Vice President, Collateral Manager

BNP Paribas•New York, NY

57d•$200,000 - $265,000•Hybrid

About The Position

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. 10% domestic and international travel required within the U.S., United Kingdom, and France. Telecommuting permitted 40%: work may be performed within normal commuting distance from the BNP Securities Corp. office in New York City in New York.

Requirements

Master's degree (US or Foreign Equivalent) in Engineering Finance or related field and seven (7) years of experience in the Investment Banking Industry.
Must have 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
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
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
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
Risk Management: Managing risk limits framework and ensuring efficient risk management processes to mitigate market volatility and protect trading portfolios.
Must have 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.

Responsibilities

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
Work closely with Sales and Product Teams to create tailored collateral solutions for our clients
Collaborate with multiple teams to enhance collateral optimization
Invest 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
Oversee CFTC 1.25 compliance, risk limits framework, and control direct booking for improved risk management, efficiency, and streamlined operations
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
Optimize daily cash management by sweeping funds to high-yielding locations, reducing excess buffers, and selecting optimal rates to fulfill cash obligations efficiently
Streamline our funding processes worldwide where possible
Work closely with GMAT/ALMT to provide the requested currency funding
Integrate collateral/margin reporting across our systems to enhance collateral tracking and risk management
Drive strategy and roadmap for margin, cash and collateral products
Simplify settlement bank and custodian setups to reduce costs
Develop custom collateral management solutions for DEC regions and entities to improve efficiency
Closely monitor interest, collateral and funding PnL
Conduct regular client profitability reviews
Oversee collateral PnL allocation and client reporting
Collaborate with Finance on PnL reconciliations, budgeting and reporting to ensure accuracy and transparency