Job description
WHAT WILL BE YOUR DAY-TO-DAY? The Collateral Management Specialist helps to mitigate credit and regulatory risk to the firm by monitoring exposure levels versus collateral balances. This activity crosses several asset classes, including equities, rates, FX, credit, commodity, fixed income, structured and financing products. Day to day responsibilities include:
Margin Call processing: • Instruct margin calls, interest calculation, payment/receive orders as per Collateral Documentation. • Book collateral movements as agreed with each counterparty. • Interact with worldwide SG departments such as FO/MO/BO, Risk, Legal, Compliance and Audit. • Take the required action when a counterparty defaults. • Select the best collateral based on the contract terms, the collateral optimization process, and the defined strategies. • Raise alert in the event of unusual client activity. • Attend client meetings to represent the collateral activity. • Monitor KPIs.
Disputes management: • Manage the dispute resolution process. • Reconcile, investigate, and follow up on any trade/MTM discrepancies with clients. • Coordinate the dispute resolution either internally or liaising with the client ensuring a remediation plan is in place. • Ensure requests are addressed in a timely manner.
Process Improvements: • Write Procedures (operating modes). • Relay to the team any issues found daily to identify and implement process improvements. • Champion initiatives for improved client service, process efficiency, control, cost savings, etc.
Perimeter: • Assist and/or train collateral analysts. • Work in a worldwide organization.