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Intermediate Representative, Cash Processing/Funds Transfer

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BNY Mellon

23d ago

  • Job
    Full-time
    Entry & Junior Level
  • Customer Relations
    Banking & Finance
  • Chennai

AI generated summary

  • You need a bachelor’s degree or equivalent experience and 0-2 years of work experience, preferably in financial services operations.
  • You will monitor client payments, manage cash movements, confirm wire instructions, troubleshoot transaction issues, and support senior associates while addressing client inquiries.

Requirements

  • Bachelor’s degree or the equivalent combination of education and experience is required.
  • 0-2 years of total work experience preferred. Experience in financial services operations preferred.

Responsibilities

  • Monitors client payments, daily cash and wire transactions, and acts as a first line of defense by addressing flags raised by transaction system.
  • Manages the daily processing of cash movements by bank clients and confirm validity of transactions with manager in cash processing and relationship managers with connection to clients.
  • Confirms wire instructions and receipt from clients and inputs transactions into appropriate systems.
  • Supports more senior cash processing associates with booking trades and confirming outgoing wire transactions with receivers.
  • Monitors systems to catch flags on transactions without receipts or any mismatches, addresses items that failed first round inspection by transaction systems.
  • Acts as point of contact for clients and wire recipients and addresses inquiries and concerns about the transfer process.
  • No direct reports. May have people management responsibilities in some geographies.
  • Contributes to the achievement of team objectives.

FAQs

What is the role of an Intermediate Representative in Cash Processing/Funds Transfer?

The role involves monitoring client payments, managing daily cash movements, confirming wire instructions, and acting as a point of contact for clients and wire recipients regarding the transfer process.

What qualifications are required for this position?

A Bachelor’s degree or an equivalent combination of education and experience is required. 0-2 years of total work experience is preferred, with a focus on experience in financial services operations.

Is experience in financial services operations necessary for this role?

While 0-2 years of experience in financial services operations is preferred, it is not mandatory.

Where is the job located?

The job is located in Chennai, TN, and follows a hybrid work model.

What kind of training or support will I receive?

You will receive support from more senior cash processing associates and have the opportunity to learn while contributing to team objectives.

Are there opportunities for advancement in this role?

Yes, as you gain experience, there may be opportunities for advancement and additional responsibilities, including potential people management roles in some geographies.

What benefits are offered to employees?

BNY offers competitive compensation, generous paid leaves, benefits, and wellbeing programs, including paid volunteer time and resources focused on health and financial goals.

Is BNY an equal opportunity employer?

Yes, BNY is an Equal Employment Opportunity/Affirmative Action Employer, welcoming underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.

What is the work culture like at BNY?

BNY fosters a culture of innovation, inclusivity, and excellence, encouraging employees to grow, succeed, and make a positive impact in the financial services industry.

How does BNY support work-life balance?

BNY provides flexible global resources and tools, generous paid leave options, and a focus on personal resilience to help employees navigate their life journey while fulfilling their professional responsibilities.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.