MOD Collateral Management
The Market Operations Division provides essential and professional services across all areas of Macquarie. The group sets and maintains high standards and is continually developing operating efficiencies and setting industry benchmarks in service delivery.The Collateral Management team is responsible for the Middle and Back Office activities for Collateral and Margin management.
Reporting to the US head of collateral management, the role will primarily focus on all aspects of OTC and Energy Margining.
The Houston Collateral Team ensures that all exposures are met in accordance with the collateral schedules on a daily basis covering a wide range of financial products (eg.SBL, FX, Fixed Income, Equities and OTC Derivatives). The team manages collateral at the optimal rate while maintaining minimal risk, substitutions of collateral around dividend events and internal risk/credit reporting.
Reporting to the US head of Collateral Management, the role will primarily focus on all aspects of OTC and Energy Margining. The candidate will be required to liaise with Credit, Risk and various business streams as well as other operational areas within Macquarie both onshore and within the other regional offices:
· Investigate the Not ready to Margin Queue in Marco:
o Investigate and action any expired adjustments
o Review and action any MTS errors or MTS warnings
o Review and update any new agreements
· Set up counterparties in Marco/Calypso/3D per CSA parameters
· Ensure all margin calls due to Macquarie are issued by required cut-offs
· Ensure all LCs increases are approved by RMG credit
· Monitor pending LCs and approvals and ensure they are actioned as appropriate
· Respond to all margin calls received in group email box in an accurate and timely manner
· Hand completed margin call dockets to Houston Settlements team to process
· Check there are no outstanding items on the Nostro rec allocated to Houston
· Run Wells Fargo account statement daily and send to Nostro Recs
· Scan all dockets into Worksite daily
· Send daily handover summary to global collateral team
· Participate in managing material term reconciliations using TriResolve
· Identify material term breaks and follow through to resolution
· Provide back up and support to the Hedge Fund and SBL margin functions
· Partner with team members in the Americas region, and liaise with global MOD team on global matters relating to Macquarie Bank's US activities
· Work with the various business areas on new initiatives and see through to a successful delivery
To be successful in this role you will have:
· Excellent interpersonal skills and the ability to negotiate at all levels
· Excellent written and verbal and communication skills
· Strong attention to detail as well as an ability to view the bigger picture
· Ability to build strong relationships with clients and stakeholders
· Ability to handle multiple tasks and prioritise effectively in a fast paced environment
· Ability to work and contribute as part of a team
· Generate new ideas, taking a process and re-engineering it to create more control or efficiency
· Identify issues and think laterally to provide creative solutions
· Flexible approach to work hours and travel required
· Ability to overcome obstacles and maintain a positive approach in difficult and challenging market conditions
· Have a strong level of commitment to continuous improvement
· Good working knowledge of OTC derivatives
· Understands the market around Hedge Funds and current regulatory changes
· 2 years minimal experience in OTC, Hedge Funds (Prime Brokerage) or settlements role
· Previous experience working with ISDA CSA agreements
· Previous experience using TriResolve
· BS in Accounting, Finance or other relevant Bachelors degree
· Excellent numerical, verbal and written communication skills
· A confident and articulate communicator
· Ability to work both independently and as part of a team
· Ability to develop strong working relationships with peers, clients and managers.
The candidate will be required to liaise with Credit, Risk and various business streams as well as other operational areas within Macquarie both onshore and within the other regional offices
Macquarie is an equal opportunity employer (M/F/D/V).
Leave a Reply
You must be logged in to post a comment.