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Collateral Management

Employer
Aston Carter
Location
London, United Kingdom
Salary
30.00 - 45.00 GBP/Hourly
Closing date
May 30, 2023

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
As Collateral Management Analyst Officer you will:
  • Mitigate risk through the daily collateral margin process across OTC bilateral, OTC Cleared, Repo and ETD.
  • Actively manage margin calls with counterparts and either formally agree or dispute in line with agreement timescales.
  • Book cash and stock collateral movements within Lombard Colline ensuring instructions are issued to the market in time to meet settlement deadlines.
  • Management of settlement fails for both cash and stock collateral movements by communicating with counterparts to achieve settlement in a timely manner.
  • Agree interest payments on cash positions with counterparts ensuring these are posted within Colline and internal accounting systems to ensure timely settlement.
  • Review TriResolve Trade and Collateral breaks
  • Establish strong relationships and work in conjunction with Investment Operations, Custodians, Brokers and Counterparts.
  • Ensure any changes/improvement to processes are recorded in the team procedures.
  • Contribute to the departments long term strategic initiatives and undertake testing when required
  • Keep up to date with market, regulatory and business changes relating to the work of the department.
  • Assist department and IT to define requirements, developing innovative system or process solutions where gaps identified.
  • Understanding of key operational risk and performance indicators, including involvement in operational control meetings.
  • Challenge the status quo and question existing process, workflow and operating models to reveal their underlying purpose. Realign the current to the future state and implement new only when necessary.
  • Initiate/participate in change projects to enhance the control framework for all trade processing tasks in the team, mitigate risks and close internal/external audit points

Strong understanding of:
  • Key Collateral operational processes e.g. settlements/reconciliation/margin workflow
  • OTC Derivatives / Repo products
  • Legal, Credit and Operational risks associated with Collateral
  • ISDA CSA (NY & English Law) and the 2001 ISDA Margin Provisions
  • GMRA Margin Provision

Job Title: Collateral Management

Location: London, UK

Rate/Salary: 30.00 - 45.00 GBP Hourly

Job Type: Contract

Trading as Aston Carter. Allegis Group Limited, Maxis 2, Western Road, Bracknell, RG12 1RT, United Kingdom. No. 2876353. Allegis Group Limited operates as an Employment Business and Employment Agency as set out in the Conduct of Employment Agencies and Employment Businesses Regulations 2003. Aston Carter is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands. If you apply, your personal data will be processed as described in the Allegis Group Online Privacy Notice available at https://www.allegisgroup.com/en-gb/privacy-notices.

To access our Online Privacy Notice, which explains what information we may collect, use, share, and store about you, and describes your rights and choices about this, please go to https://www.allegisgroup.com/en-gb/privacy-notices.

We are part of a global network of companies and as a result, the personal data you provide will be shared within Allegis Group and transferred and processed outside the UK, Switzerland and European Economic Area subject to the protections described in the Allegis Group Online Privacy Notice. We store personal data in the UK, EEA, Switzerland and the USA. If you would like to exercise your privacy rights, please visit the "Contacting Us" section of our Online Privacy Notice at https://www.allegisgroup.com/en-gb/privacy-notices for details on how to contact us. To protect your privacy and security, we may take steps to verify your identity, such as a password and user ID if there is an account associated with your request, or identifying information such as your address or date of birth, before proceeding with your request. If you are resident in the UK, EEA or Switzerland, we will process any access request you make in accordance with our commitments under the UK Data Protection Act, EU-U.S. Privacy Shield or the Swiss-U.S. Privacy Shield.

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