Private Capital Associate

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships. 

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.  

* excluding partnerships

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.

https://careers.apac.bnpparibas/ 

The Private Capital Associate plays a critical role in the Private Capital team. The role will require technical expertise in processing and reviewing functions with respect to PC Administration services delivered to the BNP Paribas client base.

The role is responsible for the output and service delivery of the PC team and will include the provision of technical expertise for all middle office and back office activities. This role will focus on the delivery of daily activities for PC assets, but also support onboarding and transitions, as well as business change projects and business improvements, to ensure a consistent and sustainable operating model.

What would be your typical day at BNPP Paribas look like? 

Primary Role Responsibilities

The operational controls and oversight will include the review and delivery of the following activities: 

• Processing, record keeping and control of capital calls, distributions, subscriptions, redemptions and transfers of shares/units/ownership interest
• Review and analysis of documents received in relation to any direct or indirect investments before instructing dedicated team to make the related payments
• Reconciliation of assets and market valuations
• Ensure all PC transactions have been executed on the dedicated platforms 
• Prepare & review NAV reports– including prepare and review of final trial balances and all underlying portfolio information, fee calculations i.e. management fee and waterfall, accruals and expenses booking to ensure that information is up to date and complete
• Preparation of client reporting on a monthly/quarterly/semi-annually/annually basis
• Ensure dedicated team’s timely payment processing for fund fees and expenses in accordance with internal procedures
• Ensure completion of the funds’ audit accordance with agreed timeframes and timely filing of the AFS & FAR with CIMA (as applicable). 
• Assist the managers on the requests from the quality assurance team, operational risk team, internal audit team requests, ISAE audit team etc.
• Prepare and present Administrator Reports for presentation at Fund meetings as required.
• Assist in the on boarding of new assets including system setup, review of documentation, and liaising with related internal and external counterparties in a timely manner, including fund migrations

Project and restructure work

In addition, the Private Capital Associate where required, will actively participate in strategic internal and external meetings along with the rest of the team, and will provide input regarding new business requests. They are subsequently responsible for ensuring the operational implementation of any service delivery changes to meet client needs.

Other contributions

Risk and Compliance:

• Ensure the operating model in compliance with regulations, market infrastructure evolution and BNP Paribas internal control rules and meet compliance and regulatory obligations
• Ensure relevant risk migration controls including authentication check and vigilance screening are performed when processing manual instruction as required by the Bank policy and local regulations if applicable

Conduct:

• Adhere to the Code of Conduct and act accordingly internally, when facing clients and providers

What is required for you to succeed?

Individual Leadership:

• Active participation in client and internal meetings where required
• Operational leadership of change incorporating client requirements and process reviews
• Carry out all activities related to transaction processing and carrying out our ‘business as usual’ tasks
• Full service delivery in line with client SLA’s
• Business Implementation – including onboarding of new clients, restructures, product development, statutory and regulatory change
• Supporting the overall service delivery via cross-team cooperation/communication
• Act as a conduit of change for business, IT and client projects across the organisation. 
• Actively contribute and participate in all Culture and Leadership initiatives
• Influencing the desired culture of flexibility, accountability and openness to change and leading by example
• Ability to adapt to change, and to approach team and organizational changes with an innovative approach 

Client Service:

• Assist AVP/VP to resolve client issues or changes
• End of year financial reporting to meet specific client SLA terms
• Ensuring implementation of operational risk and legislative requirements in all output

Commercial Focus 

• Analysis, innovation, development and implementation of change and process improvement 
• Maintain and monitor the BNP Paribas Risk Control Framework for the services provided to client, including formal supervision and working closely with Risk and Compliance and Operational Controllers, identifying potential risks and developing controls to mitigate them

Required education/certification/licenses

• Related alternative investment experience within the financial services industry preferred
• Proven track record with regards to managing change processes, and the ability to create and implement solutions
• Ability to foster and maintain strong interpersonal relationships both internally and externally
• A strong technical background incorporating aspects of valuation of PC assets, impacts on fund accounting, and reporting
• Excellent attention to detail
• Ability to work well individually, and within a small team environment