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Derivatives & Collateral Management Associate

Employer
Barings
Location
London, United Kingdom
Salary
.
Closing date
Mar 31, 2023

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
You will work closely with both internal partners (trading, portfolio management, compliance, counterparty management etc.) and relevant external parties (counterparties, custodians, clearing institutions).

You will join the team of dedicated professionals responsible for performing all aspects of derivatives post execution processing and collateral management activities.

You will demonstrate credibility with a proven competency and knowledge of the operational and trading activities, as well as drive efficiency and accuracy to reduce risk in our processes.

Responsibilities:
  • Focus on accurate and timely transaction processing of Derivatives and Collateral Management, ensuring tasks are prioritized accordingly to meet processing deadlines
  • Work closely with front office and business partners to provide daily operational support included but not limited to trade capture, asset set-up, confirmations processing, settlements, failed trade management, payment processing and reconciliation
  • Coordinate margin calls and manage the dispute process with each respective counterparty
  • Book agreed collateral movements, provide proactive communication with custodian banks and support collateral settlement process
  • Act as a subject matter expert on firm's operational workflows and processes for derivatives and collateral, including liaison with Manager of Derivatives and Collateral in relation to any enhancements to Aladdin to support new business initiatives.
  • Assist Manager of Derivatives and Collateral with any Regulatory Change projects impacting Derivatives e.g. UMR, LIBOR transition.
  • Take responsibility and provide proactive communication while troubleshooting and resolving issues related to Derivative trade capture, settlements and collateral management
  • Identify risk issues and use good judgement in communicating issues to management attention and escalating matters when warranted
  • Develop strong client relationships and partner with front office and IT to realize the full potential of operational workflows
  • Actively ensure upward and downward communication of developments and issues

Qualifications and Skills:
  • Full understanding of different types of products and processing requirements for bilateral and cleared swaps, cross currency swaps, zero coupon swaps, CDS/X, swaptions, TRS, caps/floors, FX, futures and options.
  • Understanding of the lifecycle of the trade from execution to settlement, as well as collateral management process
  • Solid understanding of operational risks and controls
  • Knowledge of connectivity protocols is a plus
  • Knowledge of Order Management Systems, in particular Aladdin
  • Analytical ability to evaluate the root causes of the problems and aptitude to understand complex workflows
  • Able to manage heavy workload, understand urgency, multitask and prioritize to meet deadlines
  • Strong teamwork ethic whilst also having the ability to function without explicit direction, challenge yourself to learn new things and continually improve
  • Effective communication skills, both written and verbal

Experience:
  • 5+ years' experience in financial services
  • Recent and relevant experience in Trade Operations
  • Strong knowledge of derivatives products and collateral management processes

Education:
  • Bachelor's degree in Accounting, Economics, Finance or related field

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