Associate - Exchanged Traded Derivatives

Business Line / Function: Derivative Execution & Clearing

Position Purpose

The successful candidate will join the Derivative Execution & Clearing (DEC) team and work closely with the DEC Market Fees Reconciliation and Brokerage unit. The role focuses on clearing and allocating exchangetraded derivatives on behalf of clients and ensuring that all daytrade activities are cleared and reconciled with the clearing house by the end of the business day.

Key responsibilities include:

• Validating BNPP SAs external client fees and processing any required corrections or amendments in line with established procedures.
• Managing large volumes of trade data using Excel to summaries, drill down and independently investigate discrepancies.
• Collaborating with team members to achieve common goals, generating creative solutions, planning work ahead, and prioritizing tasks in an organized manner.
• Supporting a range of financial and nonfinancial activities that protect the companys revenue, including processing incoming payments and issuing the necessary documentation.

Responsibilities:

Direct Responsibilities

• Direct communication and interaction with clients and business partners.
• Calculation of margin and interest for clientexchange traded derivatives (ETD) including initial margin (IM), variation margin (VM) and realignment of origin.
• Account balancing and cashmanagement activities.
• Wiretransfer processing reviewing client accounts for deficits or excesses.
• Settlement of noncash collateral custody accounts.
• Securitiesinventory balancing.
• Nostrobreak reconciliation and investigation.
• Daily regulatory review and oversight.
• Interpretation of SWIFT messages.
• KPI reporting and trend analysis.
• Management of regulatory and audit inquiries.
• Implementation and monitoring of operational controls.
• Dataentry tasks.
• Contributing Responsibilities
• Deliver results that impact the division and influence peers.
• Exercise sound judgement on complex decisions with limited guidance.
• Drive outcomes that have a meaningful effect on the team or department.
• Build trust with department leaders and act in a leadership capacity on large projects, processes or programs.
• Build relationships with intermediate and senior colleagues or clients; interact regularly with management.
• Persuade and influence stakeholders at the team level.
• Uphold a strong compliance culture and conduct standards.

Education, Qualifications & Skills Required

• Bachelors degree with minimum 2 year of experience in margining of exchangelisted clearing.
• Knowledge of exchangelisted products, derivatives, capitalmarkets trading, operations, execution or trade processing.
• Experience wiring funds via SWIFT messaging.
• Experience interacting with clients and various lines of business.
• Proven ability to reconcile disparate data sources.
• Advanced Microsoft Excel skills (VLOOKUP, pivot tables, formulas, etc.).
• Understanding of collateral transfers.
• Knowledge of CCP margin calculations.
• Awareness of CFTC regulations.

Behavioral Skills

• Decisionmaking,
• Collaboration
• Teamwork
• Attention to detail
• Sense of urgency