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BNP Paribas · 1 day ago

Vice President, Collateral Manager

New York, NY

Full-time

Hybrid

Mid, Senior Level

$200K/yr - $265K/yr

7+ years exp

BNP Paribas is a leading global bank, and they are seeking a Vice President, Collateral Manager. This role involves establishing guidelines for collateral management, enhancing collateral optimization, and creating tailored solutions for clients while overseeing compliance and risk management.

BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management

Responsibilities

Clients Pricing: Establish the guidelines for the collateral management in DEC including recommended conditions on fees and interest rates, maintain and update our acceptable collateral policy and haircut schedules, and work closely with Sales and Product Teams to create tailored collateral solutions for our clients

Collateral Transformation: Collaborate with multiple teams to enhance collateral optimization, investing customer cash in authorized assets like Money Market Funds, Repo-Reverse Repo, and government Bonds, and managing FX positions with FX Swaps and Spot transactions. Drive investments decisions based on client needs and collateral flows, building tailored solutions. We are also toward a harmonization of the DEC collateral management across regions. Additionally, oversee CFTC 1.25 compliance, risk limits framework, and control direct booking for improved risk management, efficiency, and streamlined operations. This transformation enables independent collateral management, faster actions, and reduced reliance on external parties

Collateral Optimization: Create tailored solutions for clients to meet their financing needs, including single currency margining, bond boxing, collateral accommodation, margin financing, and waivers. Strategically allocate assets across the U.S., EMEA, and APAC regions to minimize costs and maximize efficiency, leveraging both client assets and our own inventory. Additionally, optimize daily cash management by sweeping funds to high-yielding locations, reducing excess buffers, and selecting optimal rates to fulfill cash obligations efficiently

Funding Controls: Streamline our funding processes worldwide where possible, work closely with GMAT/ALMT to provide the requested currency funding, and integrate collateral/margin reporting across our systems to enhance collateral tracking and risk management

Platform Enhancements: Drive strategy and roadmap for margin, cash and collateral products, simplify settlement bank and custodian setups to reduce costs, and develop custom collateral management solutions for DEC regions and entities to improve efficiency

PnL Supervision: Closely monitor interest, collateral and funding PnL, conduct regular client profitability reviews, and oversee collateral PnL allocation and client reporting. Collaborate with Finance on PnL reconciliations, budgeting and reporting to ensure accuracy and transparency

Qualification

Collateral ManagementFinancial AnalysisRisk ManagementInvestment Decision-MakingPlatformProcess EnhancementStrategic PlanningOptimization

Required

Master's degree (US or Foreign Equivalent) in Engineering Finance or related field

seven (7) years of experience in the Investment Banking Industry

seven (7) years of experience with Platform and Process Enhancement: Driving strategy and roadmap for margin, cash, and collateral products, simplifying settlement bank and custodian setups, and developing custom collateral management solutions to improve trading efficiency and reduce operational risks

seven (7) years of experience with Strategic Planning and Optimization: Creating tailored financing solutions for clients, strategically allocating assets across regions, and optimizing daily cash management to support trading strategies and enhance market positions

seven (7) years of experience with Investment Decision-Making: Driving investment decisions based on client needs and collateral flows, including trading in Money Market Funds, Repo-Reverse Repo, and government Bonds to maximize returns and manage liquidity

seven (7) years of experience with Financial Analysis: Conducting client profitability reviews, monitoring PnL (Profit and Loss) for trading activities, and collaborating with the Finance department for PnL reconciliations and reporting to ensure accurate trading performance metrics

seven (7) years of experience with Risk Management: Managing risk limits framework and ensuring efficient risk management processes to mitigate market volatility and protect trading portfolios

one (1) year of experience with Collateral Management: Establishing guidelines for collateral management, maintaining and updating policies, and creating tailored collateral solutions for clients to optimize trading positions and reduce counterparty risk