Collateral Analyst
Collateral Management Administrator Purpose
- This is a newly created role within an establish AM who are looking to bring on a collateral function, the role with span across standard daily collateral functions along with large system, regulatory and functional projects.
- Manage collateral management initiative to create, own and maintain relationships with bilateral OTC counterparties, OTC Clearing Brokers, Clearing Houses and multiple client custodians for collateral management, reconciliation support
- Extended role on portfolio administration/reconciliation
- Adheres to FSA Code of Practice and Statements:
- Complies with regulatory guidelines and rules
- Identifies and reports errors to Compliance
- Maintains a high degree of professional competency and awareness
Key outputs
- Deployment into the project working party to secure the effective establishment of the collateral management department
- Establish workflows to ensure efficient processing of all collateral calls
- Establish collateral cash and stock reconciliations with clearing brokers / bilateral counterparties / clearing houses
- Fund Manager support for all funds with collateral obligations. Understand portfolio construction and propose effective collateral solutions including consideration of cost and risk
- Counterparty Risk/Exposure reporting
- Liaison with Legal department for monitoring of new/amendment of existing agreements for capture within the collateral unit
- Collateral impact review - analyse "cost" of collateral for underlying fund on an ongoing basis
- Collateral optimisation practices
- Ongoing Maintenance and development of collateral management application
- Ad-hoc requests from marketing, performance, risk and other internal parties
Relationships
- Establish effective working relationships with brokers, custodians, investment managers and administrators
Skills/knowledge:
- Good IT skills
- Knowledge of equities and fixed income derivative products
- Understanding of settlements processes
Experience:
- Experience of managing collateral management units essential
- Experience of collateral raising techniques (Repo, Bond Loan, upgrading, transformation)
- Experience of Algo Collateral application (or similar), SimCorp Dimension accounting system (or similar),
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