers in the market providing feedback to our current clients with respect to existing service levels, to potential clients as a point of reference and to the industry in general through their responses to industry wide surveys and conferences.
The Account Management team is responsible for all aspects of service delivery and relationship building for our 3PAM Clients. This broadly covers all portfolio cash and securities reporting (including any customised reporting), reporting of failed and settled transactions, overseeing all cash and securities related transaction processing* (and the subsequent settlement of these transactions through our agent bank network) and the key point of contact for enquires (fails, corporate events, income, accounting enquiries etc.).
All non-custody related transactional flow and query management are managed through the Middle-office Services team.

Summary of the role:

3PAM Clients
The GC Account Manager has overall responsibility for the management of a suite of 3PAM relationships and the subsequent service delivery to those managers.
The GC Account Manager is responsible to achieve fully referenceable relationships with all of its managers.
The GC Account Manager is the point of contact between the Investment Manager and all internal stakeholders, for Investment Manager's global custody needs.
The GC Account Manager is also responsible for conducting regular service calls and face-to-face service reviews, managing the overall relationship for BNP Paribas and developing our brand in this segment.
Global Custody transaction processing is completed by the CCS teams in Chennai, but awareness of transactions is required by the GC Account Manager.

Key Responsibilities

3PAM Clients
The role has full accountability of BP2S's global custody offering, including the following:

Day to day management of the relationship

Receiving queries and issues from Investment Managers and working through to a resolution of each in an effective and timely manner

Implementation and active management to resolution of an issues and service matrix for each relationship

Act as global custody reporting agent for the Investment Manager

Working with internal teams to ensure the Investment Managers requirements are effectively represented

Oversight of custody reconciliation breaks

Resolution of internal queries and issues, including non-receipt of funds, Auto-FX and unadvised credits.

Ensuring BNP Paribas internal policies and controls are not compromised.

Active participation in client and Investment Manager relationship and service review meetings

Back - up and cross cover other team members in times of absence.

Follow the procedures of the team and escalation when there are gaps or processes not able to be completed.

Source: Learn4Good



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