Hedge Fund Administration Operations Analyst


Company:: BNP Paribas
Location:: King of Prussia, PA
Job Type:: Full Time
Category:: Hedge Funds


Posted:: 12/14/2012

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Job Description

About BNP Paribas:
BNP Paribas (http://www.bnpparibas.com/) has a presence in 80 countries with nearly 200,000 employees, including more than 150,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.

Position Overview:
As part of Operations Team for BNP Paribas Hedge Fund Administration Team, the analyst performs daily production on single hedge funds. The client base includes global investment management firms servicing domiciles in the United States and Cayman Islands as well as other worldwide domiciles working congruently through the BNP Paribas Securities Services network. This is a client facing role.

Responsibilities:
Daily Production
•         Ensure data integrity for all data sources feeding the processing platform
•         Reconciliation of Cash and Currency Balances with Prime Broker(s)/Custodian(s)
•         Defining Instruments within the Security Master
•         Position and Trade Reconciliation between the Investment Manager and the Prime Broker/Custodian
•         Calculating Daily Profit and Loss from Trading Activity
•         Calculating Specific Fixed Income Accruals
•         Creating and Updating Fund Specific Fee Accruals
•         Processing Subscriptions/Redemptions into/out of the fund
•         Allocating daily gains/losses to investors of the fund
•         Pricing/Valuation of Securities
•         Generation of Daily Statements
•         Presentation of Statements for Signoff from Senior Analyst
•         Distribution of Daily Statements to Client

Maintenance/Innovation of Platform
•         Analyst is responsible for seeking out best practices for processing and valuation of instruments
•         Proactive support of Development Projects including daily interaction, follow up, and testing
•         Continually review production process looking for automation opportunities

•         Finance/Economics or Financial Services Related Degree
•         Must have working knowledge of SQL Server/Visual Basic
•         Possesses an in-depth knowledge of the platform processing tools assigned to each strategy
•         Able to effectively communicate with operations development staff by writing detailed specifications
•         Must have attention to detail as well as strong work ethic
•         Possesses basic knowledge of the Global Trading Markets
•         Understands OTC Derivative term sheets/confirmations and how the platform interacts with these documents
•         Strong valuation, quantitative, analytical, and economic skills
•         Ability to produce quality output under challenging deadlines
•         Highly proficient in computer applications, in particular Excel
•         A commitment to learn about both financial and foreign exchange markets
•         A strong, confident personality with excellent communication skills
•         Must be willing and able to work extended hours if necessary

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