Corporate and Investment Banking Operations (Back Office) What would be the NOC

[Atharva]

Guys have profile similar like all of you, which NOC you guys choose finally ?

 

[Atharva]

• Collect financial and investment information about companies, stocks, bonds and other investments using daily stock and bond reports, economic forecasts, trading volumes, financial periodicals, securities manuals, company financial statements and other financial reports and publications
• Examine and analyze financial and investment information collected, including profiles of companies, stock and bond prices, yields and future trends and other investment information

I think these two points from 1112 make it a nearby match rather than 1114. What di you think?

Kindly let me know NOC you choose & current status of PR filling?

 

[Atharva]

Hi All,

Need your help. Received ITA a month ago. Requesting you to please check my job description below and advise which NOC would this come under. Have selected 1114 as of now.

PROFILE IN BNP PARIBAS INDIA SOLUTION PVT LTD.
Designation: Team Leader – Treasury and Capital Market Operations - Foreign Exchange and Money Market.
Working since: August 2014– Till Date
Company Profile: BNP Paribas is a French multinational bank and financial services company with global headquarters in Paris.

Responsibilities handled:

 Managing the Foreign Exchange and Money Market desk comprising of 10 members in supporting the Asia Pacific markets of BNP Paribas.
 Played a key role in the migration of the FXMM business from Hong Kong to Mumbai hub for the Asia Pacific markets. Ensured that the transition was smooth without affecting the quality of client service.
 Provide services to support part of Fixed income/Money markets/Forex products such as Inter-bank FX/MM, Corporate FX/MM, Non-deliverable Forward, Plain-vanilla Option, Complex Deposits etc. on the Regional Processing of FX/MM/CPD/FX Option for Asia Pacific sites.
 Catering to the Corporate and Interbank clients for 6 BNP Paribas APAC sites.
 Performing Supervisory Checks on a daily basis.
 Obtain all the necessary approvals required from compliance as per BNP Paribas policies before processing a Third Party payment as per client instructions.
 Provide on the job training to new joiners.
 Preparing Test Plan, Test Scenario and test cases for any particular project and closely liaise with the project team and IT team on the same.
 Direct contributor in preparing test cases and in the UAT testing of different possible scenario's in the migration project where the system was migrated from an application version to web version.
 Closely work with project management team for the development and change in the existing system.
 Coordination with the project management and development teams on a daily basis to update on the UAT testing done by the user and provide detailed feedback.
 Closely analyze STP Processing and work to increase STP without mismatch of Settlements Cash flows.
 Worked on systems like Kondor plus, FXT, Murex, Swift Alliance etc.
 Key contributor to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan.
 Co-ordinate with clients, global business partners, the Front Office, Middle Office, compliance, internal and external audit teams to ensure smooth business continuity.
 Conduct weekly/monthly video calls with Local BO of respective sites for discussion on previous month business related queries and also KPI numbers.
 Presenting monthly statistics to the Head of Operations on a monthly basis.
 Worked closely with the IT teams in Mumbai and Hong Kong in preparing different test cases and testing them in the UAT environment before giving the go ahead for the migration of the entire back office system to a internal web based system, thus helping the project to go live as per the schedule.
 Currently working with the project team in Transcom drafting project.

PROFILE IN J P MORGAN CHASE (I) PVT. LTD.
Designation: Operations Analyst –Derivatives and Currency Settlements
Working since: July 2011– July 2014
Company Profile:One of the leading global financial services firm with investment, research, banking, finance, insurance and other businesses.


Responsibilities handled:

 Possess thorough knowledge on Money Market, FX and FX Options. Handled the end-to-end operations for FX and Options settlements for 27 branches across J P Morgan.
 Part of the settlements desk comprising of 4 members for all the branches of J P Morgan operational during EMEA and NA hours.
 Client Money Reporting to the Senior Management on a daily basis.
 Handled the FX Confirmations desk comprising of 6 members for all the branches of J P Morgan operational during EMEA and NA hours (January 2013 Onwards)
 Act as a key point of contact for the Settlements and Confirmations for various global counterparts including the traders, the middle office and other internal teams
 Co-ordinate with clients, global business partners, the Front Office, Middle Office, etc. to ensure smooth business continuity
 Key member involved in various testing for the automation and better performance of both confirmation and settlement systems.
 Maintain and amend the control tick sheets in place for all the activities carried out by the team.
 Share excellent rapport with clients and counterparts with JP Morgan Chase.
 Was part of the SSI Project. The SSI project helps reducing the manual processing of the deals thereby increasing the STP. Have ensured all the new counterparties SSI are setup at the first instance. Also have kept the No Instructions queue to the minimum consistently.

Profile in Nomura Services India Pvt. Ltd.
Designation: Analyst – FX NDF and Options
Working since: September 2009– October 2010
Company Profile:Nomura Holdings, Inc. (Nomura) is a financial services company in Japan and has worldwide operations. The firm does business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity and private banking.
Responsibilities handled:
 Managing the NDF desk of 3 team members.
 Staffing and scheduling of team members with work allocation.

 Preparing MIS for management review.

 Liaise with the trading Desk for trade amendments & ensuring approvals for same.

 Confirmation of FX NDF and Option deals and drafting of Long form confirmation abiding ISDA’s agreement.
 Drafting of Novation agreements.
 Key member involved in testing and on boarding of clients for confirmation of FX NDF and Option deals via SWIFT which reduced Long form confirmation process to minimum.
 Key member involved in various testing for the automation and better performance of both confirmation and settlement systems.
 Research, report and resolve all fail trades.
 Liaise with the Front Desk for trade amendments & ensuring approvals for same.
 Resolving the daily Income Breaks, Position Breaks, and Cash Breaks.
 Designed internal checks in places to ensure error free processing in any sub-functions of the team.
 Designed training modules for new joiners ensuring correctly and timely training in trade confirmations process.

Profile inLehman Brothers India Pvt. Ltd/Nomura Services India Pvt. Ltd.
Designation: Analyst – Investment Management Division (Operations)
Working since: October 2006 to August 2009
Company profile: Lehman Brothers was a global financial-services firm. The firm had its business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity and private banking. It was a primary dealer in U.S. Treasury securities market.
Responsibility handled:
 Responsible for ensuring the complete and accurate reconciliation of the portfolio accounts managed, to the Custodian Bank where the assets are held and to provide accurate portfolio holdings and cash equivalent reconciliation. This includes the reconciliation of buy and sell of trades; dividends, income, and pay downs; cash transfers; and capital changes.
 Acquaintance with Bloomberg terminal for identifying Coupon & Pay down factor.
 Responsible for the migration of Daily Cash and Holdings Reconciliation to India.
 Using Cash Management as the application.
 Looking after the team’s performance on a day to day basis.
 Oversee and track the timely importing of Custody data by combination of website, mail ,fax , and email to complete the reconciliation process.
 Producing MIS and other internal operational reports that assists in the effective operation of the team.
 Performing end of day supervisory review to ensure all critical activities have been completed.

URGENT help, what NOC you choose finally ? what is your PR filling status ?

 

[Swathi gutha]

Hi all,

Need your help.Requesting you to please check my job description below and advise which NOC under this comes and matches the most
As I am currently working under derivatives team for fund accounting and it is back operations.
I am not finding any suitable NOC code.
please kindly assist on the same, it would be of great help so I can go forward with my application.

Designation is Senior Portfolio Associate under fund accounting.

Duties and responsibilities:

• Carrying out complex and sensitive Derivatives trade processing, accounting and analysis in accordance with established procedures and client expectations.
• Account Buy, sell and other transactions for Exchange Traded Derivatives securities (Futures and Options), on behalf of the clients and maintain accounting records on the basis of the instructions received from Brokers, Investment Managers etc.
Reconcile positions and cash of clients portfolios as recorded in accounting, against the broker statement or the instructions provided on daily or monthly basis based on the client requirement and ensure data accuracy.
Calculating mark to market for the clients portfolio on daily, weekly and monthly basis and posting it into accounting ledgers. Also reporting these to valuation team to further calculate the NAV for the fund.
Verifying the prices on the securities in the clients portfolio with the feeds recived from Reuters, Bloomberg etc based on the clients specification.
•Quality control – carry out audit tasks on a consistent basis and proactively implement and follow control measures to ensure top class client deliverables
• Collaborate across various stakeholders such as Investment Managers, Brokers, Clients and relationship managers to manage and answer complex client queries
• As a subject matter expert coach and assist lesser experienced team members and assist with troubleshooting issues encountered as part of the daily business deliverables
• Partner with IT teams and management to assist in transforming workflows and improving efficiency.


Thanks,
Regards,
Swathi

 

[Sabay]

Hi all,

Need your help.Requesting you to please check my job description below and advise which NOC under this comes and matches the most
As I am currently working under derivatives team for fund accounting and it is back operations.
I am not finding any suitable NOC code.
please kindly assist on the same, it would be of great help so I can go forward with my application.

Designation is Senior Portfolio Associate under fund accounting.

Duties and responsibilities:

• Carrying out complex and sensitive Derivatives trade processing, accounting and analysis in accordance with established procedures and client expectations.
• Account Buy, sell and other transactions for Exchange Traded Derivatives securities (Futures and Options), on behalf of the clients and maintain accounting records on the basis of the instructions received from Brokers, Investment Managers etc.
Reconcile positions and cash of clients portfolios as recorded in accounting, against the broker statement or the instructions provided on daily or monthly basis based on the client requirement and ensure data accuracy.
Calculating mark to market for the clients portfolio on daily, weekly and monthly basis and posting it into accounting ledgers. Also reporting these to valuation team to further calculate the NAV for the fund.
Verifying the prices on the securities in the clients portfolio with the feeds recived from Reuters, Bloomberg etc based on the clients specification.
•Quality control – carry out audit tasks on a consistent basis and proactively implement and follow control measures to ensure top class client deliverables
• Collaborate across various stakeholders such as Investment Managers, Brokers, Clients and relationship managers to manage and answer complex client queries
• As a subject matter expert coach and assist lesser experienced team members and assist with troubleshooting issues encountered as part of the daily business deliverables
• Partner with IT teams and management to assist in transforming workflows and improving efficiency.


Thanks,
Regards,
Swathi

Same as yours.. which NOC code u opted for?.. m confused between 1114 and 1212. Please advise

 

[Rajiv.P]

Hi Guys - Me too in same situation ... here is my question if anyone has similar profile for NOC code...https://www.canadavisa.com/canada-immigration-discussion-board/threads/noc-code-for-nomura-investment-banking-operations-analyst-client-services-in-listed-derivatives.728335/

 

[john26flynn]

Hi all,

Need your help.Requesting you to please check my job description below and advise which NOC under this comes and matches the most
As I am currently working under derivatives team for fund accounting and it is back operations.
I am not finding any suitable NOC code.
please kindly assist on the same, it would be of great help so I can go forward with my application.

Designation is Senior Portfolio Associate under fund accounting.

Duties and responsibilities:

• Carrying out complex and sensitive Derivatives trade processing, accounting and analysis in accordance with established procedures and client expectations.
• Account Buy, sell and other transactions for Exchange Traded Derivatives securities (Futures and Options), on behalf of the clients and maintain accounting records on the basis of the instructions received from Brokers, Investment Managers etc.
Reconcile positions and cash of clients portfolios as recorded in accounting, against the broker statement or the instructions provided on daily or monthly basis based on the client requirement and ensure data accuracy.
Calculating mark to market for the clients portfolio on daily, weekly and monthly basis and posting it into accounting ledgers. Also reporting these to valuation team to further calculate the NAV for the fund.
Verifying the prices on the securities in the clients portfolio with the feeds recived from Reuters, Bloomberg etc based on the clients specification.
•Quality control – carry out audit tasks on a consistent basis and proactively implement and follow control measures to ensure top class client deliverables
• Collaborate across various stakeholders such as Investment Managers, Brokers, Clients and relationship managers to manage and answer complex client queries
• As a subject matter expert coach and assist lesser experienced team members and assist with troubleshooting issues encountered as part of the daily business deliverables
• Partner with IT teams and management to assist in transforming workflows and improving efficiency.


Thanks,
Regards,
Swathi

Hey Swathi,

I hope you are doing well.

Did you find your noc code for your role after?

 

[Jhayeanne]

Yes fx, options, MM Settlements, confirmations and reconciliations.

Hi! I work in an IB- Back Office Operations too. May I know what NOC code did you end up using? Did it work?