Job Description
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 1++ 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, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates 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 Business line/Function :
Global Markets Operations team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.
BNP Paribas as a prime broker provides a wide range of services to hedge funds including secured financing, securities settlement, custody, capital introduction, securities lending and custom information technology. Cash PB Wire payments team ensures that the cash payments for the clientele of Prime brokerage business are processed as per clients advice, in accordance with Group and Regulatory Policies and/or contractual agreements.
Job Title:
Senior Associate
Date:
Department:
Global Markets Operations – PB Wire payments
Location:
Bangalore
Business Line / Function:
Cash PB – Wire Payments
Reports to:
(Direct)
NA
Grade:
(if applicable)
Senior Associate
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Primary responsibilities of the team includes:
• Timely action with regards to input or releasing payments to minimize any risk or impact to clients’ accounts
• Timely resolution of nostro breaks
• Mitigation of operational and reputational risk by escalating issues in a timely and efficient manner
• Liaising with clients and other internal support functions for resolving issues pertaining to wire transfers
Responsibilities
Key Responsibilities:
• Responsible for ensuring wire transfers as per clients advice are processed in a timely manner by:
• Ensuring payments are instructed and released from the system in a timely basis
• Liaising with internal teams, agents and client representatives for payment related issues
• Responsible for solving Nostro reconciliation breaks on a timely basis:
• By investigating and, where possible, clearing all reported nostro breaks
• By investigating and solving accounting breaks raised by Control & Accounting teams
• Escalating items that represent operational risk to the direct Manager
• Contribute to the minimising costs & operational risk:
• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• Monitors and take appropriate actions in case of market risks (buyins)
• By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
• By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
• If necessary, using the escalation process when operational risk is detected
• Contribute to the overall successful running of the process:
• By maintaining close relationships with client reps and sales and escalating problems to them promptly where required
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
• Contribution to the team development:
• Formalization of team procedures and operating guides
• Participation of training and coaching new joiners
Skills and competencies:
• Ability to analyse, organize and report efficiently.
• Flexibility on working methods and changing international environment.
• Rigorous and reactive in order to face pressure and reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Strong knowledge of SWIFT payments such as MT202, MT 103, financial markets and products, and easiness/expertise in dealing with Excel.
• English speaker
Skills Referential
Behavioural Skills: (Please select up to 4 skills) –
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills - oral & written
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability To Develop Others & Improve Their Skills
Ability to develop and adapt a process
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 5 years
Primary Location
IN-KA-Bangalore
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 5 years
Schedule
Full-time
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 1++ 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, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates 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 Business line/Function :
Global Markets Operations team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.
BNP Paribas as a prime broker provides a wide range of services to hedge funds including secured financing, securities settlement, custody, capital introduction, securities lending and custom information technology. Cash PB Wire payments team ensures that the cash payments for the clientele of Prime brokerage business are processed as per clients advice, in accordance with Group and Regulatory Policies and/or contractual agreements.
Job Title:
Senior Associate
Date:
Department:
Global Markets Operations – PB Wire payments
Location:
Bangalore
Business Line / Function:
Cash PB – Wire Payments
Reports to:
(Direct)
NA
Grade:
(if applicable)
Senior Associate
(Functional)
Number of Direct Reports:
NA
Directorship / Registration:
NA
Position Purpose
Primary responsibilities of the team includes:
• Timely action with regards to input or releasing payments to minimize any risk or impact to clients’ accounts
• Timely resolution of nostro breaks
• Mitigation of operational and reputational risk by escalating issues in a timely and efficient manner
• Liaising with clients and other internal support functions for resolving issues pertaining to wire transfers
Responsibilities
Key Responsibilities:
• Responsible for ensuring wire transfers as per clients advice are processed in a timely manner by:
• Ensuring payments are instructed and released from the system in a timely basis
• Liaising with internal teams, agents and client representatives for payment related issues
• Responsible for solving Nostro reconciliation breaks on a timely basis:
• By investigating and, where possible, clearing all reported nostro breaks
• By investigating and solving accounting breaks raised by Control & Accounting teams
• Escalating items that represent operational risk to the direct Manager
• Contribute to the minimising costs & operational risk:
• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• Monitors and take appropriate actions in case of market risks (buyins)
• By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
• By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
• If necessary, using the escalation process when operational risk is detected
• Contribute to the overall successful running of the process:
• By maintaining close relationships with client reps and sales and escalating problems to them promptly where required
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
• Contribution to the team development:
• Formalization of team procedures and operating guides
• Participation of training and coaching new joiners
Skills and competencies:
• Ability to analyse, organize and report efficiently.
• Flexibility on working methods and changing international environment.
• Rigorous and reactive in order to face pressure and reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Strong knowledge of SWIFT payments such as MT202, MT 103, financial markets and products, and easiness/expertise in dealing with Excel.
• English speaker
Skills Referential
Behavioural Skills: (Please select up to 4 skills) –
Ability to deliver / Results driven
Ability to collaborate / Teamwork
Communication skills - oral & written
Ability to share / pass on knowledge
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability To Develop Others & Improve Their Skills
Ability to develop and adapt a process
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level :
At least 5 years
Primary Location
IN-KA-Bangalore
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Bachelor Degree or equivalent (>= 3 years)
Experience Level
At least 5 years
Schedule
Full-time
💡 Quick Summary
Seeking a career-building opportunity? The Manager |AVP| Wire Payments position is now open for candidates interested in the Bank Jobs sector. This role in Banglore 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.
