Collateral Analyst

COLLATERAL ANALYST (JOB NUMBER: OPS-070821-EML-004)

At BNP Paribas Canada, it is our employees which make the difference... Our 75 nationalities are part of our diversity!

Do you like challenges, a structured framework, the prospect of optimizing and innovating? You are known for your originality and want a certain freedom to think while sharing your knowledge and ideas?

... Come help us contribute to the growth of our Canadian platform!

You will benefit amongst other things from:

• Access to social volunteer and recreational programs, via our many Employee Resource Groups (ERGs)
• Opportunities for career development through active internal mobility and our innovative training program: Canada Academy
• A brand new workspace, flexible, comfortable and easily adaptable to your needs: remote work opportunities, standing desks, innovation lab., open meeting rooms and spaces

Business Overview:

At a high level, Collateral Management is the function responsible for reducing credit risk in unsecured financial transactions. The goal is to mitigate counterparty risk by issuing margin calls that are at least equivalent to the replacement cost incurred if the client defaults. Margin calls are met with the transfer of liquid assets including cash and securities. Today’s rapidly changing regulatory environment has brought upon an ongoing need to adapt existing processes to meet evolving requirements.

Responsibilities:

• Minimize the bank’s risk by making required margin calls in accordance with signed agreements or long form confirms and internal credit/audit guidelines.
• Maintain a working understanding of ISDA/CSA collateral agreements
• Verify that all manual adjustments are captured prior to margin call processing
• Ensure that all margin calls are issued and responded to meeting agreement deadlines
• Research, reconcile and resolve margin call disputes with counterparties
• Notify the Risk IM team on outstanding margin call disputes
• Work closely with Front, Middle and Back offices
• Confirm and process collateral movements in a timely manner
• Investigate control reporting breaks
• Process and reconcile monthly collateral interest
• Accurately prepare daily reports for review by Senior Management
• Escalate unresolved issues to management

Qualifications:

• Bilingual English / French
• Four year college degree preferred.
• Previous Collateral Management experience a plus.
• Candidates should have working knowledge of OTC Derivative and/or Repo markets.
• Collateral agreement (ISDA/CSA/Repo) knowledge a plus.
• Algo, BONY GSCX, Acadiasoft and TriOptima system experience a plus.
• Strong analytical and working knowledge of Microsoft Office. Ability to build Excel based solutions to improve efficiencies / controls.
• Necessary characteristics include:
  • track record of mitigating operational risk
  • attention to detail, high degree of accuracy
  • customer service etiquette
  • strong communication skills (oral & written)
  • sense of initiative,
  • ability to work under pressure in a fast paced environment. .
  
  

About BNP Paribas

With more than 200,000 employees in 72 countries, the Group serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large companies. BNP Paribas is a leading bank in the euro zone and a leading international banking player.

Did you know? In 2019, BNP Paribas named World’s Best Bank for Corporate Responsibility 2019

About BNP Paribas in Canada

With more than 900 employees, BNP Paribas Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

A recruitment policy that promotes equality and diversity:

BNP Paribas is an equal opportunity employer. BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, color, national origin, sex, disability, age, and other protected status (Employment Equity Act).

Part of BNP Paribas dedication to diversity, multiculturalism and inclusion is clearly reflected on how we believe and live diversity and inclusion all together. As such, one of BNP Paribas’ initiatives is hosting Employee Resource Groups (ERGs) which are focused on equality of gender, sexual orientation and learning from other cultures.

We can assist with access to job offers for people with disabilities who may be unable to use our career site - please contact us by email canada_recrutement@ca.bnpparibas.com or by phone on 514-285-6000

Want to know more about the BNP Paribas Group?

https://group.bnpparibas/en/group

** Only selected applications that meet the requirements of the role will be contacted **

Primary Location

: CA-QC-Montréal

Job Type

: Standard / Permanent

Job

: OPERATION PROCESSING

Education Level: Bachelor Degree or equivalent (>= 3 years)

Experience Level: At least 1 year

Schedule

: Full-time