Assistant Manager – Collateral Management – Collateral Management

Job Description

Assistant Manager – Collateral Management | BNP Paribas

The Tone:
This is a full-time role at BNP Paribas, located in Mumbai, India. The Collateral Management Group is essential for managing the bank’s exposure to its counterparties by comparing trade portfolios and ensuring sufficient collateralization daily. This role is critical for mitigating excessive credit risk, ensuring regulatory compliance with EMIR, and preventing disputes through precise reconciliation processes. The Assistant Manager will play a key role in maintaining financial stability and adhering to evolving regulatory standards within market operations.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, Mumbai, Maharashtra, India

• Team: Collateral Management, Market Operations
• Mission: Ensure the bank’s credit risk exposure is sufficiently covered through daily collateral management processes and adherence to regulatory requirements.
• Tech Stack: Tri-Optima, Acadia platform, Advanced Excel, PowerBi

What You’ll Actually Do
• Daily Margin Calls: Execute the end-to-end daily margin call process for assigned clients, including issuance, tracking, and resolution of unanswered calls.
• Dispute Resolution: Investigate and resolve disputed margin calls by liaising with clients, middle office, and legal teams, and follow up on failed or missed payments.
• Regulatory Reporting: Prepare and submit monthly reports to regulators in line with EMIR requirements, including a monthly review of reportable items with key stakeholders.
• Valuation Analysis: Review and analyze PV differences as part of EMIR reconciliation and margin call disputes, including high-level analysis of bookings, cash flows, and FX.
• Team Guidance: Act as a subject matter expert (SME) within the team, providing guidance and support for resolving aging and complicated breaks.

The Must-Haves
• Background: Bachelor’s Degree in management, finance, science, economics, or a related field, or equivalent experience.
• Experience: Minimum 5 years of experience, with prior experience in Collateral Management Operations, Portfolio Reconciliation Operations, or another Middle Office Operation function within Investment Banking.
• Skills: Strong communication skills for effective liaison with counterparties and internal stakeholders, knowledge of derivative products (Credit, Interest Rate, FX, Equities), strong understanding of the Trade Life Cycle, and basic/advanced Excel skills.
• Bonus: Understanding of EMIR requirements regarding Margin Call, Portfolio Reconciliation, and UMR regulation with regards to Initial Margin; experience with Tri-Optima and Acadia platform; PowerBi skills.