Senior Specialist, Securities Operations – China Securities

February 9, 2023

Senior Specialist, Securities Operations – China Securities

ReferenceITO002307

  • Standard / Permanent
  • CN-31-Shanghai
  • OPERATION PROCESSING
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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/

Position Purpose

 

• Bring Direct contribution to BNPP Securities China Project Operation Agency/Proprietary team setup and operational permanent control framework
• To help find operational solutions to new business development initiatives
• To strongly support & develop the best practices within Global market operations
• To ensuring all procedure are drafted, reviewed and updated to fulfill local regulator requirement and global standard
• Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
• Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
• Minimizing operational failure, including but not exclusively, the risk of fraud , by helping to devise, and by implementing ,sufficient regular  controls
• Comply with internal and external regulatory and compliance requirements

Responsibilities


Direct Responsibilities


The position is responsible for the following main activities:

• Bring SME knowledge of China Securities Market Agency/Proprietary Operation Front to Back workflow including reference data setup, account opening, trade support, cooperate action, Pnl, clearing and settlement, GL posting, reconciliation etc

• Familiarized with QFII client supporting model is a must for Agency Operation team; Index future, Commodity Future & Option experience is a plus for Proprietary Operations

• Familiarized with local vendor trading system, finance system etc. Know how to talk to different system/vendor onshore and offshore during the project setup stage in order to facilitate data flow feeding

• Expertise knowledge in China Securities Market A shares, Fund, Bond, South-connect, Options products trading/clearing/settlement workflow

• Familiarized with local regulatory reporting in the subject areas, including CSRC/SSE/SZSE/CSDC/PBOC etc. Know day to day reporting requirements including client suitability reporting, CSDC unified platform reporting

• Could be one of the main contact to face exchange/clearing house, particularly on the project setup stage. Know how to do the required application

• Previous China Securities Company setup experience is a plus for this position

Contributing Responsibilities

• Assist Ops head to set up the full operation department to fulfil local regulator and firm global standard

• Assist to identify Ops control framework

Permanent Control Aspects

For all staff other than managers:

– Direct contribution to BNPP operational permanent control framework.
– Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
– Comply with regulatory requirements and internal guidelines
– Contribute to the reporting of all incidents according to the Incident Management System
– Ensure audit recommendations are resolved within the specific timeline.

For all managers:

– Direct contribution to BNPP operational permanent control framework.
– Responsible for the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
– Responsible for ensuring team members to comply with regulatory requirements and internal guidelines.
– Responsible for reporting all incidents according to the Incident Management System
– Responsible for ensuring job descriptions are written, distributed and updated
– Ensure audit recommendations are resolved within the specific timeline.

For Global Markets Middle Office, Operations, IT, etc.:

– Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
– Ensuring appropriate escalation to management and/or Permanent Control (or Compliance as appropriate) as soon as an issue is identified

 

Technical & Behavioral Competencies

– Proficient in Microsoft Office
– Well-developed interpersonal, problem solving and influencing skills
– Exhibit high willingness to collaborate with all levels of the organization.
– Solution driven, highly motivated and able to lead team to set up the business

Specific Qualifications 

• All staff should hold CSRC Securities Practitioner certificate
• For specific qualification, please contact China Securities Compliance & HR to confirm qualification requirement
• Strong attention to detail with ability to produce accurate and quality work under tight deadlines and minimal supervision
• Good understanding of Securities industry, specifically Securities, framework
• Good understanding of SSE/SZSE Product/trading rules, CSRC/ CSDC regulations, risk control requirement
• Hands on experience in Operation daily activities
• Fluent in Mandarin and English (spoken and written)

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