Job Description

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union\xe2\x80\x99s 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.

About BNP Paribas Group:

BNP Paribas is the European Union\xe2\x80\x99s 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\xe2\x80\x99s commercial & personal banking and several specialised 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

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.

About Businessline/Function :

GPCO (Global Payments & Cash Operations) Team is a cash management-processing center, operating from Mumbai and Chennai. The team supports a full range of payment services (Domestic and International products) across APAC & EMEA regions.

Job Title:

Associate

Date:

Department:

GPCO

Location:

Business Line / Function:

CIB

Reports to:

(Direct)

Manager

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

0

Directorship / Registration:

NA

Position Purpose

To process, monitor and control transaction processing for Domestic Payments Tax NACH IMPS of BNPP WITH THE OBJECTIVE to facilitate smooth functioning of operations while meeting the Operations Objectives of BNPPISPL for all the sites handled.

Responsibilities

Primary responsibilities of the team includes:

• Settlement of TAX, NACH, IMPS transactions and associated products in a timely and cost effective manner
• Timely resolution of Nostro and depot breaks
• Mitigation of operational and reputational risk by escalating in a timely and efficient manner
• Ensure adherence to internal guidelines, compliance, screening, legal and regulatory aspects by the team members.

Key Responsibilities:

Processing of various type of taxes on behalf of clients (Direct tax-TDS/TCS, advance tax, GST, custom duty, Professional tax, state tax, VAT, CST etc.)

Processing of various type of NACH products like Debit Outward, Debit Inward, Credit Inward & Credit Outward

Processing of Inward IMPS reconciliation file & commission entry posting to P&L account

Recovery of charges from client for various products

Reconciliation of different GL such as RBI current account, Tax corrbank account etc.

MIS preparation & reporting to various stake holders

Weekend support(rotation basis) for NACH product (Credit Inward & Debit Inward)

BCP testing

Ereporting setup & remitter master updation

Vendor bill processing for cash pickup & delivery, cheque stationery printing etc.

To provide our best customer services and support to both our internal and external customers

To initiate new ideas / workflows in order to streamline our operations and improve control

To ensure appropriate escalation to managers as soon as an issue is identified.

To follow properly the internal operational procedure and guidelines of the bank.

Perform UAT for new system, processes and provide operational support for new product launched

Contribute to the minimisation of settlement 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

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

Direct Responsibilities

1. OPERATIONS RISK MANAGEMENT: Maintain control over outstanding and unreconciled entries. Implement and monitor control plans and pay attention to risk related areas in operations.

2. COMPLIANCE: Ensure adherence to internal guidelines, compliance, screening, legal and regulatory aspects by the team members.

3. TEAM SUPERVISION &TRAINING: Monitor the performance of the Team members. Provide Training support wherever needed.

Contributing Responsibilities

1. OPC: Contribute to the Operations Permanent Control framework

2. CUSTOMER SERVICE: Monitor turnaround times, and operational efficiency. Resolve customer complaints and queries.

3. CLIENT RELATIONSHIP MANAGEMENT: Support MO to address ultimate client needs and resolve customer complaints if any.

4. INFORMATION MANAGEMENT: Supervise preparation and submission of MIS and reports to management as required and disseminate information to the Team.

\xe2\x80\x9cAnti-Money Laundering / Financial Sanctions (\xe2\x80\x9cAML/FS\xe2\x80\x9d) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS-related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision to the relevant authority.\xe2\x80\x9d

Technical & Behavioral Competencies

TECHNICAL COMPETENCIES REQUIRED:

1. Knowledge of preprocessing & processing of Domestic Payments Tax NACH IMPS.

2. Familiarity with Computer applications, MS Office, Business Objects etc

3. Familiarity with Back Office Operations, Processes and systems.

4. Knowledge on various regulations connected with Banking Operations.

5. Operational Risk awareness

6. Knowledge on Banking Law & Practice

7. Product Knowledge on Cash Management

BEHAVIOURAL COMPETENCIES REQUIRED:

1. Communications Skills

2. Networking & Logistics Management

3. Interpersonal & Team Building Skills

4. Results Driven

5. Taking Initiative and Risk Management Skills

6. Client Focus and Decision Making Skills

Specific Qualifications (if required)

• NA

Skills Referential

Behavioural Skills:

Attention to detail / rigor

Adaptability

Ability to collaborate / Teamwork

Communication skills - oral & written

Transversal Skills:

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)

NA

BNP Paribas