Job Title: Assistant Manager

Department: ISPL Collateral Management CIB

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 comparison of exposures with the value of the assets pledged, in accordance with the parameters specified in the legal agreement. Changes in exposure will generate changes in collateral balance. The collateral teams will call for or post additional collateral.

This daily margin call process ensures that the Bank is covered in terms of excessive credit risk exposure. As a part of regulatory requirements of EMIR, collateral management is also required to perform portfolio reconciliation as a risk mitigation technique for dispute resolution and to be in line with regulatory requirements of EMIR. Process requires working with clients, Middle Office, P&L; and risk team along with key stakeholders across the bank to report / resolve issues.

Responsibilities

Direct Responsibilities

- Performing daily margin call process front to back for specified clients.
- Margin Call issuance and chasing clients for unanswered margin calls for OTC and REPO business lines
- Investigating disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.
- Chasing clients on failed/missed payments.
- Investigating with settlements team on all bonds that have not settled in the market.
- Working on Substitution requests sent by clients/traders.
- Booking interest for all monthly clients.
- Investigating Interest discrepancies.
- Review control report to ensure effective break, fails and exception management
- Perform trade level reconciliation between BNPP and client portfolio as per EMIR Regulations.
- Investigating and resolving unmatched, entity mismatch and ageing trade breaks that contribute to disputes.
- Investigating and resolving trades breaking due to MTM discrepancy.
- Creating Dispute Notes and working with Margin Call team on trades breaking due to MTM discrepancy.




- Performing high level analysis on Booking / cash flows / FX / discounting / validation of Bid-offer prior to reaching out to Front Office / Valuations teams for further analysis.
- Ownership of Collateral Dispute which requires working with Risk / Front Office to review CSA level / trade level disputes and providing a clear status to allow next steps for resolution to be determined.
- Presenting findings to the management during meetings.
- Creating and maintaining KPIs and perform quality checks.

Contributing Responsibilities

- Point of escalation for client queries, trade breaks, disputes and fails resolution.
- Working on developing and implementing new controls / processes based on Business/ Risk / Industry evolution to better support the risk management needs of BNPP.
- Designing and testing current functionalities.
- Work closely with other managers in Collateral Operations to effectively perform daily collateral management activities

Technical & Behavioral Competencies

- Strong Communication skills required for an effective liaison with counterparties and internal stakeholders in the reconciliation process. (Middle offices, marketers, traders, Risk, Clearing Houses, 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.
- Working experience on Trioptima, Acadia and POWER BI favorable
- Basic Excel skills required.
- Experience of ISDA /GMRA documentation

Specific Qualifications: (If required)

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

Skills Referential (Required knowledge, skills and abilities)

- Skill 1 Strong knowledge of Trade Life Cycle
- Skill 2 – Knowledge of derivative products (Credit,



Interest Rate, FX , Equities).
- Skill 3 - Experience in Portfolio Reconciliation Operations, Collateral Management Operations or another Middle Office Operation functions within Investment Banking is favorable.

Technical Skills:

- Skill 1 – MS Office
- Skill 2 – Pivot tables/ VLOOKUP / HLOOKUP/ Other excel formulas
- Skill 3 – Email Management
- Skill 4 - Power point Presentation

Behavioral Skills:

- Skill 1 - Attention to detail / rigor
- Skill 2 - Ability to deliver / result driven
- Skill 3 - Ability to share / pass on Knowledge
- Skill 4 - Ability to share / pass on Knowledge

Education Level: Bachelor Degree or equivalent

Location: Mumbai

Shift: APAC/ EMEA /NY

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.

📌 Assistant Manager - Collateral Management (Mumbai)
🏢 BNP Paribas
📍 Mumbai