Assistant Vice President - Prime Brokerage Margin & Fund Set

Company: Jobleads
Location: Jersey City
Posted on: May 3, 2021

Job Description:

Assistant Vice President - Prime Brokerage Margin & Fund Settlements About BNPParibas:BNPParibas 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. BNPParibas 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 InternationalFinancial Services activities, BNPParibas also enjoys top positions in Europe,a strong presence in the Americas as well as a solid and fast-growing businessin Asia-Pacific.About BNPParibasCorporate 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. Business Overview:BNPParibas has a presence in nearly 80 countries and five continents and proudlyacts a 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. BNPParibas 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.In depth knowledge and ability to apply practical interpretation of Federal Reserve Regulation T and FINRA rule 4210. Thorough understanding of US Portfolio Margin risk based rule set along with other "risk based' hedge fund product such as, Arranged Finance, Enhanced Leverage, etc.Excellent understanding of Prime Broker business related to funding needs, re-hypothecation and Securities lending.Experience in working with Legal, Compliance and Risk in order to discuss firm margin policies.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.Management of customer account transfers (ACAT).Experience with client 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 tobusiness partners 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:8 - 10 Years specific to the extension of margin creditBachelor's degree from accredited university Thorough knowledge of financial markets and operations as it pertains to Prime Brokerage businessIn-depth knowledge of Federal Reserve Regulation T and FINRA rule 4210 Proficiency with Microsoft Office Suite Critical thinkingHigh level of customer service and communication skills (written and oral)Rigorous, good organizational skills and attention to detail Reactive to Client DemandsFINRA Registrations Required:Not Applicable BNPParibas 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) Experience Level: At least 7 years Schedule: Full-time Reference: GLO003962

Keywords: Jobleads, Jersey City , Assistant Vice President - Prime Brokerage Margin & Fund Set, Other , Jersey City, New Jersey