Vice President-DEC US Operations

DEC US Operations is part of the US Derivatives Execution and Clearing Operations department, providing customer service, risk and funds management, trade processing and reconciliation, client onboarding, accounting, post-trade execution investigation, performance margining, exchange balancing, contract expiration processing (including physical delivery), fee maintenance, and regulatory review and rule implementation. The team manages communication across clients and multiple lines of business using exchange applications, banking tools, and internal operating systems to support the daily flow and record of commodity futures, options, and OTC trade execution. The primary focus is maintaining a controlled, compliant environment under strict regulatory rules while delivering superior client services.

Candidate Success Factors

• Results and Impact: Able to influence peers and team. Demonstrates good judgment in high-complexity, high-impact decisions. Exercises appropriate autonomy in execution and delivery. Drives outcomes with meaningful effect on the team or department.
• Leadership and Collaboration: Builds trust with colleagues. Acts in a leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: Builds relationships with colleagues and clients. Interacts regularly with management and department leaders. Demonstrates ability to influence stakeholders at the team level.
• Compliance Culture and Conduct: Takes full responsibility for personal actions. Demonstrates courage in facing problems and conflicts. Upholds corporate values and displays high ethical standards.

Responsibilities

• Manage margin teams in Jersey City and Bangalore, interacting with key clients daily to ensure cash and/or non-cash collateral is received to cover requirements.
• Daily production and distribution of aged margin call reporting for the Cleared Swap business.
• Monitor intraday client deficits and movement of margin between regulatory origins (e.g., “realignments”) to ensure compliance with regulations and minimize aged margin calls, capital charges, and client impact.
• Ensure all obligations to clearing organizations (CCPs) are met on a timely basis.
• Work with internal margin teams to meet cross-margin requirements.
• Document procedural updates to fulfill regulatory obligations.
• Collaborate with the Change and Design team to document strategic specifications for automating regulatory solutions.
• Work closely with IT to ensure understanding of regulatory obligations and desired functionalities; participate in user acceptance testing, including documentation of test scripts, use cases, and results.
• Direct communication and interaction with clients and business partners.
• Handle client margin and interest calculations, account balancing, cash management, and non-cash collateral custody account settlements.
• Perform securities inventory balancing and nostro break reconciliation investigations.
• Conduct daily regulatory review and oversight, manage regulatory and audit inquiries, and implement and monitor operational controls.

Requirements

• Bachelor’s degree.
• At least 5 years of experience in the margining of exchange-listed products.
• Knowledge of exchange-listed products, derivatives, capital markets trading, operations, execution, or trade processing.
• Extensive knowledge of regulatory requirements for futures margining, with prior experience dealing with internal and external audit teams.
• Experience interacting with clients and various lines of business.
• Experience reconciling separate data points and sources.
• Proficiency in Microsoft Excel (Vlookup, Pivot tables, formulas, etc.).

Preferred Qualifications

• Technical specifications knowledge across multiple systems and web interfaces.
• Microsoft Excel macro knowledge.
• Understanding of collateral transfers.
• Knowledge of CCP margin calculations.
• Knowledge of CFTC regulations.

Pay

The expected starting salary range for this position is between $125,000 to $155,000 annually. The actual salary may vary based on relevant skills, experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

Benefits

• Medical, dental, and vision coverage.
• 401(k) Savings Plan.
• Backup childcare.
• Life, accident, and disability insurance.
• Mental health support.
• Paid time off.
• Eligibility for a discretionary bonus.

About the Company

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA, and APAC, employing nearly 190,000 people in 65 countries. In the US, the bank employs over 3,500 people across 10 states, including New York, Jersey City, Chesterbrook (PA), San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas supports its client base through Corporate & Institutional Banking activities, offering a full value chain from trading to financing, clearing, and custody in the US with an international footprint. The company is committed to sustainability, diversity, equity, and inclusion, fostering an environment where employees feel empowered to drive change and grow through robust training, development, and mentoring opportunities.