Job Title: Assistant Manager – Data Integrity - Collateral Management

Department: Collateral Management, Market Operations

About Business line/Function: 

The Collateral Management Group compares 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 collateralized. 

Position Purpose: 

The process requires sanity checks to be performed daily/weekly/monthly basis on all trade economics of agreements on which margin calls are issued. These checks are to be done on agreements of all regions i.e. Asia, London and New York. The purpose is to look for unusual activity or trends with respect to client’s portfolio.

Responsibilities

Direct Responsibilities

·         Perform sanity checks on the various feeds for all the regions (Asia, Europe and New York.)

·         Running & maintaining the access database.

·         Liaising with Middle office & Front office for trade breaks and PV difference analysis.

·         Capturing email/queries sent to the FO & MO & following up on the same.

·         Creating manuals trade entries to show correct positions in the client portfolio.

·         Preforming regular static checks for collateral management set up.

·         Validating all rejected trades (non-collateralized)  on the daily basis

·         Maintaining logs for all the feed delays & issues.

Contributing Responsibilities

·         Timely updation of SOP and Process Handbook/Pact

·         Work closely with support functions, stakeholders & onshore teams.

·         Timely updation of the Decks & dashboards

Technical & Behavioral Competencies

·         Strong Communication skills required for an effective liaison with internal stakeholders. (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 another Middle Office Operation functions within Investment Banking is favorable.

·         Basic Excel skills required.

Specific Qualifications:

• Minimum 5 years of experience along with Bachelor's Degree - in management, finance, science, economics, related field or equivalent experience.

• Prior experience in similar domain.

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• Advanced Excel
• Python (good to have)
• PowerBi (good to have)

Behavioral Skills: 

• Communication
• Analytical Ability
• Team Player

Education Level: Bachelor Degree or equivalent

Location: Mumbai

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, colour, 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.