Job Title:
Associate - Settlement - US Shift

Department
: Slab settlements & Collateral Management

About Business Line/Function
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo.. and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope. For SLAB, operations team manages the exposure on the bilateral trades and performs collateral trade booking in the system (where BNP receives collateral). Ops also performs recall and return bookings for the request sent by counterparty. For same day short for settlement or buy-in issue, operations book the recalls from triparty or inform the desk to make necessary borrows. Additionally, in case of account short with triparty,



to have smooth release of recalls, ops requests desk to pledge-in the necessary amount of collateral, if required

Position Purpose
Manage in a daily basis collateralized agreements within Collateral Management Operations.
- 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

📌 Associate - Settlements- US Shift (Bengaluru)
🏢 BNP Paribas
📍 Bengaluru