Reconciliations Analyst

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Job description

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 72 countries, with more than 202,600 employees, of which almost 155,000 in Europe. The Group 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.

In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

Business Overview:

BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 35 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
• Leadership and Collaboration
• Client, Customer and Stakeholder Focus
• Compliance Culture and Conduct

Responsibilities:

• Perform daily reconciliation of assigned operational function by analyzing custody and third-party data against accounting system data.
• Work closely with multiple external and internal parties to identify and resolve transaction discrepancies, including unmatched and failed trades, dividend/coupon variation, foreign exchange and derivatives contracts, account overdrafts, and bank wires.
• Analyze various sources of financial data to identify potential areas of risk and assist in developing appropriate process improvements.
• Perform monthly, quarterly, annual, and ad hoc reporting for internal and external clients. Assist clients with any follow-up questions that may arise.
• Collaborate with internal teams to streamline break resolution and identify areas for greater operational efficiency.
• Work with client and custodian banks to oversee cash balances in base and foreign currencies in order to maximize trading opportunities while limiting unwanted exposure.

Minimum Required Qualifications

• Strong decision-making, critical-thinking, and analytical-reasoning abilities.
• Knowledge of, or demonstrated ability to learn, financial concepts and investment accounting principles.
• Ability to work both independently and collaboratively.
• Strong attention to detail with the ability to manage multiple tasks simultaneously.
• Strong verbal and written communication skills.
• Strong intellectual curiosity and desire to learn.
• Ability to listen to, reflect on, and incorporate feedback.

Preferred Qualifications:

• Bachelor's Degree in Accounting/Finance or equivalent.
• Knowledge of investment accounting, investments, and trading

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
• Leadership and Collaboration
• Client, Customer and Stakeholder Focus
• Compliance Culture and Conduct

Compensation and Benefits:

• The salary range for this position is $52,000 - $60,000 commensurate with experience, qualification, and performance. Compensation can also vary based on other factors, such as cost of living.
• This position is eligible for an annual discretionary performance bonus
• Full medical, dental, and vision insurance package
• Life insurance
• Paid time off
• Retirement plan (401(k)) with company match vesting after 3 years
• Parking/transit program

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.