Job Title: Assistant Manager – SCS Transfer & Fees
Department: WM - Operations
Business Line / Function: Wealth Management
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
Position Purpose
The Securities Settlement Specialist is responsible for:
· Processing the daily operations of WM activities, ensuring accuracy and timeliness.
· Monitoring settlement fails, investigating root causes, and executing remediation actions.
· Ensuring compliance with regulatory requirements and internal policies.
· Identifying and implementing process improvements to enhance operational efficiency.
· This role requires a proactive, detail-oriented, and collaborative approach to support the team in maintaining seamless trust operations.
Responsibilities:
Direct Responsibilities
Ensure instructions for the day are all received and will be processed by inputter.
Monitor the progress of settlement of all transfers.
Check and approve the updates of positions into clients’ portfolio for settled transfers transaction.
Ensure prompt follow up of failed or delayed settlement of transfers.
Ensure failed transfers are updated in the Failed Transfer Report.
Check and approve transfer fees that are debited from the clients’ account.
Assist in queries on transfers.
Coordinate collection of semi-annual custody fees and account maintenance fees.
Handle enquiries on custody fees and account maintenance fees.
Check and approve entries passed for custody fees/account maintenance fees collected. Ensure waiver file updated for fees that are waived.
Coordinate collection of quarterly and semi-annual management fees.
Handle enquiries on management fees.
Check and approve entries passed for management fees collected. Ensure waiver file updated for fees that are waived.
Check relevant outstanding fees for account closure i.e. transfer fees, custody fees and management fees.
Approve entries passed for fees collected for account closure.
Ensure procedures and control measures are strictly adhered to.
Reconciliation of daily documents received from LBS with their Control Checklist.
Preparation of management report i.e. quarterly failed transfer report.
Participate in BCP documentation / drills and be updated on BCP drills/activation.
Technical & Behavioral Competencies:
Technical Skills
Proficiency in MS Office Suite, with advanced Excel skills being highly valuable.
Product knowledge of equity, mutual funds, foreign bonds, and structured products.
Behavioral Skills
Proactive, enthusiastic, and creative with high attention to detail.
Highly collaborative and team-focused, with the ability to interact effectively with a wide range of stakeholders.
Strong risk and control mindset to ensure compliance and operational integrity.
Skills Referential:
Behavioral Skills
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to synthesize / simplify
Resilience
Transversal Skills:
Ability to understand, explain, and support change
Ability to develop and adapt to a process
Specific Qualifications:
Education Level: Bachelor’s Degree or equivalent (3 years) in Business, Finance, or a related field.
Experience Level: At least 5-9 years of relevant experience in a similar domain.
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, 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.
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, 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. 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.
