Job Description
SENIOR ASSOCIATE - CLIENT CLEARING COLLATERAL MANAGEMENT (JOB NUMBER: GLO006070)
Client Clearing
Note to Hiring Manager:
In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.
About BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries with more than 1+0,000 employees. It 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Business line/Function :
The Collateral Management Group compares 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 collateralized.
Job Title:
Senior Associate
Date:
Department:
Collateral Management
Location:
Business Line / Function:
Global Market Operations
Reports to:
(Direct)
Team Lead
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
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 prior to issuing margin calls.
Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.
Margin Call issuance and chasing clients for unanswered margin calls.
Investigating on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.
Chasing clients on failed/missed payments.
Investigating with settlements team on all bonds that have not settled in the market.
Working on Substitution requests sent by clients/traders.
Booking interest for all monthly clients.
Investigating on Interest discrepancies.
Working on ageing breaks on Interest, missed payments and bond fails.
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.
Take ownership to ensure correct calls are processed and sent within agreed SLAs.
Review and understand Business Documents raised for automations.
Technical & Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (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.
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: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
Client Clearing
Note to Hiring Manager:
In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.
About BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries with more than 1+0,000 employees. It 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Business line/Function :
The Collateral Management Group compares 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 collateralized.
Job Title:
Senior Associate
Date:
Department:
Collateral Management
Location:
Business Line / Function:
Global Market Operations
Reports to:
(Direct)
Team Lead
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
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 prior to issuing margin calls.
Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.
Margin Call issuance and chasing clients for unanswered margin calls.
Investigating on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.
Chasing clients on failed/missed payments.
Investigating with settlements team on all bonds that have not settled in the market.
Working on Substitution requests sent by clients/traders.
Booking interest for all monthly clients.
Investigating on Interest discrepancies.
Working on ageing breaks on Interest, missed payments and bond fails.
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.
Take ownership to ensure correct calls are processed and sent within agreed SLAs.
Review and understand Business Documents raised for automations.
Technical & Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (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.
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: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 3 years
Schedule
: Full-time
Client Clearing
Note to Hiring Manager:
In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.
About BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries with more than 1+0,000 employees. It 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Business line/Function :
The Collateral Management Group compares 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 collateralized.
Job Title:
Senior Associate
Date:
Department:
Collateral Management
Location:
Business Line / Function:
Global Market Operations
Reports to:
(Direct)
Team Lead
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
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 prior to issuing margin calls.
Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.
Margin Call issuance and chasing clients for unanswered margin calls.
Investigating on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.
Chasing clients on failed/missed payments.
Investigating with settlements team on all bonds that have not settled in the market.
Working on Substitution requests sent by clients/traders.
Booking interest for all monthly clients.
Investigating on Interest discrepancies.
Working on ageing breaks on Interest, missed payments and bond fails.
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.
Take ownership to ensure correct calls are processed and sent within agreed SLAs.
Review and understand Business Documents raised for automations.
Technical & Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (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.
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: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
Client Clearing
Note to Hiring Manager:
In support of BNP Paribas APAC's Diversity Commitment, Hiring Managers are to consider at least 1 Asia Pacific national, 1 male and 1 female candidate for the position to be filled.
About BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries with more than 1+0,000 employees. It 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. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Business line/Function :
The Collateral Management Group compares 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 collateralized.
Job Title:
Senior Associate
Date:
Department:
Collateral Management
Location:
Business Line / Function:
Global Market Operations
Reports to:
(Direct)
Team Lead
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
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 prior to issuing margin calls.
Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.
Margin Call issuance and chasing clients for unanswered margin calls.
Investigating on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.
Chasing clients on failed/missed payments.
Investigating with settlements team on all bonds that have not settled in the market.
Working on Substitution requests sent by clients/traders.
Booking interest for all monthly clients.
Investigating on Interest discrepancies.
Working on ageing breaks on Interest, missed payments and bond fails.
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.
Take ownership to ensure correct calls are processed and sent within agreed SLAs.
Review and understand Business Documents raised for automations.
Technical & Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders to the reconciliation process. (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.
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: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and leverage networks
Ability to develop others & improve their skills
Ability to manage / facilitate a meeting, seminar, committee, training…
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
Primary Location
: IN-MH-Mumbai
Job Type
: Standard / Permanent
Job
: OPERATION PROCESSING
Education Level : Bachelor Degree or equivalent (>= 3 years)
Experience Level : At least 3 years
Schedule
: Full-time
💡 Quick Summary
Seeking a career-building opportunity? The Senior Associate | Client Clearing Collateral Management position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
