OTC Collateral Associate Manager

  • 95,000
  • New York, NY, États-Unis New York NY US
  • CDI, Plein-temps
  • Linium Resources
  • 29 mai 18 2018-05-29

Prestigious hedge fund partnered with prominent fund administration manager offering excellent benefits (i.e.: health, dental, 401k, tuition and professional development reimbursement plan) is seeking an experienced OTC Collateral Associate Manager

Duties of the role:

  • Monitor and control collateral calls utilizing the Collateral Management System.
  • Negotiate collateral call amounts when a dispute occurs.
  • Monitor, control and confirm collateral calls with customers via phone, fax and e-mails.
  • Assist in the Investigation and help solve collateral call discrepancies with customers.
  • Calculate and confirm interest payments monthly with customers.
  • Assist in the follow up with customers on any discrepancies.
  • Update all related rates and Multi-Branch collateral information in the Collateral Management System.
  • Request and supply Mark to Market information from customers to solve discrepancies. Also check with middle office on MTM values.
  • Follow up with customers on any non-receipt of funds.
  • Download CREMS credit information.
  • Check customer's credit rating utilizing information from credit division and outside sources S&P and Moodys.
  • Also check CCS for updated information. Inform department manager and correct any credit rating as per the CSA
  • Change credit rating for Collateral counterparts as needed
  • Maintain daily activity folder for approval by section head and manager.
  • Prepare and check daily Collateral reports for Management.
  • Assist in enhancing procedures and workflows.
  • Rate inputs to OBS derivatives processing system
  • Alternate in the closing process for OBS, NDS and G-Base (derivatives processing systems
  • Create Daily reports in document workflow management system

Successful candidates will possess the following skills, education and experience:

  • MUST HAVE Advent Geneva!!!!!
  • College degree Business, Finance, or related
  • 2 5 years' experience in Collateral Management;
  • Must have computer skills in Word, Excel and Lotus Notes;
  • Ability to communicate effectively in both oral and written form;
  • Good organization skills;
  • Understanding of derivatives transactions (Interest Rate Swaps, Currency Swaps, FRA's, Credit Default swaps, Futures/Options)
  • Familiarity with Dodd Frank, EMIR, BIS etc. collateral regulations a big plus
  • Process flow and data management development in close collaboration with Front, Middle and Back office business groups
  • Knowledge and understanding of the financial markets with focus on client data management, trade lifecycle operations