Team Lead - Collateral Management

Team Lead - Collateral Management

BNP Paribas
6-10 years
Not Specified

Job Description

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 Business line/Function :
. The Collateral Management Group processes 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 collateralised.
Currently the group handles approximately $15 Billion of collateral globally on behalf of the Bank and its counterparties and this figures is expected to rise significantly in this environment of declining credit quality and increasing use of Derivatives, together with increasing pressure from regulators to mitigate credit risk.
. The group interacts closely with Traders, Marketers, Legal, Credit and Operations. The collateralized portfolios consist of practically all products traded within BNPP Capital Markets, including OTC Fixed Income and Equity Derivatives, Swaps, Repos, FX, Credit Derivatives, FRA's, CAPs, Swaption Commodities and Exotics. 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 the portfolio PV (due to market price fluctuations, or new / matured trades) will generate changes in the required collateral balance. The collateral teams will call for or post additional collateral funds depending on the direction of movement of the PV of the trade portfolio relative to collateral pledged.
This daily margin call process ensures that at all times, the Bank and the counterparties remain as protected as possible from excessive credit risk exposure, and hence can minimize the amount of regulatory capital set aside against credit risk.
Job Title:
Sr. Associate Collateral 3CM
Global Market Operations
Business Line / Function:
Global Market Operations
Reports to:
Team Leader /Manager
(if applicable)
Number of Direct Reports:
Directorship / Registration:
Managing On-boarding team within 3CM,contribute in achieving the team's goal. Creating Human resource assets within organization, Managing and driving internal Team and Client Meetings , Clients On boarding's requirements, understanding on SLA and CSA requirement.
Direct Responsibilities
  • Meeting Client and onshore Service delivery expectation.
  • Meeting all Onshore and ISPL Management requirements.
  • ISDA GMRA and CSA agreements setup knowledge. Along with SSI knowledge (Alert and CBV)
  • Client Reporting and Client Onboarding Set up request.
  • Handling Client Queries and providing with proper solution on any client change request.
  • Understanding end to end collateral management and Client onboarding process.
  • Responsible for the full front to back daily margin call process for specific clients:
  • Performing Data Quality analysis prior to issuing margin calls.
  • Margin Call Preparation Netting Cash Flows / Rolling Interest.
  • Margin Call issuance.
  • Booking of eligible Credit Support and fails management.
  • Substitutions of Collateral with both CCP and Client.
  • Monthly interest settlements.
  • 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)
  1. Time Management and an ability to adapt to the varying demands of the team.
  2. Risk Awareness: Strong awareness of Operational, Counterparty, Regulatory risk.
  3. Knowledge of OTC derivative products (Credit,, Interest Rate, FX , )
  4. Strong knowledge on the life cycle of a trade.
  5. Strong Excel skills favorable
  6. Previous experience in Collateral Management or other Middle Office Operation functions within Investment Banking. (Exposure to Client Clearing / OTC Margin calls beneficial.)
  7. Ability to manage the team and building strong team with domain Knowledge.
Specific Qualifications(if required)
.Job Type: Standard/Permanent
.Education Level: Bachelor's Degree or equivalent
.Experience Level: At least3 years
.Schedule: Full-time
Behavioral 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 3 years
Other/Specific Qualifications(if required)

Job Details

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About BNP Paribas

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