Job Title: Assistant Manager – ISPL WM LBS Pre Ops
Department: ISPL WM LBS Pre Ops Team
About Business line/Function:
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 24x7 global delivery center. We partner with 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.
Within the Asia Pacific CIB IT & Operations organization, the WM Internal Control team is under the management of the WM Head of Operations and Internal Control, and works in close relationship with the ISPL WM Operations team, Regional Processing Centre, and WM APAC Conduct & Control teams
Position Purpose:
To involve in the Pre-OPS Checking for Security Custody Services, Remittances, Loans and Deposits of BNPP WM OPS WITH THE OBJECTIVE to facilitate smooth functioning of Operations Objectives of BNPPISPL for all the sites handled.
Responsibilities
Direct Responsibilities
In this role, you will
i) Direct contribution to BNPP operational permanent control framework.
ii) Responsible for the implementation of operational permanent control policies and procedures in BAU activities.
iii) Responsible for ensuring to comply with regulatory requirements and internal guidelines.
iv) Responsible for reporting all incidents to the IMS team.
v) Responsible for ensuring job description are written, distributed and updated.
vi) Participate in projects in relation to WM-Operations.
vii) Act, behave appropriately and comply with the general ethical standards expected by the Bank and relevant Regulatory Authorities, particularly in, but not limited to, proactively protecting and safeguarding the interests of its clients, the integrity of the markets and the Group's reputation.
viii) Comply with all applicable legal, regulatory and Group's internal Compliance requirements
including, but not limited to, Financial Security, Know Your Customer due diligence, International Financial Sanctions, Client Interest Protection, Market Integrity, Data Protection.
ix) Complete all necessary Compliance training to maintain appropriate business and compliance level of knowledge and understanding in order to be fully competent to undertake the role.
Contributing Responsibilities
1. Responsible for signature verification and confirmed party via Sign Plus (check that the call back is done with the authorized person(s), for amount/value less than USD100k or equivalent) of Outward Remittance/Internal Transfer of Funds/ Securities Transfers/ Counter Services transactions (i.e. Cheques, Deposit/Issuance of CO’s/Drafts) via FileNet-WAUT and/or E-To-Do.
2. Responsible for monitoring the SPOC mailbox, acknowledge information/document request from TWIST filtering Team-Level B1 and contacting internal departments to provide timely and relevant information/document for routing to Level B1.
3. Verify client signature via Sign Plus for email attachment with instruction for Buy/Sell securities orders, Placements, DPM instruction.
4. Review and close Funds/Securities Transfer E-To-Do cases on request type “Perform Independent Call-Back” that are done by Client Management Independent Call-Back team.
5. Check E-To-Do request type “Closure of Account” cases, to confirm cash balances (should be Nil) and securities positions (should be Nil) in 81xxxxx and 82xxxxx, and validate the cases back to Client Management.
6. Review E-To-Do request type “IPO-Financing / IPO-Non Financing” cases, check that there is no "U.S" legal domicile, presence of a full LA agreement , i.e. JU-333 (can accept fax and email attachment) and validate to Securities Transfer team.
7. For HK Placements only, to verify personal particulars via EUCLID and perform signature
verification via Sign Plus, and load required Client's information into FINI platform.
8. Retrieve supporting documents and answer enquiries related to C&C, OPC, Compliance,
Governance, internal and external auditor’s checks.
9. Responsible in assisting Front Office by answering their enquiries.
10. Participate in BCP/WADI drill, process improvement initiatives, workflow change projects and adhoc projects.
11. Periodic review and update of procedures and user guide, in relation to changes and updates in processing steps, operational workflow, WM policies, instruction notes, approval matrix, regulatory, etc.
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 Operations.
4. Operational Risk awareness
5. Product Knowledge on Wealth Management.
1. Communications Skills
2. Interpersonal Skills
3. Taking Initiative and Risk Management Skills
4. Client Focus
Specific Qualifications:
• 6 to 10 years of experience in Remittance and Securities transfer
Qualification: Bachelor Degree and /or Master Degree: B.Com. M.Com.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
- Advanced Excel / Microsoft Office
Behavioral Skills:
- Critical thinking
- Communication skills - Oral & written
- Ability to synthetize / simplify
- Ability to collaborate / Teamwork
Transversal Skills:
- Ability to develop and adapt to a process
- Ability to understand, explain and support change
- Ability to set up relevant performance indicators
Education Level: Bachelor’s degree or equivalent
Location: Mumbai
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 specialized 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, corporate 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.
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.
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, color, 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. 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.
