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, cash flows 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 Change/Strategic Operational Model.
The Sydney Middle Office team’s primary purpose is to ensure our client receive quality Middle Office services. This includes the execution of our daily BAU to SLA/KPIs, management of queries, execution of client change and the continual evolution of service enhancements and the timely resolution of issues.
Middle Office has a high number of roles located offshores and the Sydney Middle Office team is responsible for oversight of the daily operations and performance of the outsourced functions.
In the context of performing these team’s responsibilities it is essential all team members maintain good working relationships with all stakeholders, take ownership of maintaining a robust risk and control environment and live the BNP Way principles.
Supports the key Middle Office processes of Trade Processing (Equities, Fixed Income, Matching and Settlements, Repos, Secured Loans), Collateral Management, FX and Money Markets, Cash Processing, Trade Support (STP, Alert, and Claims), Exchange Traded Derivatives and Transitions.
Deliver Asian Fund Trade Reporting daily, coordination with internal teams and clients to meet daily due deliverables.
Support Transition and new account setup activities, including Tradeflow ID’s etc.
Oversight of Outsourced Functions
Competencies (Technical / Behavioural)
Creativity and Innovation – takes a different perspective to a problem and goes beyond the existing frameworks suggesting new ideas which are suitable for their clients;
Client Focus – Demonstrates an understanding of excellent client service and understands the issues facing their client;
Accountability - committed to achieving the organisation's objectives. Demonstrates perseverance and is accountable for own actions.
Attention to detail - ensures accuracy and implements processes to ensure quality of output. Ensures high personal standards in all areas of work.
Communication - Oral: expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience. Written: expressing 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 - works with the team and the broader organisation towards shared goals and treats all colleagues and clients as partners
Knowledge of one or more of the required product areas – Asia Pacific and Global markets experience Ideal.
Knowledge of Swift, the various Swift messages and their purpose.
Technical skills –
Knowledge of Omgeo CTM for fixed income and equities market.
Knowledge of generic broker dealer, investment manager and custodian payments processing and systems.
Systems knowledge -
MS Word and Excel (intermediary/expert)