SLAB Collateral Operations Officer

About the job

Your Main Activities Are

• Book and perform validation of cash collateral against exposure trades, by monitoring of the MTM (Market to Market) on trades and re-marking of trades resulting from margin calls initiated by BNP Paribas Arbitrage or the counterparty
• Portfolio reconciliation in case of disagreement: investigation on trade population and price issues
• Respond to enquiries / investigations prompted from SLAB Settlements team performing the “trade compare” function
• Reconciliation of cash pools with counterparties, Resolution of cash payment fail issues and accounting breaks and ensure end of day escalation/alert reports are duly commented (uncovered exposures, payment fails, accounting breaks)
• Manage exposure created by new trades and MTM on existing trades, identify securities available in the inventory to collateralize exposure trades, initiate substitutions as a result of corporate action events or short positions and agree and confirm with counterparties on exposures and securities to be exchanged as collateral
• Manage actual exposure by monitoring settlements statuses, liaise with the Securities Back Office to ensure timely settlement, raise / escalate settlement fails that are due to clients (unresponsiveness, incorrect instructions) and reconcile portfolios in case of disagreement on the exposure – investigate root causes
• Respond to “trade compare” enquiries initiated by SLAB Settlements team, ensure that end of day escalation/alert reports are duly commented (uncovered exposures, collateral settlement fails on bookings performed by SLAB Equity Collateral Operations)
• Determine the triparty RQV (Required Value) by entity and collateral profile, match the RQV against the counterparty’s RQV – use market utilities (eg Pirum) and /or triparty portals to match RQVs
• Reconcile RQVs, investigate root causes for discrepancies (static data, trade bookings including collateral profiles, prices), set up mappings (eg Pirum for new entities and collateral profiles) and Collateral forecast reporting and liaising with FO to ensure suitable collateral availability
• Select collateral to be delivered/received to/from triparty long boxes, book transfers between main depots and triparty long boxes, liaise with the Securities Back Office on settlement issues (between main depots and long boxes) and ensure that end of day escalation/alert reports are duly commented (uncovered exposures)

Profile and Skills to Success

• Bachelor’s Degree in Economics, Finance and Accounting
• Up to 2 years of Experience in Banking and Financial Operations
• Client and Regional Knowledge – EMEA
• Knowledge in Operations and Processes – Middle Office Operations
• Proficiency in Ms Office Pack Microsoft Excel and Word
• Fluency in English
• Ability to develop and adapt a process
• Analytical Ability
• Attention to detail/rigor
• Communication skills

#LI-Hybrid

Why joining BNP Paribas?

• Leading banking institution

BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.

• Our presence in Portugal

In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group’s 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.

• International reach

Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:

• Retail Banking, a division that brings together all the Group’s retail activities and specialised business lines;
• Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services;
• Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.

• Diversity and Inclusion commitment

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/paternity, 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.

• Commitment towards work/life balance

At BNP Paribas we care about our employees’ wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.

• Remote Working Conditions

At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.

To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal

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

• In case you are selected for this role, further documentation will be requested to support your hiring process.