Collateral Management

City of London
28 Aug 2019

Investment Banking

Key Responsibilities

  • Actively manage margin calls and ensure all margin movements are captured in MHI systems once agreed. This includes both cash and securities.
  • Ensure data has fed from in house systems to external vendors and controls utilised /exception management remediation is actioned
  • Ensure all payments/ receipts are actioned within the agreed deadlines
  • Ensure all Triparty movement instructions have been released to our relevant custodians and matched where applicable
  • All disputes are reconciled and reported to relevant departments for remediation and action
  • Cleared margin movements reflected in internal systems and reconciled on a daily basis
  • Monitor any custodian systems to ensure security activity has matched for settlement
  • Follow up on and escalate any cash margin and security fails
  • Ensure all portfolios are reconciled and in line with counterparties
  • Agree interest payments on cash positions with counterparts ensuring these are posted within internal accounting systems to ensure timely settlement
  • Ensure all daily and monthly controls are performed within agreed deadlines.
  • Work with technology to improve inefficient processes and the team control environment
  • Cross train on all functions managed by the Collateral Management team
  • Cross train on functions managed by the Agency Lending team to cover periods of sickness and holiday
  • Work on projects and firm initiatives when required

Skills/Experience Profile

  • Experience within Operations and detailed knowledge of operational functions
  • Extensive exposure to daily functions around OTC & Repo collateral
  • Solid understanding of OTC Derivative & Repo products
  • Sound knowledge of regulatory framework affecting collateral i.e EMIR unclear margin rules
  • Experience with Triparty initial margin process
  • Dispute management, escalation & resolution experience.
  • Experience with Triparty initial margin process
  • Dispute management, escalation & resolution experience. Knowledge of relevant stakeholders concerned with the dispute process
  • Detailed knowledge of CSA & GMRA agreements
  • Regulatory reporting requirements for collateral balances & trade valuations
  • Understanding of SwapClear/Repo clear with LCH

Morgan McKinley is acting as an Employment Agency in relation to this vacancy.

Please note that any references to salary or pay rates in this advertisement and in the salary refinement section are indicative only and should only be used as a guide.

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