Process Overview*
Global Investigations process deals with handling of payment related queries received from banks, internal BOA departments, customers, nostro outstanding & returned payments. All queries require detailed analysis & resolution as per standard timelines. The team handles Investigations for all currencies arising for Asia, EMEA & US regions.
- Investigating and identify root cause for an enquiry
- Contact external banks through SWIFT correspondence messages
- Pass payments adjustments entries on client accounts, internal accounts & nostro accounts
- Review nostro accounts & ensure all outstanding debits & credits are cleared as per timelines
- Follow up with external banks for details, confirmation and recall of funds
- Verify Correspondence & Payment adjustments as per currency cut-off
- Manage workflow of the team
Responsibilities*
- Interact with all levels of management and represent Regional Investigations during meetings, etc
- Take care of monthly Management routines, dashboards calls with LOB, co-ordinate with LOB on coverage plans
- The production environment requires the Supervisor to be flexible, take initiative, work well under pressure, and adapt to rapid changes.
- Willingness to work in late shifts and in rotational shifts
- Must be able to effectively communicate with technical and business teams.
- Must have ability to work well under pressure and with minimal supervision
- Should have strong decision-making, critical thinking, and oral and written communication skills.
- Adherence to the SLA’s – productivity, turn-around-time, and accuracy
- Review daily key operational actionables and various process controls
- Develop back up and contingency plans
- Manage : Risk, Compliance and other process level documentation
- Provide subject matter expertise on process
- Provide process problem resolution assistance to teams via calendarized one on one’s and coaching sessions
- Responsible for shift planning, staff supervision, monitoring daily work routine of the associates, handle escalations
- Escalate any process related ambiguities to Manager/LOB for further clarification.
- Monitoring of mail box and act accordingly without delay. Distribute work among the team on priority basis
- Perform end of day (EOD) checks
- Support the team manager in capturing performance related data and report MIS on a timely basis
- Have innovative approach to work and continuously identify and implement process improvements
- Seek opportunities to improve process by initiating best practices
- Identify risk areas in the process and implement mitigation plans
- To process investigations / enquiries of Incoming / Outgoing / returned payments in a timely manner, adhering to laid down procedures and ensure that the established service standards are met.
- Investigate cases on a regular basis.
Education*
- Graduation / Post Graduation - Preferably Commerce (B.Com) or MBA (Finance).
- Certifications - NA
Experience Range*
- 10 to 12 Years of relevant experience
Foundational Skills*
- Good Communication Skills, both verbal and written
- Prior work experience in Global Investigation with In depth understanding of SWIFT payments & message types
- In depth Knowledge of Payments, ISO, Investigations process & Detailed Knowledge of nostro accounts
- Be thorough with Payment Concepts. i.e., MT 103/202/202COV and Swift standards and ISO XML
- Real time People Manager experience with complete team Handling exposure
Desired Skills*
- Should have worked on PEGA Platform
- Ability to multitask, prioritizing urgent items & meet stringent cut-offs
- Organized and methodical
- Customer focused
- Ready to stretch when required
- Willingness and able to own tasks to completion
- Flexible and adaptable to changing demands and shift timings
- Ability to meet deadlines and achieve agreed targets
- Compliance centric
- Excellent MS Office Skills
- Six Sigma Knowledge
EMEA / US (Flexible to Night Shifts)