Associate - Slab Settlements

ASSOCIATE - SLAB SETTLEMENTS (JOB NUMBER: OPE002371)

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**SLAB - Collateral Management**

**About BNP Paribas Group:
BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

**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**:
Global Market Securities Settlements team ensures that Security transactions (Bonds, Equities, Complex Securities, ETF, SLAB, Repo..) and positions registered in the books under CIB ITO’s mandate, match the commitment actually taken with counterparties within a secure setup, in accordance with Group and Regulatory Policies and/or contractual agreements.

Within the Securities Settlement Department, the main processes include pre & post settlement activities, clearing, and event-related accounting for securities deemed in scope. For SLAB, operations team manages the exposure on the bilateral trades and performs collateral trade booking in the system (where BNP receives collateral). Ops also performs recall and return bookings for the request sent by counterparty. For same day short for settlement or buy-in issue, operations book the recalls from triparty or inform the desk to make necessary borrows. Additionally, in case of account short with triparty, to have smooth release of recalls, ops requests desk to pledge-in the necessary amount of collateral, if required

**Job Title**:
Associate Level 1

**Date**:
**Department**:
Global Markets Operations - SLAB Collateral Management

**Location**:
Bangalore

**Business Line / Function**:
SLAB - Collateral Management

**Reports to**:

- (Direct)_

NA

**Grade**:
(if applicable)

Associate Level 1
- (Functional)_

**Number of Direct Reports**:
NA

**Directorship / Registration**:
NA

**Position Purpose**

Manage in a daily basis collateralised agreements within Collateral Management Operations to support both for derivatives security lending and repo activity.
- The Collateral Management Group processes the Net Present Value of the portfolio of trades between BNPP SA, BNPP Arbitrage and its counterparties on a daily (or as specified) basis and ensure that this exposure is sufficiently collateralised. Currently the group handles approximately $140 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.
- 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 exchanged. This daily margin call process ensures that at all times, the Bank and its subsidiaries remain as protected as possible from excessive credit risk exposure, and hence can minimise the amount of regulatory capital set aside against credit risk.

**Responsibilities**

**Key Responsibilities**:

- Responsible for the settlement of Security transactions & associated products booked in BOLIVAR, on a timely and cost effective basis by:

- Managing the exposure on bilateral trades and booking the relevant collateral trades
- Performing recall and return bookings for request sent by counterparty
- Recalling positions from triparty or inform desk to borrow to cover same day short or buy-in risk
- Requesting desk to pledge-in required amount of collateral to cover triparty shorts
- Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:

- By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
- By passing entries to the Calypso systems to clean up outstanding items on a timely basis
- By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
- By investigating and solving accounting breaks raised by Securities Control & Accounting teams
- Escalating items that represent operational risk to the direct Manager
- Contribute to the minimisa