Middle Office Collateral Analyst

Welcome!

We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.

Qualifications

Position Qualifications

• 4 Yr/Bachelor degree in Finance or Accounting; or equivalent business knowledge/experience
• 2 or more years capital markets financial analysis experience
• 1 or more years risk and collateral experience preferred

Job Description

Primary preparer for the Regulatory DTCC reconciliation, compilation of interest rate and energy marks and preparation of margin calls -- initial margin and variation margin. Monitor and preparation of key reports -- customer MTM statements, trade reconciliation in 3rd party system, perform counterparty exposure analysis. Provide primary control ensuring market data integrity is complete and accurate prior to EOD.

Position Responsibilities

Risk Monitoring and Control

• Perform or manage monitoring and remediation of credit risk exposure for customers and dealers to ensure adherence to assigned credit limits.
• Collateral management through the validation and issuance of margin calls daily.
• Review accurate trade capture, position management inventory continuity day over day.
• Monitor adherence to market risk policy limits, and escalation of exceptions to departmental senior management for remediation.
• Perform or manage daily market valuation accounting, and other financial and management reporting for foreign exchange, derivatives, and investment portfolio products of the Global Capital Markets, and Treasury Balance Sheet Management, businesses.
• Reconcile and review exceptions in trade matching process with various vendors platform.
• Review of market data.

Operations

• Daily calculation and review of collateral requirements across Interest, Energy and FX products.
• Investigate and reconcile differences and/or handle queries from collateral counterparties.
• Daily input and maintenance of customer, credit and market data in multiple SOX Tier 1 applications supporting the CRMP, and Treasury Balance Sheet Management departments.
• Compile data: produce and distribute reports within the tight daily timelines set.
• Oversight, tracking and general management of all client queries.
• Function as day-to-day lead for Collateral activities.

Project Management

• Represent middle office interests in small -- mid size CRMP projects and actively participate and communicate in the project lifecycle.
• Participate in Projects related to other business units which may impact processes and procedures in assigned unit.
• Provide insight for potential risks of expected changes.
• Ensure the policies and procedures reflect the new updates.
• Share project details and any investigation findings with the rest of the team.

Analysis

• Participate in develop analytics as required by regulations such as Dodd-Frank, the FRB Market Risk Rule, Liquidity Coverage Ratio (LCR) and Comprehensive Capital Analysis and Review (CCAR).
• Run, analyze, distribute an escalate exceptions as needed.

Other duties as assigned

About Comerica

We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.