Need- Manager - SLAB Settlements

Job Description

Position PurposeManage 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: 1. 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
2. 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 Bolivar 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 direct Manager
3. Contribute to the minimization of settlement costs & operational risk:
• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• Monitors and take appropriate actions in case of market risks (buy-ins, market fines and penalties etc.)
• By reducing the number of manual instructions sent to agents therefore reducing cost , manual intervention and settlement risk according to Compliance rules
• If necessary, using the escalation process when operational risk is detected
4. Contribute to the overall successful running of the settlement department:
• By maintaining close relationships with traders and sales and escalating problems to them promptly where required
• By maintaining good working relationships with domestic agents and custodians.
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate
5. Contribute to process improvements and IT enhancements:
• By contributing to projects related to the efficiency of the processes and systems
• By proposing new developments or improvements to the existing process in order to secure the processes and reduce the operational risk
• By actively participating in UAT testing as and when the need arises
6. Contribute to team development:
• By formalising team procedures and operating guides
• By training and coaching new joiners
• By actively participating in management and department staff meetings
Skills and Experience:
• Strong knowledge of Securities & operational processes of securities
• Knowledge of Cash Management
• Strong knowledge of Bolivar system
• Strong knowledge of Microsoft software (Excel, VBA, Word, PPT, Outlook)
• Knowledge of practices of Lean & CI would be a plus
Competencies:
• Multi-cultural
• Analytical
• Risk aware
• Client oriented
• Rigorous attention to detail
• Result oriented
• Good communication skills
• Team spirit
• Must be fluent in English
Experience Required Minimum of 10 years experience Skills Referential Behavioural Skills : (Please select up to 4 skills) Ability to deliver / Results driven Ability to collaborate / TeamworkCommunication skills - oral & writtenCritical thinking Transversal Skills: (Please select up to 5 skills)Ability to understand, explain and support change Analytical Ability Ability to develop others & improve their skills Ability to develop and adapt a process Ability to manage / facilitate a meeting, seminar, committee, training Education Level: Bachelor Degree or equivalent Experience Level : At least 10 years Other/Specific Qualifications (if required) , * Education Level: Bachelor Degree or equivalent

Keyskills :
net present valuecredit riskretail bankingcost effectiveglobal deliverygroup processesasset managementoperational riskwealth management