Job Title: Processor
Department: Asset Management – Investment Operations
About Business line/Function: Asset Management – Collateral Management
Position Purpose:
You, as a Processor of the Collateral Management Operations, will be responsible for the Capture and process daily collateral movements (cash, securities, guarantees).
Perform margin calls, collateral sweeps, and substitutions in accordance with CSA/ISDA and GMRAagreements. Monitor and resolve mismatches between internal records and external custodians/clearing houses. Reconcile collateral balances across internal systems (e.g., ALADDIN) and external sources (custodians, CCPs).
Responsibilities
Direct Responsibilities
Collateral Management:
The Collateral Management Processor supports the front‑office and middle‑office teams by ensuring that collateral postings, movements, and substitutions are accurately captured, verified, and reconciled across the firm’s portfolio of transactions. The role is pivotal for maintaining the integrity of the firm’s collateral inventory, meeting regulatory requirements, and mitigating counter‑party.
Contributing Responsibilities
· Capture and process daily collateral movements (cash, securities, guarantees).
· Perform margin calls, collateral sweeps, and substitutions in accordance with CSA/ISDAagreements.
· Monitor and resolve mismatches between internal records and external custodians/clearing houses.
· Reconcile collateral balances across internal systems(ALADDIN) and external sources (custodians, CCPs).
· Produce daily/weekly collateral status reports for front‑office, risk, and finance.
· Escalate and investigate unapplied payments, valuation discrepancies, or broken trades.
· Ensure processing complies with regulatory frameworks (e.g., EMIR).
· Maintain audit trails and support internal/external audit inquiries.
· Perform exception checks (e.g., insufficient collateral, eligibility breaches).
· Contribute to the development and monitoring of control matrices and SOPs.
· Liaise with front‑office traders, risk managers, legal, and external counterparties.
· Respond to client queries regarding collateral eligibility, settlement status, and documentation.
Technical & Behavioral Competencies
· Effective people and client communication
· Innovation and Initiative
· Flexibility & Adaptability
· Integrity, Trust and Fairness
Specific Qualifications:
· Graduation / Post Graduation from any recognized University with Finance as Major.
· Candidates should be willing and flexible to work in any shift.
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
· Attention to Detail: Precise data entry and verification; low tolerance for errors.
· Technical Knowledge:
o Understanding of collateral types (cash, government bonds, OTC instruments, repos, letters of credit).
o Familiarity with collateral management platforms and trade lifecycle systems (BlackRock Aladdin, TriOptima).
· Financial Markets: Understanding of financial markets, instruments, and products (e.g., stocks, bonds, derivatives, currencies).
· Analytical Ability: Strong numerical aptitude; ability to perform detailed reconciliations and variance analysis.
· Regulatory Awareness: Knowledge of margining regulations (EMIR, Uncleared Margin Rules).
· Knowledge of Investment Banking and its Trade Life Cycle
· Exposure to basic Microsoft tools like Excel, PowerPoint, Word, Outlook.
Behavioral Skills:
· Active Listening
· Adaptability
· Attention to detail
· Teamwork
· Time Management
Education Level: Graduation / Post Graduation from the recognized University
Location: Chennai
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, corporate 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.
