Margin and Collateral Associate II

Derivative Operations provides operational support across line of business covering key product areas including FX, OTC Derivatives, Principal Collateral, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS.

Job Description

As an Associate in Collateral Operations, you will be responsible for Margin calls Settlements, Nostro reconciliation, adherence for all controls and regulations, cross LOBs metrics and projects and building the culture of continuous improvement supporting business across Back Office, Middle offices as well as Global teams. You will be interacting with multiple Operations & Technology teams within the organization to (re)design process.

Job Responsibilities

• Ensure same day settlement/exception management of Margin Calls.
• Investigate Nostro on VD+1.
• Implement supervisory controls around collateral exposure management.
• Supervise MTM breaks, including data quality and strategic projects.
• Focus continuously on deep dive and fixing upstream issues to minimize breaks.
• Resolve breaks with CSR’s.
• Conduct UAT testing.
• Improve controls in the process to ensure 100% accuracy and compliance with regulatory rules.
• Manage new analysis requirements across multiple stakeholders.
• Provide regular updates to senior management on BAU, projects, etc.
• Oversee strategic automation projects.

Required qualifications, capabilities and skills

• CA/ MBA with 8+ years / Graduate or Post-Graduate with 10+ years’ experience in operations.
• Experience on Collateral Management and Derivative Settlements.
• Familiarity with a Capital Markets & OTC Derivatives i.e. Investment Banking, including OTC product, process and system knowledge.
• Ability to drive results through a "hands-on" approach.
• Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization.
• Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, Access and Project.
• Can operate effectively in a dynamic environment with tight deadlines, and can prioritize one's own and team’s work to achieve them.
• Flexibility to work global hours and willing to travel globally, if needed.