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Manager - Client Clearing Collateral Management

Manager - Client Clearing Collateral Management

BNP Paribas

7 - 12 years

6 - 10 Lacs

Mumbai

Posted:3 months ago| Platform:

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Skills Required

financial analysis collateral management data analysis investment banking power bi client management trade settlements capital market reconciliation excel quality analysis data quality marketing derivatives operations communication skills

Work Mode

Work from Office

Job Type

Full Time

Job Description

Client Clearing Group manages Collateral for all its clients that clear trades through centralized clearing houses. The group generates/sends margin calls to its clients on behalf of clearing houses in which they hold account. The group is responsible for ensuring that BNP is covered in terms of Credit Risk by issuing Intraday Calls as per notification from clearing houses and Prefunding client accounts as per market fluctuation. The group also reconciles Start of day balances with clearing house and accordingly transfers funds to ensure that there is no impact on clients trading activities throughout the day. Apart from call and bond bookings the group also looks after Start of Day activities which involves sending Margin Summary Notices to clients. The process requires individually monitoring and resolving breaks that occur on each component of Margin Summary Notice and ensuring that Margin Call notices generated are in line with balances published by all the clearing houses that we deal with. This is an extremely time sensitive activity and requires liaising with IT Support, Data Storage, Legal, Middle Office and Clearing Houses.

Responsibilities

Direct Responsibilities

Performing Data Quality analysis, Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.

Taking ownership to Investigate on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.

Review and resolved failed/missed client payments.

Review and resolve all bond fails by liaising with client, RM and Settlement Team.

Being a first point of contact for escalations.

Ensure interest is booked within a month and that there are no instances of carry forward interest.

Investigating on Interest discrepancies.

Representing Operations on IT Development calls.

Smooth transition of BAU during IT enhancements and IT releases.

Building operational solutions on new market requirements.

Contributing Responsibilities

Contributing on Automation calls and Meetings by actively participating.

Testing new functionalities.

Come up with tactical solutions to ensure calls are issued on time.

Review and understand Business Documents raised for automations.

Generate monthly client KPIs and publish it to stakeholders.

Participate in stakeholder calls and present team performance.

Identify open risk items in the process and look for solutions to overcome those.

Create and maintain training plans for New Joiners.

Technical & Behavioral Competencies

Strong Communication skills required for an effective liaison with counterparties and internal stakeholders (Middle offices, marketers, traders, Risk, Clearing Houses, compliance and legal)

Knowledge of derivative products (Credit, Interest Rate, FX, Equities) and Trade life cycle.

Experience in clearing processes is favorable.

Basic Excel skills required.

Advanced Presentation skills required

Basic Power Bi skills

Specific Qualifications (if required)

Skills Referential

Behavioural Skills : (Please select up to 4 skills)

Attention to detail / rigor

Organizational skills

Personal Impact / Ability to influence

Critical thinking

Transversal Skills:

Ability to manage a project

Analytical Ability

Ability to develop and leverage networks

Ability to develop others & improve their skills

Ability to inspire others & generate people's commitment

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 7 years

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Manager - Client Clearing Collateral Management