Derivatives Collateral Team Leader
Department Overview
The EMEA Collateral Department is an exciting and growth area of derivatives. The Collateral desk is presented with new challenges everyday from existing and potential new clients.
The Collateral Department support IOO and Custody clients and manage a high volume of collateral calls on a daily basis.
The Collateral Department thrive upon new challenges and partners work closely together supporting and cross training each other to be able to handle the demands of the clients.
Role Responsibilities
- This is a varied Collateral Operations Team Leader role focussed on Repo collateral products and clearing margin for CCP. You will also provide to support to partners handling OTC bilateral Collateral for mutual clients, as well as bespoke collateral services for outsourcing clients
- Review ISDA CSA/ GMRA documentation and interpretation into the collateral system (Colline) and discuss operational support with clients
- The successful candidate will ensure complete and comprehensive management of collateral services for a wide range of outsourcing clients.
- Leading and managing partners in a small team of 6-8 Collateral Analysts and Senior Analysts to drive performance and efficiency
- Conducting all aspects of the performance review process for direct reports
- Managing and monitoring the progress of other partners work, and providing final review and approvals
- Ensuring controls on collateral management process are monitored and exceptions resolved in a timely manner
- Make sure controls are effective and audits are passed with strong ratings
- When necessary be flexible and willing to make adjustments to hours of working to ensure tasks are processed on a timely basis
- Working together with other parts of the business to provide excellent client service
- Assist with client on-boarding and transition activity
- Compiling metrics and reporting for use by senior management and clients and attending client service meetings
- Contribute to change management process as needed, including business justifications for developments and ensuring changes are fit for purpose
Knowledge/ Skills
- Exceptional attention to detail is essential
- Relevant experience in a Collateral or Derivative operations role is essential
- Understanding of ISDA Credit Support Annex and GMRA documentation and industry best practises
- Awareness of industry development and changes including Dodd Frank and EMIR
- Good Excel/Word/Powerpoint skills
- Working knowledge of Colline of some benefit
- Excellent communication and presentation skills
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 billion. For more than 122 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology.
We seek qualified people for a wide range of challenging positions and who are interested in building a career with a global growth company, excel in a team oriented environment, yet respect others and have strong values and principles. Northern Trust is an Equal Opportunity Employer and is committed to building a diverse workforce. We ensure our policies guide our behaviors to create and maintain a discrimination-free workplace. We support total diversity: gender, age, race, religion, sexual orientation, gender identity, ethnicity, physical disabilities, and marital/family status, among others.
Follow us. Join the Conversation.
www.facebook.com/ntcareers | www.twitter.com/ntcareers | www.linkedin.com/company/northern-trust/careers
Leave a Reply
You must be logged in to post a comment.