BNP Paribas - Glasgow - Investment 20/20 - Banking Services and Operations Trainee (Global Custody)

Company Overview  

BNP Paribas is the European Union’s leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.

We are proud to be part of the Investment20/20 Trainee Scheme. Joining us as a trainee means you will become part of one of the strongest banks in the world with one of the largest international networks. We strive to recruit and develop the best people at all levels, and are offering a one year placement within our Securities Services business to those seeking to enter the financial services sector.

The programme offers an excellent opportunity to gain hand's on experience and will give you the chance to experience a full-time role in one of our business lines or functional areas. From the outset, you will be contributing to the output of your team, taking responsibility and working with leading professionals.

 Business Area

Securities Services is a leading global custodian and securities services specialist that provides multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. 

The Banking Services and Operations (BSO) Department delivers services in three areas: 

• Local Custody, which provides Clearing, Settlement, Cash, Corporate Actions, Income, Tax services for UK and international clients. These are mainly Institutional Investors (Asset owners, Asset Managers…), Financial intermediaries (Broker Dealers, Global custodians…), and other BNP Paribas branches. 
• Global Custody, which provides the same range of services to Institutional investors and asset managers who open a Global Custody account in UK to hold assets in over 90 countries. 
• Broker Dealer Outsourcing, which provides Back-office outsourcing services of Settlement, Financial accounting and Transaction reporting for Mid-size Brokers. 

Job Purpose

The position is for a Trainee within a team based in Glasgow. The first objective of the role is to learn, understand and develop key skills required to support key Global & Local Custody activities. Once training has been provided and key skills have been learned, there will be potential for the Trainee to provide practical support and assistance across many Global & Local Custody tasks.  

This role is part of a team providing direct support and contact with clients and internal teams in relation to Global and Local Custody UK activity on all markets.  They will assist in ensuring that queries and issues are responded to in a timely and appropriate fashion along with completing all aspects of the daily BAU as contained in the daily checklists. The team are responsible for the full end to end Custody Settlement function, and this will cover Global & Local Settlements tasks.  Daily BAU includes covering and resolving all topics/tasks in relation to Global Custody Corporate Actions, Class actions, Income and Local & Global Custody Reconciliations.

The selected candidate will cross train and may work within the teams of; Reconciliations, Tax, Settlements, Corporate actions and Income. They provide direct support to clients including operational, market and processing knowledge. 

Core accountabilities of role

• Query management –after the appropriate training period, ensuring these are answered in an accurate and timely manner.
• Be responsible for accurate and proactive production of own work.
• Completion of tasks are in line with procedures.
• Adopting a pro-active approach to issues and events that may have significant impacts for the clients.
• Adopting a pro-active approach to improve the current processing of work.
• Supporting the Team to ensuring clients receive a Desired level of service or better.
• Holding/attending meetings/calls /due diligence /service review with clients/internal parties/external parties with support from relevant colleagues
• Liaising with clients and internal parties to resolve any issues
• Ensure key controls are updated and maintained.
• Support with the updating and maintaining procedures and proposes changes / improvements when appropriate.
• Build strong relationships with all parties and work together effectively.
• Ad-hoc projects as required
• Ensuring the escalation of problems to group head/department management.