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Assistant Vice President - Collateral Management

Marque BNP Paribas Corporate & Institutional Banking
Niveau d'expérience 6 à 10 ans
Niveau d'études Niveau Bac+4/5
Postuler REF: CIB004905


Job Description - APAC



Note to Hiring Manager:


In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.



About BNP Paribas Group:

Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.



About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.



About Businessline/Function :

·         The Collateral Management Group processes the Net Present Value of the portfolio of trades between the client that we provide service and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralised. Currently the group handles approximately $90 Billion of collateral globally on behalf of the Bank and its counterparties as regulators to require Banks to mitigate counterparty credit risk.

·         The group interacts closely with Traders, Marketers, Legal, Credit and Operations. The collateralised portfolios consist of practically all products traded within BNPP Capital Markets, including OTC Fixed Income and Equity Derivatives, Swaps, Repos, FX, Credit Derivatives, FRA’s, CAPs, Swaptions Commodities and Exotics. The process requires comparison of exposures with the value of the assets pledged, in accordance with the parameters specified in the legal agreement. Changes in the portfolio PV (due to market price fluctuations, or new / matured trades) will generate changes in the required collateral balance. The collateral teams will call for or post additional collateral funds depending on the direction of movement of the PV of the trade portfolio relative to collateral pledged. This daily margin call process ensures that at all times, the Bank and the counterparties remain as protected as possible from excessive credit risk exposure, and hence can minimize the amount of regulatory capital set aside against credit risk.

























Job Title:

Assistant Vice President

 

Date:

10/09/2019

Department:

GM-OPS

Location:

Business Line / Function:

Third Party Collateral

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

 

Position Purpose

The purpose of this position is to ensure that all the activities pertaining to Third Party Collateral Management is managed well without any escalation.

Timely escalation, Regular reporting, highlighting the blocking points, ensuring TAT is respected by the team and delivery is with good quality.
Owing this process and ensuring that all the blocking points are well addressed and resolved.

Responsibilities :

Direct Responsibilities

 

 Daily BAU is completed with all the controls signed off.

All emails from counterparty and client are addressed well on time.

Need to be pro-active and ensure resolutions for all blocking points.

Taking ownership of end to end process within ISPL.


Conducting Monthly meeting with the onsite and presenting the BAU dashboard.

Monthly team catch up.

TL / Manager catch up.


Contributing Responsibilities

Ensuring that all the Team leads perform their daily controls for the day.
All the ORUS tasks are completed for the day.
Client queries are given high priority and replied back on.
Escalate any blocking point with the process scope.
Budget for the team is well managed.

Ensure that TL’s have created their back-ups in case they are on leave.

Technical & Behavioral Competencies

Strong knowledge on Collateral process.
Good with MS Office.

Risk mindset

Team player
Multi-tasking ability
Ownership driven.
Be a mentor and leader.

Specific Qualifications (if required)

     

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Decision Making

Critical thinking

Ability to synthetize / simplify

Adaptability

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Ability to develop and leverage networks

Ability to set up relevant performance indicators

Choose an item.

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

Choose an item.

Other/Specific Qualifications (if required)

 




 

* Person should be a post graduate from any Stream.
* Need to be a good team player.
* Need to be a problem solver.

* Should be a specialist in multitasking.

* Need to Understand the requirement of the position and have flexibility to adapt changes to the business requirement.

* Need to be a guide and motivator for the team.

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATIONAL EFFICIENCY TRANSFORMATION AND BUSINESS ANALYSISEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 10 yearsSchedule: Full-time Behavioural competency: Ability to collaborate / Teamwork, Proactivity, Ability to share / pass on knowledgeTransversal competency: Ability to develop and adapt a process , Ability to develop others & improve their skills, Ability to inspire others & generate people's commitment