Collateral Margin Manager recruitment

The Collateral group plays a front line role in managing the credit risk exposure of the bank, supporting the OTC Derivative and Repo business within the EMEA region. Products covered include Debt, Credit and Equity Derivatives, FX and Commodities.

The teams’ daily functions include issuing daily margin call, responding to received margin calls, reporting provisions, booking margin flows, cash and securities, funding, interest analysis, inter-company collateral bookings, cash and stock reconciliations, dispute reconciliation and project initiatives.

Significant industry and regulatory focus in the area has encouraged adoption of “Best Practices” and standardised dispute resolution, in addition to the daily margining requirements the optimisation of the collateral posted and received has senior business level attention, and is an area of focus for the group.

The team works very closely with the Front office, Middle Office, Finance, Technology and Operations as well as other teams in support areas such as Legal and Credit.

We are looking to recruit an individual who ideally has previously worked in a Collateral / Operations role and has an understanding of the end to end operational flows for an OTC derivative and the Fixed income product or Repo.

Reporting to the Margin Manager, the candidate will have regular interaction with external customers, the Front Office, Management and Project Managers tasked with managing the Collateral system transition.

Key responsibilities are

• Managing incoming and outgoing margin calls

• Dispute resolution and escalation

• Reconciliation of cash positions

• Key Control Standards maintained

• Counterparty exposure mitigation

• Process efficiency identification

• Client relationship development and maintenance

• Maintaining cash and security management controls

Experience in a Collateral Margin Management