Vice President – Margin Operations

Vista previa de la oferta

Vice President – Margin Operations

senior · Risk & Compliance

Business Overview:

The Vice President of Margin is responsible for managing and optimizing the margin framework for Prime Brokerage clients (Hedge Funds, Asset Managers, etc.). This role sits at the intersection of Credit Risk, Trading, and Operations, ensuring that the firm maintains appropriate collateral levels to mitigate counterparty credit risk while remaining competitive in the marketplace.

Key Responsibilities

1.  Margin Policy & Risk Management

• Oversee the development, implementation, and maintenance of margin methodologies (e.g., Reg T, Portfolio Margin, and House Margin) for various asset classes (Equities, Fixed Income, Derivatives, FX).
• Monitor real-time margin breaches and collaborate with Risk Management to address significant exposure or liquidity issues.
• Assess the impact of market volatility on client collateral and adjust margin requirements to protect the firm’s capital.

2.  Product Development & Strategy

• Collaborate with Sales and Trading desks to design bespoke margin solutions for sophisticated institutional clients.
• Drive the automation of margin calculations and reporting to improve efficiency and reduce operational error.
• Analyze competitor margin offerings to ensure the firm’s pricing and collateral requirements remain market-competitive.

3.  Client Relationship & Stakeholder Management

• Act as a senior point of contact for high-value clients regarding margin queries, disputes, or complex collateral structuring.
• Liaise with Credit Risk, Legal, and Compliance departments to ensure all margin practices align with internal risk appetite and global regulatory requirements.

4. Regulatory Compliance & Oversight

• Ensure all margin activities comply with SEC, FINRA, and other relevant regulatory frameworks.
• Assist in the preparation of regulatory reports and respond to internal/external audits regarding margin adequacy.

5.  Team Leadership

• Supervise and mentor a team of Associates and Analysts.
• Manage workflow distribution and conduct performance reviews to foster professional growth within the department

Required Qualifications & Skills

Experience:

• 10+ years of experience in Prime Brokerage, Equity Risk, Margin Operations, or a related capital markets function.
• Proven track record of managing complex risk profiles in a fast-paced, high-pressure environment.

Technical Skills:

• Deep understanding of margin mechanics (Reg T, Portfolio Margin/TIMS, haircut methodologies).
• Proficiency in financial modeling and quantitative analysis.
• Advanced Excel skills; experience with SQL, Python, or VBA is highly advantageous for data-driven decision-making.
• Familiarity with Bloomberg, Reuters, or internal risk management systems.

Soft Skills:

• Decision-Making: Ability to make rapid, high-stakes decisions during periods of market stress.
• Communication: Capability to explain complex technical/risk concepts to both technical teams and non-technical clients.
• Attention to Detail: Precision in managing large datasets and regulatory requirements.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

FINRA Registrations Required:

• Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Not Applicable 

The expected starting salary range for this position is between $125,000 to $165,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/