The bank for a changing world

We are looking for

Associate - Collateral Management

Job type Permanent
Schedule Full time
Job Function Transaction processing
Level of experience Beginner
Apply REF: OPE001213

 

 

About BNP Paribas Group:

 

“BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships”.

 

 

 

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 compares the Net Present Value of the portfolio of trades between BNP Paribas and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralized.

   

Job Title:

 

 

Date:

 

 

Department:

 

Collateral Management

Location:

Business Line / Function:

Global Market Operations

 

Reports to:

(Direct)

Team Lead

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

Directorship / Registration:

NA

Position Purpose

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 exposure will generate changes in collateral balance. The collateral teams will call for or post additional collateral. This daily margin call process ensures that the Bank is covered in terms of excessive credit risk exposure.

Responsibilities

 

Direct Responsibilities

  • Performing daily margin call process front to back for specified clients.
  • Margin Call issuance and chasing clients for unanswered margin calls.
  • Investigating on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.

  • Chasing clients on failed/missed payments.  
  • Investigating with settlements team on all bonds that have not settled in the market.
  • Working on Substitution requests sent by clients/traders
  • Booking interest for all monthly clients.
  • Investigating on Interest discrepancies.
  • Perform and respond to control report to ensure effective break, fails and exception management.

    Presenting findings to the managements during meetings.

  •  Creating and maintaining KPIs and also perform quality check
  • Perform trade level reconciliation between BNPP and client portfolio as per EMIR Regulations.
  • Investigating and resolving unmatched, entity mismatch and ageing trade breaks that contribute to disputes.
  • Investigating and resolving trades breaking due to MTM discrepancy.
  • Creating Dispute Notes and working with Margin Call team on trades breaking due to MTM discrepancy.
  •  Performing high level analysis on Booking / cash flows / FX / discounting / validation of Bid-offer prior to reaching out to Front Office / Valuations teams for further analysis.
  •  Responsible for creating KPI and dashboard for daily, monthly reporting.
  •  Resolving adhoc discrepancies and issues raised by clients via email.
  •  Mapping new clients on TriOptima on the basis of information provided by on boarding team.
  •  

    Contributing Responsibilities

    Point of escalation for client queries, trade breaks and fails resolution.  
  • Work closely with other managers in Collateral Operations to perform effective capacity management.  
  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
  • Work closely with other managers in Collateral Operations to perform effective capacity management.  
  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
  • Work closely with other managers in Collateral Operations to perform effective capacity management.  
  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
  • Work closely with other managers in Collateral Operations to perform effective capacity management.  
  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
  • Work closely with other managers in Collateral Operations to perform effective capacity management.  
  • Working on developing and implements new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.   

Technical & Behavioral Competencies

  • Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, credit, compliance and legal)
  •  Knowledge of derivative products (Credit, Interest Rate, FX , Equities)

  • Strong knowledge of Trade Life Cycle
  • Experience in Portfolio Reconciliation Operations, Collateral Management Operations or another Middle Office Operation functions within Investment Banking is favorable.
  • Basic Excel skills required.
  • Experience of ISDA /GMRA documentation.

Specific Qualifications (if required)

 

==> Specifically looking at SAs having project management / BA experience

 

 

 

 

 

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and leverage networks

Ability to develop others & improve their skills

Ability to manage / facilitate a meeting, seminar, committee, training…

Education Level:

Bachelor Degree or equivalent

Experience Level

0 - 3 years

Other/Specific Qualifications (if required)

 


Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Master Degree or equivalent (> 4 years)Experience Level: BeginnerSchedule: Full-time Behavioural competency: Ability to collaborate / TeamworkTransversal competency: Ability to understand, explain and support change