The bank for a changing world

Assistant Vice President – Margin Analyst


Standard / Permanent


US-NJ-Jersey City

Job function




Business Overview:
BNP Paribas has a presence in nearly 80 countries and five continents and proudly acts a leader in banking and financial industries, providing integrated banking solutions to meet clients’ needs. As part of this activity, Global Markets Information Technology & Operations (ITO) services the business lines which fall under Corporate & Institutional Banking (CIB). Global Markets North American Trade Processing Operations is a sub-group of ITO. Global Prime Services provides clients an impressive breadth and depth of services including Securities Lending, Synthetic Financing, Global Execution, and Investor Capital Services through a #1 ranked Global Prime Broker platform. BNP Paribas A+ rating, coupled with its large balance sheet, offers clients a stable source of funding.         
The Prime Services Margin candidate will be responsible to work across the group operations and provide expertise in the following areas:
  • Monitoring of day to day activity within customer hedge fund and firm affiliate margin accounts to ensure compliance with regulatory rules relating to the extension of credit.
  • In depth knowledge and ability to apply practical interpretation of Federal Reserve Regulation T and FINRA rule 4210.
  • Thorough understanding of US Portfolio Margin risk based rule set along with other ‘risk based’ hedge fund product such as, Arranged Finance, Enhanced Leverage, etc.
  • Excellent understanding of Prime Broker business related to funding needs, re-hypothecation and Securities lending.
  • Experience in working with Legal, Compliance and Risk in order to discuss firm margin policies.
  • Managing referential data supporting margin calculations and client/position related exceptions.
  • Knowledge of tri-party lending business and associated custodian reconciliations.
  • Management of money market sweep products including daily settlement and reconciliations.
  • Management of customer account transfers (ACAT).
  • Experience with client DVP/RVP fail management as regulated under Regulation T 220.8 and SEC rule 15c3-3(m).
Additional Responsibilities:
The Prime Services Margin team’s daily activities include:
    • Review, validation, distribution and follow up to resolution of all regulatory and risk based margin calls for client and affiliate accounts.
    • Review/approve customer asset movement requests (cash wires and securities).
    • Resolve daily reconciliation break items effecting client positions and balances. Provide updates to business partners and bank custodians as effecting client margin calculations.
    • Manually recalculate Reg T SMA and house margin and provide business partners feedback as appropriate to support asset movement requests.
    • Assist with weekly 15c3-3 customer reserve computation,
    • Support daily money market sweep settlements and client redemption/purchase trading.
    • Support ACAT review of incoming/outgoing clients to ensure firm risk guidelines are adhered to.
    • Daily interaction with business and risk managers to evaluate client requests and portfolio risk associated with volatile markets.
    • Validate and be accountable that all tasks are completed according to departmental and regulatory guidelines.

  • 4 - 8 Years specific to the extension of margin credit
  • Bachelor’s degree from accredited university
  • Thorough knowledge of financial markets and operations as it pertains to Prime Brokerage business
  • In-depth knowledge of Federal Reserve Regulation T and FINRA rule 4210
  • Proficiency with Microsoft Office Suite
  • Critical thinking
  • High level of customer service and communication skills (written and oral)
  • Rigorous, good organizational skills and attention to detail
  • Reactive to Client Demands
FINRA Registrations Required:
  • Not Applicable