WM Remittance: Senior Associate

Job Description – APAC

 

 

About BNP Paribas Group:

BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group 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”.

 

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24×7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals – Information Technology, Operations and Finance Shared Services.

 

About Businessline/Function :

Wealth Management Operations in ISPL started in 2018, provide back office services for BNP WM Singapore, Hong Kong and Taiwan. Processes include Security Custody Services, Remittances, Loans and Deposits and Security Masterfile.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Job Title:

Associate – WM OPS -Remittances 

Date: 

01.01.2019

Department:

WM-OPS

Location:

INFINITY – MUMBAI

Business Line / Function:

OPERATIONS

Reports to:

(Direct)

Grade: 

(if applicable)

Associate – WM OPS -Remittances 

(Functional)

Number of Direct Reports:

NIL

Directorship / Registration:

NA

Position Purpose

To involve in the transaction processing for Remittances of BNPP WM OPS WITH THE OBJECTIVE to facilitate smooth functioning of Operations Objectives of BNPPISPL for all the sites handled.

Responsibilities

Direct Responsibilities

1. Operations MANAGEMENT: Process Remittances related transactions to ensure that they are accurate, as per the prescribed service delivery standards and as per the SLA with the sites.

2. OPERATIONS RISK MANAGEMENT: Maintain control over outstanding and unreconciled entries. Implement control plans and pay attention to risk related areas in operations.

3. COMPLIANCE: Ensure adherence to internal guidelines, compliance, legal and regulatory aspects.

4.Anti Money Laundering / Financial Sanctions (“AML/FS”) related duties

Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS-related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

Contributing Responsibilities

1.OPC: Contribute to the Operations Permanent Control framework

2. CUSTOMER SERVICE: Monitor turnaround times, and operational efficiency. 

3. CLIENT RELATIONSHIP MANAGEMENT: Support MO to address ultimate client needs and resolve customer complaints if any.

4. INFORMATION MANAGEMENT: Preparation of MIS and reports to management as required.

Technical & Behavioral Competencies

1. Familiarity with Computer applications, MS Office, etc.

2. Familiarity with Back Office Operations, Processes and systems.

3. Knowledge on various regulations connected with Banking Operations.

4. Operational Risk awareness

5. Product Knowledge on Wealth Management

 

 

 

 

BEHAVIOURAL COMPETENCIES REQUIRED:

 

1. Communications Skills

2. Interpersonal Skills

3. Taking Initiative and Risk Management Skills

4. Client Focus 

 

Specific Qualifications (if required)

Qualification: Bachelor Degree and /or Master Degree: B.Com. M.Com.

                                             

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Adaptability

Communication skills – oral & written

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Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

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Education Level: 

 Bachelor Degree or equivalent

Experience Level

At least 1 year

Other/Specific Qualifications (if required)

Bachelor Degree and /or Master Degree: B.Com. M.Com