About BNP Paribas Group:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centered on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporate and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions
About Business line/Function :
Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.
Job Title:
Senior Associate -3CM
Date:
March 2022
Department:
Global Market Operations
Location:
Mumbai
Business Line / Function:
Global Market Operations
Reports to:
(Direct)
Team Leader
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
Adhering to Clients On boarding requests as per ISDA ,SLA and CSA requirement.
Responsibilities
Direct Responsibilities
Meeting Clients. Service delivery and onshore expectation on Onboarding agreements, Reports, Amendments in Set ups etc.
Meeting all Onshore and ISPL Management requirements.
ISDA/CSA setup knowledge.
Understanding end to end collateral management and Client onboarding process.
Responsible for the full front to back daily margin call process for specific clients:
Preparing the packs for Client governance meetings.
Margin Call Preparation Netting Cash Flows / Rolling Interest.
Booking of eligible Credit Support and fails management.
Substitutions of Collateral with both CCP and Client.
Client Reporting’s.
Monthly interest settlements.
Responsible for the Client Testing / Onboarding into Collateral Platforms
Responsible for the Design / Testing of new functionality
Contributing Responsibilities:
Communication skills: Required for liaising with counterparties and internal stakeholders to the collateral process. (Middle offices, marketers, traders, credit and legal)
- Time Management and an ability to adapt to the varying demands of the team.
- Risk Awareness: Strong awareness of Operational, Counterparty, and Regulatory risk.
- Knowledge of OTC derivative products (Credit,, Interest Rate, FX ,)
- Strong knowledge on the life cycle of a trade.
- Previous experience in Collateral Management or other Middle Office Operation functions within Investment Banking. (Exposure to Client Clearing / OTC Margin calls beneficial.)
- Skills on issue resolving and investigation relating to Collateral process.
Specific Qualifications (if required)
·Job Type: Standard/Permanent
·Education Level: Bachelor’s Degree or equivalent
·Experience Level: At least 5 years
·Schedule: Full-time
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Client focused
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and adapt a process
Ability to develop and leverage networks
Choose an item.
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 5 years
Other/Specific Qualifications (if required)
NA
