An opportunity has arisen for an individual to join the Payment Operations team!
As a Payment Operations Associate inTransaction Approval Group team within Commercial and Investment Banking Operations, youwill be involved in day-to-day cash payment and securities intraday approvals, settlement risk issues and control, participation in projects, and will interface with Operations Risk Management (ORM), Operations, Treasury, Credit, Compliance, Legal, Middle Office and other functions to ensure that policies, processes, and control requirements are properly developed and adhered to. The team works in a very fast-paced environment with multiple trade and currency cut-offs to be adhered to alongside project responsibilities.
Job responsibilities
- Manage cash payment and securities settlement and monitoring/approval functions that affect and control credit and intra-day exposure for a portfolio of clients, products, and currencies.
- Apply sound operational and credit risk management principles, judgment, research, and investigation to support process and to manage credit exposures/ decision approvals within respective approval authority.
- Understand and support operational control and regulatory reporting requirements.
- Work with Operations and Client Services to manage client payment relationships.
- Inform aligned Credit Risk and ORM partners about client portfolio activity, issues and provide line sizing recommendations.
- Liaise with key stakeholders including Credit, Relationship Managers, Product Management and Operations regarding client credit limits/arrangement recommendations to support clients activities.
- Actively participate in client and country crisis management risk mitigation actions including Rapid Exposure Drills (RED) with Credit and Relationship Managers and support business resiliency planning.
- Participate in projects that relate to TAG core functions as requested by management (e.g., Assist with the development of the Global Funds Control (GFC), Custody Credit Engine (CCE), Integrated Credit Risk Desktop (iCRD) and any other systems that function with credit controls).
- Engage as a subject matter expert for payment systems and processes related to funds control.
Required qualifications, capabilities, and skills
- Bachelor's degree
- Minimum 5 years of experience working in Risk & Controls or Banking/Payment Operations or Client Service or Product Management
- Prior experience and proven ability to communicate effectively and confidently with senior management
- Expertise in Microsoft Applications (especially PowerPoint and Excel) and experience using SharePoint
- Self-starter, capable of working independently, making decisions using a risk and control mindset
- This role is based out of Mumbai & candidate is expected to work WHEM hours (Night Shifts)
Preferred qualifications, capabilities, and skills
- Knowledge of cash management products, payment systems, Securities clearing/processing and settlements
