Manager - Client Clearing Collateral Management

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, Monitoring batches that generate cash flows, interest, bond prices, and other components of a Margin Call.Taking ownership to Investigate on disputed calls and liaising with client, MO and legal on various aspects of disputed margin calls.Review and resolved failed/missed client payments.Review and resolve all bond fails by liaising with client, RM and Settlement Team.Being a first point of contact for escalations.Ensure interest is booked within a month and that there are no instances of carry forward interest.Investigating on Interest discrepancies.Representing Operations on IT Development calls.Smooth transition of BAU during IT enhancements and IT releases.Building operational solutions on new market requirements.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.Review and understand Business Documents raised for automations.Generate monthly client KPIs and publish it to stakeholders.Participate in stakeholder calls and present team performance.Identify open risk items in the process and look for solutions to overcome those.Create and maintain training plans for New Joiners.Technical & Behavioral Competencies
Strong Communication skills required for an effective liaison with counterparties and internal stakeholders (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.Advanced Presentation skills requiredBasic Power Bi skillsSpecific Qualifications (if required)
Skills Referential
Behavioural Skills(Please select up to 4 skills)Attention to detail / rigorOrganizational skillsPersonal Impact / Ability to influenceCritical thinkingTransversal Skills:

(Please select up to 5 skills)Ability to manage a projectAnalytical AbilityAbility to develop and leverage networksAbility to develop others & improve their skillsAbility to inspire others & generate people's commitmentEducation Level:Bachelor Degree or equivalentExperience LevelAt least 7 years