Senior Manager, Middle Office Services - BNP ParibasWhat is this position about?
Middle Office forms part of the Asset & Fund Services division of BNP Paribas Securities Services, supporting a variety of assets classes including Equities, Fixed Income, Foreign Exchange, Cash, Listed Derivatives, OTC and Reconciliations. Additionally, the team provides support to our client's start of day positions, matching and monitoring of settlements, cashflows, and reporting.
The roles within the Sydney Middle Office team are organised in alignment with the Global Middle Office processes of Asset Servicing, Transaction Management, OTC, Account Management, and Business Transformation.
The Sydney Middle Office team's primary purpose is to ensure our clients receive high-quality Middle Office services. This includes the execution of daily production to meet SLAs and KPIs, management of queries, resolution of issues, delivery on client change, and continual development of our operating model.
The Sydney Middle Office team is also responsible for oversight of outsourced functions, including their daily operations and overall performance.
We value teamwork, maintaining good working relationships internally and with our clients, and ownership of our risk and control environment.
Primary Role Responsibilities Client Service Delivery Manage a team of approximately 4-6 people and coordinate resources effectively.Ensure the team manages client escalations and issues for Middle Office and appropriate escalation to the Head Of Middle Office.Lead Middle Office updates in Client Service reviews and Ops to Ops meetings. This includes maintaining client action logs, ensuring service review content is comprehensive, and providing key metrics, achievements, details of incidents, and issues as required.Ensure the team builds strong collaborative relationships with clients.Escalate client issues appropriately for resolution within the broader MO and identify impacts to other clients.Drive the team to deliver client incident reports by BD10.Client reporting (for example STP and KPI reporting) is analyzed and identifies opportunities for efficiencies and service enhancements.Support regulatory changes with key stakeholders and clients.Chair the Middle Office Client Forum. Oversight of Outsourced Functions Drive the team to be accountable for escalations on current issues.Drive preventative measures on operating incidents with account managers and offshore teams and track to closure.Drive the reconciliation framework to reduce breaks and increase transparency.Enhance the governance and oversight model and meetings, drive better KPIs analysis, issues logs, change pipeline, resourcing, attrition, and MIS.Conduct periodic reviews of SLAs, procedures, and BCP plans. Change and Execution Support client change and new service initiatives as required.Generate ideas for process improvement to systems and processes. Risk Management Ensure that the team adheres to the risk and control framework, including the maintenance and update of internal procedures.BIRDIES are managed within required timeframes.Manage the incident process effectively and within reasonable timeframes.Maintain and understand back-up and contingency plans in the event of system outages. Other Contributions What is required for you to succeed? Ensure the team works - Listen and respond constructively to other team members' ideas. Build strong partnerships across the firm and externally to help achieve results for the firm and client alike.Encourage creativity and innovation - take a different perspective to a problem and go beyond the existing frameworks suggesting new ideas suitable for their clients.Client focus - Demonstrate an understanding of excellent client service and understand the issues facing their client.Ensure the team shows accountability - and is committed to achieving the organisation's objectives. Demonstrate perseverance and accountability for own actions.Attention to detail - ensure accuracy and implement processes to ensure quality of output. Ensure high personal and team standards in all areas of work.Communication - Oral: express ideas effectively in individual and group situations. Adjust communication style to match the needs of the audience. Written: express ideas clearly in all written documents, using professional, appropriate language at all times, and adhering to the use of the BNPP Email Protocols.Team orientation - work with the team and the broader organisation towards shared goals and treat all colleagues and clients as partners.Planning & execution - establish courses of action for self and others to ensure work is completed efficiently. Effectively manage own time and resources to meet deadlines and quality standards. Desired Knowledge, Skill, Experience Qualifications Degree education - preferable commerce and finance. Technical Skills 10+ years experience in Securities Services.Knowledge of the fixed income, equities, foreign exchange, cash & FX markets, and corporate actions and derivatives.Solid understanding of outsourced Middle Office services. Systems Knowledge TradeFlowHi-PortfolioCalypsoIntelliMatchMS Word and Excel (intermediary/expert). About BNP Paribas
As the leading European Union bank and one of the world's largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional, and private investors spanning corporate and institutional banking, wealth management, asset management, and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion, and applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community.
BNP Paribas MixCity fosters better representation of women at all levels of the organization.
Ability is the mutual aid network for employees with a disability or a disabling or chronic illness.
BNP Paribas CulturAll celebrates diverse backgrounds.
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
If you require any reasonable adjustments during the recruitment process, please feel free to reach out to us at [1] au.nz.recruitment [at] asia.bnpparibas (dot) com or 9221 3026.
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