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Assistant Vice President - Derivative Execution and Clearing Ops

Company: BNP Paribas S.A.
Location: Jersey City
Posted on: January 22, 2023

Job Description:

Job Description - Assistant Vice President - Derivative Execution and Clearing Ops (COR002737) Assistant Vice President - Derivative Execution and Clearing Ops ( Job Number: COR002737 ) Business Overview: Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporate and institutional, and operates across 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 a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services. 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 *Physical presence in BNPP's office(s) is an essential function of this position. -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. This role will be hybrid, consisting of an in office and remote working component. The expected starting salary range for this position in New Jersey is between $92,000 to $110,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location. Candidate Success Factors: Candidates to 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 team
    • Demonstrates good judgement when making decisions of high complexity and impact
    • Relies on limited guidance for most complex decision making
    • Is responsible for driving outcomes which have meaningful effect on team or department
    • Leadership and Collaboration
      • Creates trust with department leaders
      • Acts in leadership capacity for large projects, processes, or programs for a team
      • Client, Customer and Stakeholder Focus
        • Able to build relationships with a mix of intermediate and senior colleagues or clients
        • Interacts regularly with management and department leaders
        • Demonstrates the ability to persuade and influence stakeholders at the team level
        • Compliance Culture and Conduct
          • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
          • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards" Responsibilities:
            • Directly interacting with the global client base to manage their margin, cash, and collateral settlements and inquiries
            • Managing Daily Client Margin Activities for an US FCM
            • Working knowledge of FCM operations involvement in the life cycle of execution and clearing activities that result in the calculation of margin requirements
            • Clearly communicates in a group setting, providing a different point of view in a professional manner
            • Consistently delivering exceptional client service to internal and external clients Minimum Required Qualifications:
              • Bachelor degree in business and or finance related focus
              • 5 years of experience in listed derivative products, capital markets trading, FCM operations, and cash/collateral management -
              • 5 years of experience managing staff and overseeing processes
              • knowledge of CFTC and CCP regulations specific to customer protection rules
              • Experience in wiring funds via SWIFT messaging and securities settlement processing
              • Experience interacting with clients and various lines of business
              • Experience reconciling separate data points and sources Preferred Qualifications:
                • Knowledge of the CFTC regulations, NFA, and CCP rulebooks for FCM clearing operations of settling margin, collateral, and customer protection regulations
                • Raises issues to the appropriate contacts in a timely manner to ensure all are aware of potential risk while taking ownership of the issue and sees through to resolution
                • Account balancing of various depositories requiring in depth investigation to resolve related breaks and inquiries -- For Controls FINRA Registrations Required: -
                  • Not Applicable CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
                    • Not Applicable SEC Security-Based Swap Dealer Associated Person:
                      • Not Applicable About BNP Paribas: In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We 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. As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors. The bank employs nearly 14,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC. BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in65 countries, with nearly 190,000 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, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable 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 City Job Type : Standard / Permanent Job : MISCELLANEOUS Education Level : Bachelor Degree or equivalent (> = 3 years)

Keywords: BNP Paribas S.A., Jersey City , Assistant Vice President - Derivative Execution and Clearing Ops, Executive , Jersey City, New Jersey

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