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.

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 specialised 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

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.

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.

Job Title:

Associate Level 1 / Senior Associate

Date:

2024

Department:

COCE Trade Processing & Support

Location:

Mumbai

Business Line / Function:

COCE Trade Processing & Support – Global Market Operations – Collateral Management

Reports to:

(Direct)

Vice President

Grade: 

(if applicable)

NA

(Functional)

NA

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

Client Clearing Group manages Collateral for all its clients that clear trades through centralized clearing houses. The group generates/sends margin calls to its clients on behalf of clearing houses in which they hold account. The group is responsible for ensuring that BNP is covered in terms of Credit Risk by issuing Intraday Calls as per notification from clearing houses and Prefunding client accounts as per market fluctuation. The group also reconciles Start of day balances with clearing house and accordingly transfers funds to ensure that there is no impact on clients trading activities throughout the day. Apart from call and bond bookings the group also looks after Start of Day activities which involves sending Margin Summary Notices to clients. The process requires individually monitoring and resolving breaks that occur on each component of Margin Summary Notice and ensuring that Margin Call notices generated are in line with balances published by all the clearing houses that we deal with. This is an extremely time sensitive activity and requires liaising with IT Support, Data Storage, Legal, Middle Office and Clearing Houses.

Responsibilities

Direct Responsibilities

·         Performing Data Quality analysis, Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.

·         Taking ownership to Investigate on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.

·         Review and resolved failed/missed client payments.

·         Review and resolve all bond fails by liaising with client, RM and Settlement Team.

·         Being a first point of contact for escalations.

·         Ensure interest is booked within a month and that there are no instances of carry forward interest.

·         Investigating on Interest discrepancies.

 Contributing Responsibilities

·         Contributing on Automation calls and Meetings by actively participating.

·         Testing new functionalities.

·         Come up with tactical solutions to ensure calls are issued on time.

·         Review and understand Business Documents raised for automations.

·         Generate monthly client KPIs and publish it to stakeholders.

·         Participate in stakeholder calls and present team performance.

·         Identify open risk items in the process and look for solutions to overcome those.

·         Create and maintain training plans for New Joiners.

Technical & Behavioral Competencies

·         Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (Middle offices, marketers, traders, Risk, Clearing Houses, compliance and legal)

·         Knowledge of derivative products (Credit, Interest Rate, FX, Equities) and Trade life cycle.

·         Experience in clearing processes is favorable.

·         Basic Excel skills required.

Specific Qualifications (if required) 

NA

Skills Referential

Behavioural Skills: 

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills: 

Ability to manage a project

Analytical Ability

Ability to develop and leverage networks

Ability to develop others & improve their skills

Ability to inspire others & generate people's commitment

Education Level: 

  Bachelor's Degree or equivalent

Experience Level

Atleast 1 years

Other/Specific Qualifications (if required)

NA