Verified Job
Accounting - Finance
WM SCS Security Transfer 26 Fees Collection Associate Associate Level
Accounting - Finance
#308473
Remote / WFH
Job Description
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About BNP Paribas Group:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 1++,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions
About Business line/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 level1 / Senior Associate
Corresponds to Inputter
Date:
2021
Department:
Wealth Management Operations ISPL
Location:
BNP Paribas India Solutions Private Limited (ISPL),Mumbai
Business Line / Function:
Wealth Management
Reports to:
(Direct)
Head of Equity & Mutual Fund Team
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Transfer team’s goal is to ensure transfer of Securities by T+2 and ensure all cash and security breaks are timely reconciled . Also to process adhoc account closure fees and pierodic fees
Responsibilities
i) Direct contribution to BNPP operational permanent control framework
ii) Comply with regulatory requirements and internal guidelines
iii)Contribute to the reporting of all incidents according to the Incident Management System
iv)Contribute to the optimal quality customer service in securities processing
·
• Co-ordinate with counterparty on transfers of securities.
• Process instructions to various custodians for settlement.
• Liaise with Front Office / dealers on necessary documentation for the processing of transfers settlement.
• Update clients’ positions in system.
• Follow up and monitor the progress of failed transfers.
• Update status of any failed transfers by the stipulated settlement date in Failed Transfer Report.
• Compute, advise and debit clients’ account on relevant transfer charges. Update waiver file if fees are waived.
• Assist in custody fees, management fees and account maintenance fees collection.
• Pass entries for the fees collection or update waiver file if the fees are waived.
• Compute relevant outstanding fees for account closure.
• Pass entries for the fees collected or update waiver file if the fees are waived.
• Handle queries on transfers and fees collection from Front Office.
• Ensure procedures and control measures are strictly adhered to.
• Reconciliation of daily documents received from LBS with their Control Checklist.
• Participate in BCP documentation / drills and be updated on BCP drills/activation
• Sorting of mails.
Technical & Behavioral Competencies
· Essential knowledge and experience of Settlement and Swift processing
· Fluent in English (spoken and written).
· Excellent communication and interpersonal skills.
· Should possess strong fundamental and technical skills, awareness of operational risk.
· Excellent PC skills, especially in Excel.
· Able to work under pressure and exhibits strong problem solving skills.
· Understanding the importance of data integrity.
Specific Qualifications (if required)
· Minimum 2 years of relevant working experience
· Bachelor’s level degree or professional qualification
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Client focused
Adaptability
Transversal Skills: (Please select up to 5 skills)
Ability to develop and adapt a process
Ability to develop others & improve their skills
Analytical Ability
Ability to understand, explain and support change
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 2 years
Other/Specific Qualifications (if required
About BNP Paribas Group:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 1++,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions
About Business line/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 level1 / Senior Associate
Corresponds to Inputter
Date:
2021
Department:
Wealth Management Operations ISPL
Location:
BNP Paribas India Solutions Private Limited (ISPL),Mumbai
Business Line / Function:
Wealth Management
Reports to:
(Direct)
Head of Equity & Mutual Fund Team
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Transfer team’s goal is to ensure transfer of Securities by T+2 and ensure all cash and security breaks are timely reconciled . Also to process adhoc account closure fees and pierodic fees
Responsibilities
i) Direct contribution to BNPP operational permanent control framework
ii) Comply with regulatory requirements and internal guidelines
iii)Contribute to the reporting of all incidents according to the Incident Management System
iv)Contribute to the optimal quality customer service in securities processing
·
• Co-ordinate with counterparty on transfers of securities.
• Process instructions to various custodians for settlement.
• Liaise with Front Office / dealers on necessary documentation for the processing of transfers settlement.
• Update clients’ positions in system.
• Follow up and monitor the progress of failed transfers.
• Update status of any failed transfers by the stipulated settlement date in Failed Transfer Report.
• Compute, advise and debit clients’ account on relevant transfer charges. Update waiver file if fees are waived.
• Assist in custody fees, management fees and account maintenance fees collection.
• Pass entries for the fees collection or update waiver file if the fees are waived.
• Compute relevant outstanding fees for account closure.
• Pass entries for the fees collected or update waiver file if the fees are waived.
• Handle queries on transfers and fees collection from Front Office.
• Ensure procedures and control measures are strictly adhered to.
• Reconciliation of daily documents received from LBS with their Control Checklist.
• Participate in BCP documentation / drills and be updated on BCP drills/activation
• Sorting of mails.
Technical & Behavioral Competencies
· Essential knowledge and experience of Settlement and Swift processing
· Fluent in English (spoken and written).
· Excellent communication and interpersonal skills.
· Should possess strong fundamental and technical skills, awareness of operational risk.
· Excellent PC skills, especially in Excel.
· Able to work under pressure and exhibits strong problem solving skills.
· Understanding the importance of data integrity.
Specific Qualifications (if required)
· Minimum 2 years of relevant working experience
· Bachelor’s level degree or professional qualification
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Client focused
Adaptability
Transversal Skills: (Please select up to 5 skills)
Ability to develop and adapt a process
Ability to develop others & improve their skills
Analytical Ability
Ability to understand, explain and support change
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 2 years
Other/Specific Qualifications (if required
