SSBO 2-3 Yrs position in Mumbai Maharashtra

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Description: Associate - Global Banking Services - Due Diligence

Position Number: TBC

Department: SHARED SERVICES & BANKING OPS

Location: India - Mumbai

Education: Bachelors Degree

Experience: Refer to Position Description

Position Category: Operations

Job Level: Analyst/Associate

Position Type: Permanent

## Company Profile:

Client is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic.

Client can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Client is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

## Department Profile:

Global Banking Services (GBS) resides within the Shared Services and Banking Operations Department.

The team currently operates as a global unit with extensive communication between the various GBS teams, are currently located in Glasgow, Hong Kong, Shanghai and Mumbai.

The GBS Due Diligence (GBS DD) teams core responsibilities include managing Firm's selected external agent bank network and performing ongoing Due Diligence in line with global regulatory requirements.

The Due Diligence Team was created in March 2015, and operates as a centre of excellence for Due Diligence.

The team are responsible for performing due diligence across the firm's network of agent banks, CCP's, CSD's, iCSD's and cash agent banks.

This involves documenting how Client exercise due skill, care and diligence in both the initial selection, and ongoing annual review of our custody providers.

This is in directly relation to a variety of Global Regulations including but not limited to CASS, 15C3, AIFMD, OCC, CFTC.

## Primary Responsibilities:

• Collation and distribution of Due Diligence Questionnaires to external agent banks on an annual basis.
• Performing ongoing analysis of the Firm's custody providers, through annual due diligence reporting based on external due diligence questionnaires, credit analysis and internal evaluations.
• Creation and distribution of Monthly Reporting (Watchlist, Metrics and Reporting).
• Understand and ensure adherence with the Firm's regulatory obligations for Due Diligence, and the segregation and security of client assets throughout the agent bank network.
• Regular communication with internal and external clients to present and answer questions on market regulation, operational processes and asset safety.
• Stakeholder management with a range of key areas, including Legal, Compliance, Credit, Business Continuity Team, ORC Client Money.
• Perform analysis of new regulations to assess the impact upon the GBS Due Diligence team, and implement new frameworks to satisfy these regulations.
• Conduct scoping reviews to ensure that our population of providers in scope for Due Diligence is accurate.
• Continual review and enhancement of the Due Diligence Risk Framework and Supervisory process.
• Ensuring the sustainability of the Change the bank culture within the team, and continuing to strive to seek out operational efficiencies.

## Skills Required (essential):

• Sound interpersonal skills, freely develops networks, builds consensus and develops alliances across the organization
• Excellent verbal and written communication skills
• Risk awareness. The ability to react quickly to issues and track them through to conclusion
• A change agent always challenging the status quo
• Ability to work in a fastpaced environment, both independently and as part of a team
• Ability to meet tight deadlines and has a deliveryfocused approach
• Strong sense of ownership and accountability for quality output
• Attention to detail and accuracy
• Highly motivated selfstarter with multitasking abilities; ability to prioritize appropriately
• Entrepreneurial spirit and flexibility particularly in dealing with changing environments and different stakeholders
• Proven track record in building and motivating strong teams
• Desire to work in an environment strong in teamwork, commitment, and excellence
• Desire to build a career within the financial services sector
• The successful candidate will be a graduate with at least 4 years relevant work experience
• Sound understanding of operations

## Diversity and Inclusion
We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

Our skilled and creative workforce is comprised of individuals drawn from a broad cross-section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences.

Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

GBS is a relatively small team covering a broad internal client base and product set, so flexibility and an ability to work collaboratively across geographic locations are essential qualities.

Additionally, GBS team is also responsible for the opening and closure of custody and clearing bank accounts held at external agent banks, and own the creation and ongoing review of Regulatory documentation associated with bank account openings, including Client Money letters, Asset Segregation letters, and Good Control Location Letters.

This broad remit covers the full spectrum of Client entities across all markets.

Such scope provides a dynamic, ever-changing backdrop for an exciting role involving collaboration across multiple Business Units and Ops teams.

## Must to have Skills:

• Good Communication
• Excel & MS PPT Knowledge
• Basic banking Knowledge
• MIS preparation Skills

## Good to Have Skills:

• Basic payments & SWIFT Knowledge
• Reconciliation Knowledge

WFO Completely

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