Collateral Management Officer
Collateral Management Officer
Based in Canary Wharf , this is a great opportunity to join a dynamic international Bank in a role with plenty of potential
The role is to support the Collateral Management Team (London) in the daily management of the Banks Collateral obligations.
Responsibilities
Ensure all margining procedures locally are executed within Global policy and exceptions and issues resolved.
Ensure all agreements are executed within policy framework and exception re identified
Ensure tasks are carried out within policies and procedures avoiding costs due to delays, compensation claims, operational losses i.e. minimize operational loss.
Build relationship with all process partners impacted and involved in the collateral process.
Develop and maintain relationships externally with parties involved in the industry
Product Knowledge
Knowledge of Derivative Markets products.
Knowledge of the products and services provided by own area of the Bank.
A basic knowledge of OTC Markets most widely used products and services. Understanding of current regulatory changes for OTC Reform i.e. Dodd Frank, EMIR.
Resolves Problems
Familiar with market documentation ISDA/CSA/GMRA. Able to interpret the information contained within.
Extremely organised, being able to cope with the different time zones, to be flexible in their working day.
Knowledge of cash security payments (SWIFT) and the settlement cycle involved across the various settlement platforms (JPM GTAC, Clearstream, CREST etc).
·Knowledge and understanding of Collateral Management, the importance of the function and its life cycle.
Importance of credit and limits, to have an understanding of the consequences if key tasks are not completed.
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