Assistant Vice President - Collateral Control Analyst

Business Overview:

At a high level, Collateral Management is the function responsible for mitigating the risks associated with unsecured financial transactions. Collateral/margin agreements transform the client’s credit risk, into more manageable operational risk. Margin calls are met with the transfer of liquid assets including cash and securities. Today’s rapidly changing regulatory environment has brought upon an ongoing need to adapt existing processes to meet evolving requirements

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
• Able to influence peers and team.
• Demonstrates good judgement when making decisions of high complexity and impact.
• Exercise appropriate autonomy in the execution and delivery of work.
• Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
• Creates trust with colleagues.
• Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus:
• Able to build relationships with a mix of colleagues and clients.
• Interacts regularly with management and department leaders.
• Demonstrates the ability to influence stakeholders at the team level.
• Compliance Culture and Conduct:
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities:

• Reconcile cash and securities collateral positions (collateral system vs. ledger / back-office settlements system / third party custodians) for multiple BNPP entities
• Perform controls to ensure all swaps and repo collateral movements are accurate and properly classified
• Monitoring of Letter of Credit eligibility
• Distribution of control reporting (eligible collateral, concentration risk, upcoming maturities, wrong way risk)
• Confirm receipt/payment of all daily cash movements
• Report client margin fails to firm wide distribution and escalate as necessary.
• Reconcile collateral activity in support of multiple business lines (including un-cleared derivatives, repos, and TBAs)
• Distribute break reporting to Collateral team in a clear and concise manner. Aid margin analysts in resolving open issues
• Escalate unresolved issues to management
• Perform ad hoc projects as approved by management
• Work with internal/external auditors and prudential regulators
• Ensure all controls are accurately
• Ensure proper segregation of customer collateral
• Ensure re-hypothecation rules are respected
• As needed, perform margin call duties for repo and OTC derivatives

Minimum Required Qualifications

• Strong working knowledge of Microsoft Excel. Ability to build Excel based solutions (macros a plus) to improve efficiencies / controls.
• Necessary characteristics include:
• track record of mitigating operational risk
• attention to detail, high degree of accuracy
• customer service etiquette
• strong communication skills (oral & written)
• sense of initiative
• ability to work under pressure in a fast-paced environment

Preferred Qualifications:

• Four-year college degree

FINRA Registrations Required:

• None

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):

• N/A

SEC Security-Based Swap Dealer Associated Person:

• Applicable

The expected starting salary range for this position in New Jersey is between $82k to $109k annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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