Job Description
ASSOCIATE LEVEL 1 (JOB NUMBER: LOC000355)
Job Description
Job Title:
Associate Level 1
Date:
Department:
Local Settlements
Location:
Chennai
Business Line / Function:
BSO
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
Position Purpose
The role of an Associate Level 1 in the Local Settlements team requires the person to facilitate settlement of Client trades in the relevant Settlement Centre. The role has a weightage attached to it as the person will have to possess good knowledge of the Trade life cycle & the Clearing and Settlement activity. The person forms the core of the team by performing critical activities that aid in trade settlement. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.
Responsibilities
Direct Responsibilities
Local Settlements:
Capturing of client transactions into Settlement system without any error.
Keeping clients posted on the latest status of their trades with BNP.
Prematching of the client trades in the clearing houses / Counterparties
Matching client SSI
Placing the client’s trades into respective Clearinghouses to enhance the settlements.
Liaising with the counterparties and various other internal and external stakeholders to enhance the process of settlement.
Settled positions need to be accounted properly in the client accounts and appropriate reconciliation need to done.
Cash and positions control checks should be always kept as top priority.
Calculation of client margins and posting of the same need to be adhered.
Support the team and other team members in participating in cross training and providing support and coverage during busy periods.
Knowledge of SWIFT messages MT54X and MT53X and MT2XX
Knowledge about the OTCT and On-exchange clearing and Settlement.
Knowledge about the trade life cycle and Settlement centers.
Technical & Behavioral Competencies
Strong Analytical skills.
Multi-tasking capability.
MS Office skills (Excel).
Commitment.
Interpersonal skills.
Time management.
Specific Qualifications (if required)
Graduates / Post Graduates (B.Com/MBA Finance preferred).
Candidates should be willing and flexible to work in any shifts.
Relevant work experience in the Trade settlements / Custody activity.
Knowledge about Swift messages
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Communication skills - oral & written
Client focused
Creativity & Innovation / Problem solving
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Education Level:
Master Degree or equivalent
Experience Level
At least 1 year
Other/Specific Qualifications (if required)
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Master Degree or equivalent (> 4 years)
Experience Level : At least 2 years
Schedule
: Full-time
Job Description
Job Title:
Associate Level 1
Date:
Department:
Local Settlements
Location:
Chennai
Business Line / Function:
BSO
Reports to:
(Direct)
Assistant Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
Position Purpose
The role of an Associate Level 1 in the Local Settlements team requires the person to facilitate settlement of Client trades in the relevant Settlement Centre. The role has a weightage attached to it as the person will have to possess good knowledge of the Trade life cycle & the Clearing and Settlement activity. The person forms the core of the team by performing critical activities that aid in trade settlement. This role gives the opportunity to learn about different markets, the products offered and the nature of settlement. This position serves as a base to master the Clearing & Custody activities.
Responsibilities
Direct Responsibilities
Local Settlements:
Capturing of client transactions into Settlement system without any error.
Keeping clients posted on the latest status of their trades with BNP.
Prematching of the client trades in the clearing houses / Counterparties
Matching client SSI
Placing the client’s trades into respective Clearinghouses to enhance the settlements.
Liaising with the counterparties and various other internal and external stakeholders to enhance the process of settlement.
Settled positions need to be accounted properly in the client accounts and appropriate reconciliation need to done.
Cash and positions control checks should be always kept as top priority.
Calculation of client margins and posting of the same need to be adhered.
Support the team and other team members in participating in cross training and providing support and coverage during busy periods.
Knowledge of SWIFT messages MT54X and MT53X and MT2XX
Knowledge about the OTCT and On-exchange clearing and Settlement.
Knowledge about the trade life cycle and Settlement centers.
Technical & Behavioral Competencies
Strong Analytical skills.
Multi-tasking capability.
MS Office skills (Excel).
Commitment.
Interpersonal skills.
Time management.
Specific Qualifications (if required)
Graduates / Post Graduates (B.Com/MBA Finance preferred).
Candidates should be willing and flexible to work in any shifts.
Relevant work experience in the Trade settlements / Custody activity.
Knowledge about Swift messages
Skills Referential
Behavioural Skills:
Ability to collaborate / Teamwork
Communication skills - oral & written
Client focused
Creativity & Innovation / Problem solving
Transversal Skills:
Analytical Ability
Ability to understand, explain and support change
Education Level:
Master Degree or equivalent
Experience Level
At least 1 year
Other/Specific Qualifications (if required)
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Master Degree or equivalent (> 4 years)
Experience Level : At least 2 years
Schedule
: Full-time
💡 Quick Summary
Seeking a career-building opportunity? The Associate Level 1 position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
