Collateral Management Middle Office

Job description

Business type

Types of Jobs - Operations

Job title

Collateral Management Middle Office

Contract type

Permanent Contract

Job summary

The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat/COMET/DRACCAR, as well as front office systems (Orchestrade, Murex FCO, Helix, etc). Reconciliations of portfolios have to be done in case of discrepancies with the counter party and MTM reporting need to be sent.

Main tasks of the team:

1) Margin call management

• Margin call notification, confirmation and booking (in GVC) for Repos and OTC derivatives(in Comet) (NY time zone)

• Reconcile portfolios (Repo & Securities Lending) when discrepancies on margin call

• Coordination of booking and payments/settlement with MOs and BOs.

• Follow unsettled collateral flows

• Investigate on accounting discrepancies

2) Control and reconciliations

• Controls on margin calls: notices exchanged, amounts booked in GVC/Comet, stock reconciliation on repos margins

• Follow up in Tri Optima or manual reconciliations for collateralized and non collateralized counter parties (EMIR)
-OTC derivatives
- • Investigation on significant MtM variations, with escalation process if needed

• Set up (creation or modification) of contracts in GVC/Draccar depending on agreement terms for repos and derivatives

• Daily Reportings on discrepancies and disputes

3) MtM Client

• Producing MTM Client reporting and reports for NY time zone counter parties (daily, weekly or monthly reports)

• Follow up of DFA daily marks (check, new reports)

• Management of audit requests

4) Projects, process and procedures

• Participate to projects development with Paris (including UAT)

• Maintain, improve, develop activity

• Formalizing processes and documenting procedures

6) Transverse

Activity reporting (internal - KPI, KRI - and external - to regulatory authorities/Market surveys)
Contribution to ePCC, Incident reporting processes
Business development: provide input/analysis in the NAP, participate in UAT (system upgrades, new products...).

Management and Reporting:

Reports to the Head of Collateral Team

Key Internal Contacts

Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams.

Supplementary Information

SPECIAL

ROLE REQUIREMENTS:

Required:

Client Relationship management

Strong Verbal and written communication skills

Strong knowledge of Excel

Preferred:

Knowledge of GV Collat/Comet/Draccar/Trioptima

Understanding of Legal issues and legal documentations pertaining to Collateral

Understanding of derivatives and repos activity

Capacity to cooperate / ability to propose improvement

Salary Range: $90k - $110k

#LI-DNI

Position location

Geographical area

America, United States Of America

City

NEW YORK

Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Bachelor Degree / BSc Degree or equivalent

Level of minimal experience

6-10 years

Experience

6-10 years

Required skills

English (French is a plus)

Experience with collateral processes required.

Understanding of

Reconciliations preferred

Client Relationship management

Strong Verbal and written communication skills

Strong knowledge of Excel

Preferred:

Knowledge of GV Collat

Understanding of Legal issues and legal documentations pertaining to Collateral

Understanding of derivatives and repos activity

Capacity to cooperate / ability to propose improvement