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Analyst - Prime Brokerage Margin & Fund Settlements

Company: BNP Paribas
Location: Jersey City
Posted on: April 1, 2021

Job Description:

Analyst - Prime Brokerage Margin & Fund Settlements BNP--Paribas is aleading bank in Europe with an international reach. It has a presence in 74countries, with more than 192,000 employees, including more than 146,000 inEurope. The Group has key positions in its three main activities: DomesticMarkets and International Financial Services (whose retail-banking networks andfinancial services are covered by Retail Banking & Services) and Corporate& Institutional Banking, which serves two client franchises: corporateclients and institutional investors. The Group helps all its clients(individuals, community associations, entrepreneurs, SMEs, corporates andinstitutional clients) to realise their projects through solutions spanningfinancing, investment, savings and protection insurance. In Europe, the Grouphas four domestic markets (Belgium, France, Italy and Luxembourg) and BNPParibas Personal Finance is the leader in consumer lending. BNP--Paribas isrolling out its integrated retail-banking model in Mediterranean countries, inTurkey, in Eastern Europe and a large network in the western part of the UnitedStates. In its Corporate & Institutional Banking and International FinancialServices activities, BNP--Paribas also enjoys top positions in Europe, a strongpresence in the Americas as well as a solid and fast-growing business inAsia-Pacific. About BNP--ParibasCorporate and Institutional Banking Fully integrated in the BNP--Paribas Group, BNPParibas Corporate and Institutional Banking (CIB) is a leading provider ofsolutions to two client franchises: corporates and institutionals, and operatesacross EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas.The bank is a global leader in Debt Capital Markets and Derivatives. It is atop European house in Equity Capital Markets and it has leading franchises inSpecialized Financing. In Securities Services, it is a top five Houseworldwide. BNP--Paribas CIBstrives to service the global economy by providing solutions to its clients infinancing (ECM, DCM, specialized financing), flow banking (trade finance andcash management), financial advisory (M&A, project finance), global markets(interest rates, credit, foreign exchange, equity derivatives), riskmanagement, and securities services. BNPParibas has a presence in nearly 80 countries and five continents and proudly actsa leader in banking and financial industries, providing integrated bankingsolutions to meet clients' needs. As part of this activity, Global MarketsInformation Technology & Operations (ITO) services the business lines whichfall under Corporate & Institutional Banking (CIB). Global Markets NorthAmerican Trade Processing Operations is a sub-group of ITO. Global PrimeServices provides clients an impressive breadth and depth of services includingSecurities Lending, Synthetic Financing, Global Execution, and Investor CapitalServices through a #1 ranked Global Prime Broker platform. BNP--Paribas A+rating, coupled with its large balance sheet, offers clients a stable source offunding. Responsibilities: ThePrime Services Margin candidate will be responsible to work across the groupoperations and provide expertise in the following areas:

  • Monitoring of day-to-day activity within customer hedge fund and firm affiliate margin accounts to ensure compliance with regulatory rules relating to the extension of credit.
  • General understanding and ability to apply practical interpretation of Federal Reserve Regulation T and FINRA rule 4210 with respect to client margin accounts.
  • General knowledge of US Portfolio Margin risk based rule set, along with other 'risk based' hedge fund product such as, Arranged Finance, Enhanced Leverage, etc.
  • Understanding of Prime Broker business relative to financing and custody activity.
  • Ability to work business side Risk team in order to respond to day-to-day margin queries.
  • Managing referential data supporting margin calculations and client/position related exceptions.
  • Knowledge of tri-party lending business and associated custodian reconciliations.
  • Management of money market sweep products including daily settlement and reconciliations.
  • DVP/RVP fail management as regulated under Regulation T 220.8 and SEC rule 15c3-3(m). Daily Responsibilities: ThePrime Services Margin team's daily activities include: Review, validation,distribution and follow up to resolution of all regulatory and risk basedmargin calls for client and affiliate accounts. Review/approve customerasset movement requests (cash wires and securities). Resolve daily reconciliationbreak items effecting client positions and balances. Provide updates to businesspartners and bank custodians as effecting client margin calculations. Manually recalculate Reg TSMA and house margin and provide business partners feedback as appropriate tosupport asset movement requests. Assist with weekly 15c3-3customer reserve computation, Support daily money marketsweep settlements and client redemption/purchase trading. Support ACAT review ofincoming/outgoing clients to ensure firm risk guidelines are adhered to. Daily interaction withbusiness and risk managers to evaluate client requests and portfolio riskassociated with volatile markets. Validate and be accountablethat all tasks are completed according to departmental and regulatoryguidelines. Qualifications:
    • 1-3 years specific to the extension of margin credit
    • Bachelor's degree from accredited university
    • Understanding of financial markets and operations as it pertains to Prime Brokerage business
    • Knowledge of Federal Reserve Regulation T and FINRA rule 4210
    • Proficiency with Microsoft Office Suite
    • Critical thinking
    • High level of customer service and communication skills (written and oral)
    • Rigorous, good organizational skills and attention to detail
    • Reactive to Client Demands FINRA Registrations Required:--
      • Not Applicable BNP--Paribas iscommitted 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), maritalstatus, citizenship, ancestry, sexual orientation, gender identity and genderexpression, or any other legally protected status. Primary Location: US-NJ-Jersey City Job Type: Standard / Permanent Job: MISCELLANEOUS Education Level: Bachelor Degree or equivalent (> = 3 years) Experience Level: At least 1 year Schedule: Full-time Reference: GLO003966

Keywords: BNP Paribas, Jersey City , Analyst - Prime Brokerage Margin & Fund Settlements, Accounting, Auditing , Jersey City, New Jersey

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