Senior Associate - Trade Settlements

Bnp Paribas Bank; Philippines; On-site; PHP 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Calypso experience preferred

Job summary

BNP Paribas Solutions Philippines Branch seeks a leadership professional to manage North & South America Domestic Security settlements, ensuring timely and cost-efficient processing of bonds, equities, ETFs, and related products.

The role focuses on matching commitments, resolving Nostro/Depot breaks, and mitigating operational and reputational risk in line with policies, while coordinating with traders, custodians, and internal teams.

Qualifications

• 3–7 years of experience in Prime Brokerage US Domestic Settlements or equivalent operations.
• Experience with US shift schedule (9:00 pm–6:00 am SGT).
• Ability to analyze, organize and report information efficiently.
• Flexibility to operate in an international environment and comply with policies.
• Strong diligence in following procedures and compliance policies.

Responsibilities

• Oversee settlement of security transactions booked in Calypso and ensure timely matching and settlement.
• Identify and reduce failing trades; manage cash funding for trades.
• Investigate Nostro/Depot breaks and rectify accounting issues.
• Maintain relationships with traders, sales, agents, and custodians; report to management.
• Escalate operational risks and potential problems promptly.

Skills

Analytical skills

Adaptability

Resilience

Compliance

Education

Bachelor's degree in Finance/Economics

Tools

Calypso

Job description

The role is a leadership position within the Global Market Securities Settlements team at BNP Paribas Solutions Philippines Branch. The primary purpose is to lead a team in managing the timely and cost-effective settlement of North & South America Domestic Security transactions (including Bonds, Equities, Complex Securities, ETF, SLAB, and Repo). The role focuses on matching commitments with counterparties, resolving nostro and depot breaks, and mitigating operational and reputational risks in accordance with Group and Regulatory Policies.

Job Responsibilities

• Settlement Management: Oversee the settlement of security transactions booked in Calypso; ensure trades are instructed, matched, and settled promptly; monitor and reduce failing trades through pairing off or partial deliveries; and manage cash funding for trades.
• Reconciliation & Resolution: Resolve Nostro and Depot reconciliation breaks by investigating reports from Securities Control teams, passing entries into Calypso, and rectifying accounting breaks.
• Risk Mitigation: Minimize settlement costs and operational risks by adhering to compliance rules, monitoring market risks (buy-ins), improving STP (Straight-Through Processing) rates via static data updates, and reducing manual instructions to agents.
• Stakeholder Coordination: Maintain strong professional relationships with traders, sales, domestic agents, and custodians; collaborate with other operational departments and provide regular updates to direct managers.
• Escalation: Promptly escalation operational risks and potential problems to direct management.

Required Education, Skills and Experience (Must Have)

• Experience: 3 to 7 years of experience in Prime Brokerage US Domestic Settlements operations for Equities or a relevant operations background.
• Availability: Must be amenable to working the US Shift schedule (9:00 pm to 6:00 am SGT).
• Analytical Skills: Ability to analyze, organize, and report information efficiently.
• Adaptability: Flexibility regarding working methods and the ability to operate in a changing international environment.
• Resilience: Ability to maintain performance excellence within a high-pressure environment.
• Compliance: Strong diligence in following established procedures and Compliance policies.

Preferred Education, Skills and Experience (Nice to Have)

• Bachelor's degree in Finance, Economics, or a related field, or relevant professional certifications.
• Prior hands-on experience with Calypso or other industry-standard settlement and trading platforms.
• Previous experience in a supervisory or mentoring role within a global financial operations environment.