You are visiting this website from:
View All Jobs

Collateral Management

Job Seekers United Kingdom Financial Services Operations

Job Summary

  • City of London
  • Permanent
  • BBBH798085
  • Nov 03, 2021
  • Competitive
Job Description

An Investment Bank is looking to hire a Collateral Management Analyst/Associate on a permanent basis. This will be initially based in their London office 1 day a week with the remaining 4 days remote

Key Responsibilities

  • Actively manage margin calls and ensure all margin movements are captured in systems once agreed. This includes both cash and securities.
  • Ensure data has fed from in house systems to external vendors and controls utilised /exception management remediation is actioned
  • Ensure all payments/ receipts are actioned within the agreed deadlines
  • Ensure all Triparty movement instructions have been released to our relevant custodians and matched where applicable
  • All disputes are reconciled and reported to relevant departments for remediation and action
  • Cleared margin movements reflected in internal systems and reconciled on a daily basis
  • Monitor any custodian systems to ensure security activity has matched for settlement
  • Follow up on and escalate any cash margin and security fails
  • Ensure all portfolios are reconciled and in line with counterparties
  • Agree interest payments on cash positions with counterparts ensuring these are posted within internal accounting systems to ensure timely settlement
  • Ensure all daily and monthly controls are performed within agreed deadlines.
  • Work with technology to improve inefficient processes and the team control environment
  • Cross train on all functions managed by the Collateral Management team
  • Cross train on functions managed by the Agency Lending team to cover periods of sickness and holiday
  • Work on projects and firm initiatives when required

Skills/Experience Profile

  • Experience within Operations and detailed knowledge of operational functions
  • Solid understanding of OTC Derivative, Repo or SBL
  • Sound knowledge of regulatory framework affecting collateral i.e EMIR unclear margin rules
  • Experience with Triparty initial margin process
  • Dispute management, escalation & resolution experience.
  • Experience with Triparty initial margin process
  • Dispute management, escalation & resolution experience. Knowledge of relevant stakeholders concerned with the dispute process
  • Detailed knowledge of CSA & GMRA agreements
  • Regulatory reporting requirements for collateral balances & trade valuations
  • Understanding of SwapClear/Repo clear with LCH

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

broadbean-tracking

Consultant Details

Consultant Details

Ryan Kuhn
Ryan Kuhn
  • Senior Consultant | Financial Services Recruitment
  • +44 (0)20 7092 0219
  • rkuhn@morganmckinley.com