Job Title: Associate

Department: Global Markets Operations – SLAB Collateral Management

About Business line/Function: Securities Lending and Borrowing Collateral Management

Position Purpose

Primary responsibilities of the team include:

Manage in a daily basis collateralized agreements within Collateral Management Operations to support both for derivatives security lending and repo activity.
The Collateral Management Group processes the Net Present Value of the portfolio of trades between BNPP SA, BNPP Arbitrage and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralized. Currently the group handles approximately $140 Billion of collateral globally on behalf of the Bank and its counterparties as regulators to require Banks to mitigate counterparty credit risk. The group interacts closely with Traders, Marketers, Legal, Credit and Operations.
Changes in the portfolio PV (due to market price fluctuations, or current / 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 exchanged. This daily margin call process ensures that at all times, the Bank and its subsidiaries remain as protected as possible from excessive credit risk exposure, and hence can minimize the amount of regulatory capital set aside against credit risk.

Responsibilities

Direct Responsibilities

Responsible for the settlement of Security transactions & associated products booked in BOLIVAR, on a timely and cost effective basis by:
Managing the exposure on bilateral trades and booking the relevant collateral trades
Performing recall and return bookings for request sent by counterparty
Recalling positions from triparty or inform desk to borrow to cover same day short or buy-in risk
Requesting desk to pledge-in required amount of collateral to cover triparty sho

📌 Associate - SLAB – Collateral Management (Bengaluru)
🏢 BNP Paribas
📍 Bengaluru