Job Description -
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:
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
About BNP Paribas India Solutions:
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
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.
Assistant Vice President
Business Line / Function:
Number of Direct Reports:
Directorship / Registration:
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.
Daily BAU is completed with all the controls
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
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
Good with MS Office.
Be a mentor and leader.
Specific Qualifications (if required)
Behavioural Skills: (Please select up to 4 skills)
Ability to synthetize / simplify
Transversal Skills: (Please select up to 5 skills)
Ability to understand,
explain and support change
Ability to develop and
Ability to set up relevant
Choose an item.
Choose an item.
Bachelor Degree or equivalent
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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.