Senior Associate - Custody Cash Operation

About BNP Paribas India Solutions

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union's leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines : Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.

About BNP Paribas Group

BNP Paribas is the European Union's leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity : Commercial, Personal Banking & Services for the Group's commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, 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, BNP Paribas has four domestic markets : Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

About Business Line / Function

BNP Paribas acts as a custodian bank for their clients which is a specialized financial institution responsible for providing securities services. It provides post-trade services (Clearing & Settlement) and solutions for asset owners, asset managers and broker-dealers. BNP has physical possession of its clients' financial assets. These could include cash, stock certificates, bonds, and other financial instruments and are responsible for safeguarding these types of assets.

Job Title

Senior Associate

Date

Department : Custody Cash Ops

Location : Chennai

Business Line / Function

BSO

Reports To

(Direct)

Grade

(if applicable)

(Functional)

Assistant Manager

Number Of Direct Reports

Directorship / Registration :

NA

Position Purpose

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team's goal.

Cash department performs a task of processing on the daily BAU as per the Standing operating procedure for the particular process / Team. Good understanding of the business expectation, including knowledge of SWIFT messages. Demonstrated commitment to continuous process improvement is required.

Investigations require handling of customer queries on all failed or otherwise Cash, Securities and Foreign exchange transactions within specified timelines and the Job also requires handling and settlement of Late compensation claims for any delayed cash settlement.

Responsibilities

¡ Should adhere to the set SLA's and ensure delivery within the agreed timelines.

¡ Should adhere to the set SLA's and ensure delivery within the agreed timelines.

¡ Should handle all incoming and outgoing instructions within the respective currency cut-offs.

¡ Should work towards error free processing and cost minimization.

¡ Should be willing to work under extreme pressure and for extended hours, if job demands

¡ Carrying out various identification checks to comply with anti-money-laundering regulations and prevent fraud

¡ Answering client account manager, other internal department queries and handling telephone calls concerning payments or other related queries.

¡ Ensure all the quires are handled with at most care without errors / mistakes and within the TAT.

¡ Taking corrective measures / action in consultation with the Assistant Manager

¡ Escalate unresolved open items to Assistant Manager / Manager.

¡ Maintain Communication Channels with internal peer groups.

¡ Participate in Cross Training sessions.

¡ Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.

¡ Should work closely with all departments.

¡ Knowledge on various settlement methods like EBA, Chips, Chaps, Target, FED, RTGS MEPS+ etc. used in Europe, U.S.A and Asia would be an added advantage.

Knowledge on various applications related to Payments & Reconciliation would be an added advantage.

Knowledge And Skills Required

¡ Thorough understanding of all Capital market, Financial Instruments, Investment baking processes and above average accounting skills

¡ Good verbal and written communication.

¡ Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.

¡ Ability to work independently, as well as in a team environment, prioritizes multiple tasks and meets strict deadlines

¡ Proficient in Microsoft Office Applications and strong MS Excel skills required.

Specific Qualifications (if Required)

¡ Graduates / Post Graduates (B.Com / MBA Finance preferred)

¡ Knowledge on Capital Markets instruments is an added advantage

¡ Should able to work in different shifts.

¡ High computer typing skills

¡ Good knowledge of MS Office and MS Windows required

¡ Good Communication skills

Skills Referential

Behavioural Skills : (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Adaptability

Choose an item.

Transversal Skills : (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process

Choose an item.

Choose an item.

Education Level

Master Degree or equivalent

Experience Level

At least 3 years

Skills Required

Microsoft Office Applications, Ms Excel