Associate - Margining - Collateral Management CIB null

Job Description

Position Purpose

The process requires the comparison of exposures with the value of the assets pledged, by 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.

Direct Responsibilities

• Performing daily margin call process front to back for specified clients.
• Margin Call issuance and chasing clients for unanswered margin calls.
• Investigating disputed calls and liaising with the client, MO, and legal on various aspects of disputed margin calls.
• Chasing clients on failed/missed payments.
• Investigating with the 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 Interest discrepancies.
• Perform and respond to control reports to ensure effective break, fails, and exception management.
• Presenting findings to the management during meetings.
• Creating and maintaining KPIs and also performing quality checks.

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 implementing 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 in 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 other Middle Office Operation functions within Investment Banking is favorable.

Basic Excel skills required

• Experience with ISDA /GMRA documentation.