Margin Manager recruitment

Manage the Collateral Management team of 40-50 staff
Responsibilities Include:

• Manage a large team, covering OTC derivative margining, new business, asset and disputes management.
• Build and maintain strong working relationships with Sales, Credit, Legal, and other operations areas, as well as with external clients
• Handle escalated client issues and disputes
• Facilitate management of staffing and headcount issues, manage relationships with external staffing vendors, interview and hire new staff, etc.
• Participate in discussion and approval of the collateral monitoring of new products within CM
• Hold periodic team meetings, staff meetings and training sessions to communicate changes and initiatives to staff
• Consistently seek opportunities to improve processes, controls and procedures within the Margin Management team
• Partner with the project team to develop requirements for system enhancements and assist with user acceptance testing
• Manage interest team, supporting monthly interest statement process, interest receivable collection, as well as ad hoc interest issues throughout the month
• Work closely with IT to ensure that all system issues are escalated and resolved quickly, and that systems are utilized by the team to optimal efficiency

Margin Call Management
Responsibilities Include:

• Ensure adequate controls are in place for daily margin calls and collateral movements
• Create culture of end-to-end client ownership
• Provide support for ''Lean Cell'' process of priority clients
• Communicate and provide escalation for collateral disputes
• Work with partners across organization to resolve disputes
• Monitor and approve metrics reflecting both margin process and dispute resolution
• Participate in New Product Approval and introduction to the team
• Ensure appropriate levels of support for Collateral Transformation project
• Leverage contacts at other firms to accelerate problem solving
• Identify and implement STP initiatives and fine tuning of current internal work flows; ability to effect change to existing platform and processes.
• Interaction with Auditors and Local regulators.