Collateral Management Associate -
|Job Title:||Collateral Management Associate|
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Job Description: Collateral Management AssociateCompany: KennedyPearce Consulting
City based Investment Bank are looking to recruit a Collateral Management Associate to join their expanding operations department. As part of the collateral team managing all exposures resulting from OTC & Repo trading activity, the main purpose of this role will be to ensure counterparty credit risk is mitigated for all the bank's collateralised agreements in a controlled framework and any uncovered risk is escalated as per agreed processes and procedures to Senior Management and key stakeholders.
The role requires a working understanding of Derivatives & Repo products and knowledge of market regulation and the impact on day to day management of collateral exposures. All departmental reviews, objectives and training plans will originate from this role. Ultimately the purpose of this role is to ensure the bank isn't exposed to credit risk as a result of its activity, while at the same time ensuring we are acting within the Regulations that impact this role.
Main Responsibilities will include;Actively manage margin calls and ensure all margin movements are captured in internal 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 actionedEnsure all payments/ receipts are actioned within the agreed deadlinesEnsure all Triparty movement instructions have been released to our relevant custodians and matched where applicableAll disputes are reconciled and reported to relevant departments for remediation and actionCleared margin movements reflected in internal systems and reconciled on a daily basisMonitor any custodian systems to ensure security activity has matched for settlementFollow up on and escalate any cash margin and security failsEnsure all portfolios are reconciled and in line with counterpartiesAgree interest payments on cash positions with counterparts ensuring these are posted within internal accounting systems to ensure timely settlementEnsure 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 teamCross train on functions managed by the Agency Lending team to cover periods of sickness and holidayWork on projects and firm initiatives when required
To be considered for this position, ideal candidates will have the following experience/skills;Extensive exposure to daily functions around OTC & Repo collateralUnderstanding of SwapClear/Repo clear with LCHSolid understanding of OTC Derivative & Repo productsSound knowledge of regulatory framework affecting collateral i.e EMIR unclear margin rulesExperience with Triparty initial margin processDispute management, escalation & resolution experience. Knowledge of relevant stakeholders concerned with the dispute processDetailed knowledge of CSA & GMRA agreements System experience including TriResolve/TriMargin (Euclid), GLOSS
Work Day: Full Time
Employment type: Permanent Job
Minimal experience: No experience
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