Senior Associate – Cash PB – Wire Payment

June 26, 2024

Senior Associate – Cash PB – Wire Payment


  • Permanent
  • IN-Maharashtra-Mumbai
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Job Description

Cash PB – Wire Payment


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 24×7 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:

Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope.

Job Title:

Associate Level 1



Global Markets Operations – PB Wire payments



Business Line / Function:

Cash PB – Wire Payments

Reports to:




(if applicable)

Associate Level 1


Number of Direct Reports:


Directorship / Registration:


Position Purpose

Primary responsibilities of the team includes:

·        Timely action with regards to input or releasing payments to minimize any risk or impact to clients’ accounts

·        Timely resolution of nostro breaks

·        Mitigation of operational and reputational risk by escalating issues in a timely and efficient manner

·        Liaising with clients and other internal support functions for resolving issues pertaining to wire transfers


Key Responsibilities:

  • Responsible for ensuring wire transfers as per clients advice are processed in a timely manner by:                     
    • Ensuring payments are instructed and released from the system in a timely basis
    • Liaising with internal teams, agents and client representatives for payment related issues
  • Responsible for solving Nostro reconciliation breaks on a timely basis:
    • By investigating and, where possible, clearing all reported nostro breaks
    • By investigating and solving accounting breaks raised by Control & Accounting teams
    • Escalating items that represent operational risk to the direct Manager
  • Contribute to the minimising costs & operational risk:
    • By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
    • Monitors and take appropriate actions in case of market risks (buyins)
    • By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
    • By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
    • If necessary, using the escalation process when operational risk is detected
  • Contribute to the overall successful running of the process:
    • By maintaining close relationships with client reps and sales and escalating problems to them promptly where required
    • By maintaining good working relationships with domestic agents and custodians
    • By communicating with, and assisting, other operational departments where needed
    • Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
  • Process improvements and IT enhancements
    • Contribution to projects related to the efficiency of the processes and systems
    • Proposing new developments or improvements in the existing chain in order to secure the processes and reduce the operational risk

Skills and competencies:

  • Ability to analyse, organize and report efficiently. 
  • Flexibility on working methods and changing international environment.
  • Rigorous and reactive in order to face pressure and reach excellence anytime
  • Diligently follow the set procedures and Compliance policies
  • Strong knowledge of SWIFT payments such as MT202, MT 103, financial markets and products, and easiness/expertise in dealing with Excel.
  • English speaker

Experience Required


Minimum of 2 years’ experience


Skills Referential


Behavioural Skills: (Please select up to 4 skills) –


Ability to deliver / Results driven


Ability to collaborate / Teamwork


Communication skills – oral & written


Attention to detail / rigor


Transversal Skills: (Please select up to 5 skills)


Ability to understand, explain and support change


Analytical Ability


Ability to develop others & improve their skills


Choose an item.


Choose an item.


Education Level:

Bachelor Degree or equivalent


Experience Level :

At least 2 years


Other/Specific Qualifications (if required)


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