Collateral Management Operations Analyst

Publicado 14 Setembro 2018

BNP Paribas

Lisboa (Contabilidade / Finanças)


BNP Paribas is a leading European bank with an international reach. It has a presence in 73 countries, with more than 192,000 employees – including more than 146,000 in Europe and over 4,000 in Portugal alone.

BNP Paribas is present in Portugal since 1985, having been one of the first foreign banks to operate in the country. Today, BNP Paribas has several entities operating directly in this territory, offering a wide range of integrated financial solutions to support its clients and their businesses.

Worldwide, the Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

The Collateral Management Operations 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 $90 Billion of collateral globally on behalf of the Bank and its counterparties as regulators to require Banks to mitigate counterparty 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.

Role and Responsibilities

The Collateral Management Operations Analyst will be responsible for the full front to back daily margin call process for specific clients:

  • Performing Data Quality analysis prior to issuing margin calls
  • Margin Call issuance and responding to incoming margin calls
  • Booking of eligible Credit Support (Free of Payment cash/ bonds / Tri-Party or repricing)
  • Dispute resolution through portfolio reconciliation
  • Monthly interest settlements
  • Perform and respond to control reporting to ensure effective break/ fails and exception management

Profile

  • Degree in Economy/Finance/Management or experience in the banking industry
  • Between 0 to 5 years’ experience within Investment Bank Operations / Capital Markets
  • Previous experience in Collateral Management, Derivative Middle-Office and reconciliation are a plus
  • Knowledge of derivative products and experience of ISDA /GMRA documentation are a plus
  • Fluency in English is mandatory
  • Strong Excel / Access skills
  • Strong communication skills and team player, required for an effective liaison across multiple stakeholders
  • Risk awareness and attention to detail
  • Time management and ability to prioritise effectively based on the risk / time criticality of the tasks required
  • Innovative mindset and able to improve processes to minimise risk and increase efficiency

Please note that only applications submitted in English will be considered.

BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.