ASSOCIATE/ ASSOCIATE LEVEL 1 - WM OPS – PRE OPS CHECK (JOB NUMBER: OPE002644)

About BNP Paribas Group:


BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.



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 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:


SR. Associate – WM OPS – Pre OPS Check


Date:


01.05.2024


Department:


WM-OPS


Location:


INFINITY - MUMBAI


Business Line / Function:


OPERATIONS


Reports to:

(Direct)


Head of WM OPS- Pre-OPS Check


Grade:

(if applicable)


SR. Associate – WM OPS – Pre OPS Check


(Functional)


Number of Direct Reports:


NIL


Directorship / Registration:


NA



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
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 team members 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
"US" 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. Handle “AD_MM” role for STP-Client deposits via FileNet-WAUT, i.e. to reject back to FO, so that
FO submit via E-To-Do.
9. Retrieve supporting documents and answer enquiries related to C&C, OPC, Compliance,
Governance, internal and external auditor’s checks.
10. Responsible in assisting Front Office by answering their enquiries.
11. Participate in BCP/WADI drill, process improvement initiatives, workflow change projects and
adhoc projects.
12. 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.

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)


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Transversal Skills: (Please select up to 5 skills)


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Education Level:
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Experience Level


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Other/Specific Qualifications (if required)


Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : Beginner
Schedule
: Full-time