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Assistant Vice President - Margin Operations

Company: BNP Paribas
Location: Jersey City
Posted on: January 15, 2022

Job Description:

BNP -Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 68 countries, with more than 193,000 employees. - The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP -Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP -Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.In the United States, BNP -Paribas has built a strong and diversified presence to support its client base. The bank employs nearly 14,000 people and has had a presence in the country since the late 1800s in major cities including New York/New Jersey, San Francisco, Boston, Chicago, Denver and Washington, DC. - - Business Overview:DEC US Operations team is part of the US Derivatives Execution and Clearing Operations department who collectively provides customer service, risk and funds management, trade processing and reconciliation, client on-boarding, accounting, post trade execution investigation, performance margining, exchange balancing, contract expiration processing including physical delivery, fee maintenance, and regulatory review and rule implementation. These clearing and operational functions require the team to manage communication across clients and multiple lines of business accessing several exchange applications, banking tools, and internal operating systems to support the flow and record of commodity futures, options, and OTC trade execution on a daily basis. Our primary focus is to perform our responsibilities under a controlled environment that is compliant with strict regulatory rules and guidelines while providing superior client services and solutions. Candidate Success Factors:Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:Results and Impact

Impacts division and influences peers and teamDemonstrates good judgement when making decisions of high complexity and impactRelies on limited guidance for most complex decision makingIs responsible for driving outcomes which have meaningful effect on team or departmentLeadership and Collaboration
Creates trust with department leadersActs in leadership capacity for large projects, processes, or programs for a teamClient, Customer and Stakeholder Focus
Able to build relationships with a mix of intermediate and senior colleagues or clientsInteracts regularly with management and department leadersDemonstrates the ability to persuade and influence stakeholders at the team levelCompliance Culture and Conduct
Takes full responsibility for personal actions and demonstrates courage in facing problems and conflictsPerceived as a person of high moral character; upholds corporate values and displays high ethical standards"Responsibilities:Direct communication and interaction with clients and business partnersAccount balancing Cash management Wire transfer processingNon-cash collateral custody account settlementsSecurities inventory balancing Nostro break reconciliation investigation Client margin and interest calculationsDaily regulatory review and oversight SWIFT message interpretationKPI Reporting and trend analysisRegulatory and audit inquiry management Operational control implementation and monitoringData entry -Minimum Required QualificationsBachelor degree -Knowledge of exchange listed products, derivatives, capital markets trading, operations, execution, or trade processing Experience in wiring funds via SWIFT messagingExperience interacting with clients and various lines of business Experience reconciling separate data points and sourcesMicrosoft Excel (Vlookup, Pivot tables, formals, etc.) Preferred Qualifications:Some technical specifications knowledge across multiple systems and web interfaces Microsoft Excel macro knowledge Understanding of collateral transfers Knowledge of CCP margin calculationsKnowledge of CFTC regulations FINRA Registrations Required:N/ACFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): NoSEC Security-Based Swap Dealer Associated Person:No

About Us:We continue to grow and strengthen our commitment to the US market. BNP -Paribas' Corporate & Institutional Banking (CIB) platform and Asset Management platform, along with our retail presence through, Bank of the West, provide services to:Help businesses raise capital in the US and globally by leveraging an international network spanning 68 countriesOffer consistent client service and innovative approaches for investment, hedging and financing opportunities across asset classes and geographies, as well as research and market intelligence to help our clients make strategic decisionsSupport local communities by funding projects to improve technology, infrastructure, clean energy, and agricultureHelp women entrepreneurs, start-up organizations, individuals and families reach their goals through savings, community lending, and wealth managementSupport our clients transition to a lower carbon economy and an increasingly sustainable business model through forward-looking financing and investing solutionsWe 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.BNP -Paribas' Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services. - - BNP -Paribas Asset Management is the asset management arm of BNP -Paribas and offers high value-added solutions to individual savers, companies, and institutional investors.Bank of the West, our largest affiliate in the US, offers retail banking, wealth, corporate and commercial banking in over 500 branches and offices across the U.S. - We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.BNPP requires all of our employees to be vaccinated in order to access its offices, subject to reasonable accommodations for reasons related to disability or religion. Some weekly physical presence in BNPP's office(s) is an essential function of this position.BNP -Paribas. The Bank for a Changing World. 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.Primary Location: US-NJ-Jersey CityJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (> = 3 years)Experience Level: At least 3 yearsSchedule: Full-timeReference: COR002113

Keywords: BNP Paribas, Jersey City , Assistant Vice President - Margin Operations, Accounting, Auditing , Jersey City, New Jersey

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