Job Title: AVP - Principal Lending- Collateral Management
Department: Market and Financial Services
About Business line/Function: Market and Financing Services (MFS) business line provides a range of solutions to support the increasingly sophisticated requirements of institutional investors, alternative asset managers and financial intermediaries. These include Securities Lending (Agency and Principal), Foreign Exchange (On demand FX, Auto FX, Passive Currency Overlay), Triparty Service and a variety of Financing solutions.
Position Purpose: Associate will be responsible for performing daily tasks related to corporate action process carried out in the principal lending department. He/ She will work on the daily tasks, monitor the corporate action events, and process the election across counterparties for voluntary events and book trades for Mandatory events directly reports to the Team Manager of the Corporate action. The staff will be working closely with Paris management, Relationship management, Front office, and external Brokers /counterparties as part of their daily BAU.
Responsibilities
Direct Responsibilities
Operations
· Responsible for full back office operational functions of Collateral management operation across region
· Foster relationships across multiple areas in the firm including trading desks, operations, technology, compliance departments and global groups to standardize the processes.
· Enable brain-storming sessions with N-1s to identify recurring issues that impact Client and their desired level of services.
· Ensure procedures and skill matrixes are updated to-date, monitor the knowledge base of each team, and ensure there are no operational dependencies.
· Be a role model and act with high standards by being accountable and by taking ownership.
Contributing Responsibilities
Risk Management
· Monitor the team's performance and quality of delivery against the agreed SLAs and standards Follow up on cash, trade & position breaks, pending fee payments of the activities.
· Closely monitor the non-cover report of collateral management and ensure sensitive clients with high book values are given extra care.
· Identify the pain points and implement the fixes and adequate control measures to maximize the standards to meet Client's desired level.
· Manage internal and external audit and own up the finding and recommendation and steer it until completion Implement temporary/strategic fix to reduce risk and manual work via consultative approach with Global stakeholders.
· Co-ordinate on all Audit related activities related to the perimeter and ensure results are "General Satisfactory."
· Fair understanding of the regulatory environment and upcoming changes.
Governance
· Conduct Monthly Service Level Calls with Paris Global Heads and conduct Weekly Management calls with N-1s to cascade management communications and receive key operational inputs, issues and incident follow ups
· Plan and define Business continuity Plan for each function to address a possible Extreme Risk Scenario
· Going beyond individual objectives for the benefit of the bank.
Recruitment and People
· Recruit competent, trainable, and culturally fit people in the department and ensure the staff are appraised for their performance without bias.
· Ensure objectives are set for the staff, monitors & review performance conduct interim and annual performance reviews, and fair CRP exercise.
· Help the staff to develop their skills, improve their areas of improvement and other developmental goals to enhance their career growth.
· Identify the talents, built capabilities and created robust successive plan for each function.
· Mentor and motivate teams to achieve productivity and engagement.
· Encourage mobility and championing the diversity drive and achieved healthy gender
Technical & Behavioral Competencies
· Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.
· Ability to work in a team environment in coordination with colleagues and the mangers.
· Proficient in Microsoft Office Applications and strong MS Excel skills required.
· Proficient in Swift tools and Banking applications
· Knowledge in securities operations and custody.
· Proficient in Microsoft Office Applications and strong MS Excel skills required, power BI.
Specific Qualifications: Bachelor’s degree in commerce or Equivalent with minimum 12 yrs of experience.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
· Good knowledge of MS office – Excel and power Point and added advantage if knows Power BI.
· Good product knowledge of Security Lending and collateral & Exposure management
· Able to understand the Intellimatch lines breaks and good knowledge of SWIFT.
Behavioral Skills:
· Ability to collaborate / Teamwork
· Ability to share / pass on knowledge
· Critical thinking
· Ability to deliver / Results driven
· Ability to adopt and develop the process
Education Level: Bachelor's Degree
Location: Chennai CP II
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, color, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
