Job Title:  Assistant Manager – DEC Cash and Margins (Collateral Management)

Department: ISPL DEC - Cash Management and Margin Call, CIB - POLE CORPORATE AND INSTITUTIONAL BANKING

About Business line/Function: DEC and LD operations are part of CIB / Global Market Operations globally. Locally it is part of India services. Operations team is further divided into multiple functional pillars which provide service to the DEC and LD business that caters to the clients across the globe, helping them with trades and margins related to Futures, Options and commodities and other types of derivative contracts.

The team is responsible for smooth running of day-to-day operations, processing activities such as confirmation, allocation, clearing, settling margin calls, reconciling trade, positions, cash market fees, brokerage. Team provides support across all regions APAC/EMEA/US. This team works very closely with other platforms and hub locations notably Lisbon, Singapore, London and US.

Position Purpose: Reporting to the ISPL DEC Cash and Margin Manager, this role is responsible for overseeing cash and non‑cash settlements to clients and clearing houses. As a core member of the DEC and LD OPS teams in India, the incumbent must ensure that all margin calls are settled within the required cut‑off times and meet quality standards, while promptly addressing client inquiries.

Responsibilities

Direct Responsibilities

·         Direct communication and interaction with clients and business partners

·         Client margin and interest calculations

·         Account balancing 

·         Cash management 

·         Wire transfer processing

·         Non-cash collateral custody account settlements

·         Securities inventory balancing 

·         Nostro break reconciliation investigation 

·         Daily regulatory review and oversight 

·         SWIFT message interpretation

·         KPI Reporting and trend analysis

·         Regulatory and audit inquiry management 

·         Operational control implementation and monitoring

·         Data entry  

Contributing Responsibilities

·    Effective communication across multiple teams including development team (IT) and other stakeholders. 

·    Create SOP's, perform knowledge transfer and cross training for proper backup in team.

·     Identify risk in process 

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)

·    Take Accountability and Ownership, Having good control and analytical mindset 

·     In depth practical and theoretical understanding of DEC and LD lifecycle 

·    Good knowledge of Exchange Traded derivative products /ETD Clearing.

·         Experience of commodity exchanges and CCPs’ platforms 

·         Flexibility to accommodate business requirements and working hours.

·         Ability to use Excel at an intermediate level - essential

·         Excellent numerical and analytical skills - essential 

·         High attention to detail and quality focused

·         Be comfortable with escalation and managing issues as they arise

·        Forward thinking and proactive with the ability to question process 

·         Ability to work under pressure 

Specific Qualifications:

·         Bachelor’s degree from a college or university 

·         Strong Communication skills and client focus oriented

·         Fundamental understanding of clearing /Futures & Options markets.

·         Knowledge of all Microsoft Office applications (Excel, Word, PowerPoint, Access)

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

·         Two to Five years of experience in managing cash and margin calls.

·         Basic knowledge of Listed derivative products

Behavioral Skills: 

·         Attention to detail / rigor 

·         Organizational skills 

·         Prioritization and Planning

·         Working in teams

Education Level: Bachelor’s degree or equivalent

Location: Bangalore, India

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, color, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.