Senior Associate - Collateral Management
BNP Paribas
Mumbai, MH, IN
13d ago

About BNP Paribas India Solution Pvt Ltd :

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, which is one of the leading banking groups in the world.

With two delivery centers located in Mumbai and Chennai, BNP Paribas India Solutions is a 24x7 global delivery center. It services the two business lines of BNP Paribas :

This consists of the Group’s retail banking networks and the specialized financial services. Today, BNP Paribas India Solutions provides best-

in-class solutions in three main business verticals :

Information Technology Operations Finance : PURPOSE OF THE JOB

To support the operational implementation of new collateral agreements managed by the Collateral team, both for repos and derivatives.

The Collateral Management Group processes 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 collateralised.

Currently the group handles approximately $100 Billion of collateral globally on behalf of the Bank and its counterparties and this figures is expected to rise significantly in this environment of declining credit quality and increasing use of Derivatives, together with increasing focus from regulators to mitigate credit risk.

The group interacts closely with Traders, Marketers, Legal, Credit and Operations. The collateralised portfolios consist of practically all products traded within BNPP Capital Markets, including OTC Fixed Income and Equity Derivatives, Swaps, Repos, FX, Credit Derivatives, FRA’s, CAPs, Swaptions Commodities and Exotics.

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 the portfolio PV (due to market price fluctuations, or new / matured trades) will generate changes in the required collateral balance.

The collateral teams will call for or post additional collateral funds depending on the direction of movement of the PV of the trade portfolio relative to collateral pledged.

This daily margin call process ensures that at all times, the Bank and the counterparties remain as protected as possible from excessive credit risk exposure, and hence can minimise the amount of regulatory capital set aside against credit risk


Collateral Management Analyst

Responsible for the full front to back daily margin call process for specific clients :

  • Responsible for the Client Testing / Onboarding into Collateral Platforms.
  • Responsible for the Design / Testing of new functionality
  • Communication skills Required for liaising with counterparties and internal stakeholders to the collateral process. (Middle offices, marketers, traders, credit and legal)
  • Time Management and an ability to adapt to the varying demands of the team.
  • Risk Awareness Strong awareness of Operational , Counterparty, Regulatory risk.
  • Knowledge of OTC derivative products (Credit,, Interest Rate, FX , )

  • Strong knowledge on the life cycle of a trade.
  • Previous experience in Collateral Management or other Middle Office Operation functions within Investment Banking. (Exposure to Client Clearing / OTC Margin calls beneficial.)
  • Strong Excel skills favourable
  • OPERATION PROCESSING Education Level Master Degree or equivalent (>

    4 years) Experience Level Beginner Behavioural Competencies Transversal Competencies

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