Associate Level 1 - AGL APAC Settlements and Collateral

About Business line/Function:

Principal Lending is past of MFS Sec lending function:

• Temporarily

  transfers

  of title of the security (Loan) and associated rights and privileges.
• Lender has the

  Right to recall

  the security.
• Lender receives

  collateral

  from the borrower, valued higher than the value of the lent securities.
• The margin levels are marked-to-market, to ensure that the loan is

  sufficiently collateralized on all times

  .

• Pre-negotiated fee

  is charged by the Lender on the borrower for each loan till the loans are closed.

Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the teams goal.

Associate Level 1 and Sr. Associate will be responsible for performing daily tasks related to Collateral & Settlements process carried out in the Agency lending department. He/ She will work on the daily tasks, monitor the settlement and book the collateral trades and will report directly to the Team Manager of the Settlements team. The staff will be working closely with Paris management, Relationship management, Front office and external Brokers as part of their daily BAU.

Responsibilities

Keep up and manage every operational aspects linked to the activity of agency lending. (Loan deliveries, loan returns, recalls)

Ensure settlement of loans and collateral trades. Monitor all the loans booked by Front Desk & collateral trades are settled in time in adherence to the settlement cycle.

Understanding the importance of our delivery (loans) and recalls and prioritize the same.

Knowledge about US /EMEA/APAC markets and specifications to manage settlement and cut off.

Maintain quality relationship with every global custody operational team of each branch of BNP Paribas Securities Services, with external stakeholders like counterparties and with our trading desk.

Understanding the collateral Management process, both Pre and Post collateralization markets.

Book the collateral movement on the trading system with the correct economic details

Perform control tasks required for the process, double check and confirm the completion of tasks within the deadline in line with daily checklists.

Resolve breaks in the reconciliation in collaboration with reconciliation team

Must be able to see tasks through to completion with a sense of accountability.

Ability to work independently, as well as in a team environment, prioritizes multiple tasks, and meets strict deadlines.

Ability to work in a team environment in coordination with the colleagues and the mangers.

Proficient in Microsoft Office Applications and strong MS Excel skills required.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Attention to detail / rigor

Communication skills - oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to develop others & improve their skills

Ability to develop and leverage networks

Ability to develop and adapt a process

Education Level:

Bachelor Degree or equivalent

Experience Level

Indifferent