Job Description

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• Associate Level 1 will be managing the daily operations/workflow within the business group and helps the Line Manager in achieving the process deliverables.
• Solid functional understanding of the business is recommended along with strong knowledge of products related to Settlement/Corporate Action/Trade Processing. Experience in working with Intellimatch will be an additional attributes.
• The candidate should have hands on experience in cash securities reconciliation process.
• All static and migrations should be managed with respect to reconciliation requirements.
• He/ She will be responsible for interacting with Line Managers and the clients of BNP Paribas Group and needs to provide high quality of service to the internal/ external clients.
• Regular interaction with the Team Lead/ Assistant Manager of BAU reconciliation for improving the quality of reconciliation produced to business.
• He/ She should be able to articulate well and communicate well across all levels in the organization.
• Ensure all the transactions are performed within the agreed timelines without errors and mistakes.
• Maintain Communication Channels with internal peer groups and business teams.
• Ensure to get cross trained within process and transfer the Knowledge transfer between the team and processes is happening on periodic basis.
• Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.
• Ensure to be updated with the procedure document and User Guides. Evaluate and update documented procedures to ensure they are complete, accurate and current.
• Escalate unresolved open items to the Team lead / Assistant Manager.
• Understand the process risks and escalation of high-risk breaks to stakeholders for resolutions

Responsibilities

• Handling the reconciliation process and related activities for Clearing and Custody Services/ Investment Fund Services/ Middle Office Position business respectively.
• Identifying missing balance, trial balance, proof difference and resolving all variances to reach resolution in a timely manner.
• Performing a range of daily, weekly, monthly quarterly reconciliations across all the business lines.
• Performing a range of daily, weekly, monthly yearly controls to ensure feeds related net transactions are in place
• Providing user training as required, improving the understanding of the control aspects of Intellimatch within the business.
• Investigating any open breaks and work with business team and any external parties for resolution.
• Identifying the reconciliation deviation/ backlogs in terms of process and having the discussion with BAU Manager to execute the correction process via BAU team.
• Assist with various ad-hoc projects and new initiatives within the team.
• Escalate unresolved open items to the Team lead / Assistant Manager.
• Should gain knowledge in various Swift Message Types, especially MT940/950 and MT535/536 and ensure to understand the details available in these messages.
• Analyzing the details/ references received in MT940/950 and MT535/536 and liaise with correspondent banks and Sub custodians in order to improve auto matching in Intellimatch.
• Provide on the job training for new recruits, updating job procedures from time to time and collating information on the status and progress of tasks to the onshore location.
• Track and maintain all the issues arising in the process and adhere to proper escalation matrix for resolution.
• Ensure all the process changes are discussed with team and tracked in the tracker appropriately.
• Identify the possibilities and create various rules to increase the percentage for the automatic matching process in Intellimatch.
• Responsible for the internal integrity of the automated reconciliation via Intellimatch.
• Maintaining the static data in Intellimatch databases including new accounts set-ups, department setup, matching rules, and other static data.
• Liaising with other departments to ensure aged breaks are properly commented with the current status and resolved in timely manner.
• Handling all types of rejects batches and formatting the files as per the requirement of Intellimatch. Manual import of files via Recollector
• Defining references in the lookup table to automate assignments and avoid discrepancies in Intellimatch.
• Liaising with IT for any discrepancies or changes in the flat files received for import.
• Building strong control mechanism for reconciliation unit in consultation with manager which should result in mitigating the risk.
• Maintain Communication Channels with internal peer groups, within GSO and with spoke locations.
• Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members.

Primary Working Relationships

• The Candidate will report to the Process Lead/Assistant Manager of the process.
• Actively participate in all huddles and internal meetings.
• The position interacts with other Process Associates, Mid Office Staff, Relationship Managers and Clients.

The position interacts with International Team Members of BNP Group.

Contributing Responsibilities

• Working together with Lisbon, Mumbai Chennai to achieve the vision of SSC Reconciliation.
• Work closely with stakeholders to mutually enrich the quality of process and to encourage collaborative efforts in achieving client satisfaction.

Technical Behavioral Competencies

• College Degree, preferably a Master s degree in Commerce or MBA (Finance)
• Strong verbal and written English skills required. Ability to converse clearly with internal and external staff.
• Minimum 2 years of experience in reconciliation background in investment banking domain and/or prior related industry for an Associate Level 1.
• Mandatory hands on experience of reconciliations applications like Intellimatch,(Minimum of 1 yr)
• Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
• Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
• Proficient in Microsoft Office Applications and strong MS-Word Excel skills required.
• To be based in Chennai Mumbai and prepared to travel if required.
• Must be prepared to work in any shift supporting business Requirements.
• Identify Operational Risk Areas within the Client Business Revenue Process.
• Supervise, Monitor, Control and Co-ordinate all activities in the department.

Skills Required: Interpersonal Skills,Retail Banking