Stock Loan Collateral Analyst
Main Function
The successful candidate will work within a small, dedicated team who manage the exposure that the firm has with stock borrow/loan counterparties. Their principal responsibility is to ensure that the correct value of predominantly non-cash collateral is placed with or received from counterparties in a timely manner, in order to mitigate credit risk.
This team is at the heart of a growing business franchise within the firm's equities business. Current market conditions have focused attention on this area and the successful candidate will have a high profile and the opportunity to work closely with the business and clients.
The primary focus of this role is to control this expanding business whilst allowing it to continue to develop. The successful candidate will be part of a business critical team that is focused on building the firms capabilities in secured equity finance
Main Duties
- Monitoring of exposure with non-cash collateralised stock loan counterparties
- Collateral identification
- Agreement of collateral on stock loan and financing trades
- Booking of pledges, substitutions and recalls
- Collateral portfolio valuations and reconciliation
- Management of bilateral and tri-party collateral accounts
- Close liaison with settlements on the movement of collateral
- Extensive liaison with the stock loan and financing desks
Person Requirements
- Strong expertise in Collateral combined with knowledge of tri-party collateral arrangements
- Equity Finance/Stock Loan background preferred
- A working knowledge of Equilend and Pirum platforms helpful
- Motivated, self starter with experience of working in a pressurised environment
- Intermediate Microsoft Excel skills (including writing own basic macros)
- VBA skills preferred but not essential
- Proven problem solving and communication skills with both internal and external clients
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