Collateral Management Middle Office Associate Job New York New York USA,Finance & Banking

Location: New York

The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts, with management systems varying between COMET/DRACCAR for derivatives and bond repos, APEX for bond lending/borrowing, and SFCM for equity lending/borrowing. It is also in charge of reconciling positions with counter parties, monitoring and escalating issues regarding counter parties with discrepancies or unusual counter party behaviors, and executing and monitoring reporting, particularly MtM (Mark-to-Market) reports.

Main

Tasks

Capture of collateral contract terms

Configuration of collateral contracts in management tools
Management of the collateral contract lifecycle (amendments, closures, modifications, etc.)
Participation in collateral contract negotiations in case of non-convergence with our standards
Ensure completeness of configurations through reconciliations between management systems and the legal database

Margin call management

Notification, confirmation and booking of margin calls in COMET for bond repos and OTC derivatives, in APEX for bond SLB and in SFCM for equity repos and SLB (NY time zone)
Contact with Front Office to borrow securities posted as collateral
Coordination with BO payment teams for margin call settlements
Analysis, monitoring and resolution of payment suspense items (cash and securities)
Analysis of collateral balances
Coverage of non-standard collateral operations (Secured Deposits, Secured Notes, Secured Loans, etc.)

Controls and reconciliations

Margin call controls:
Notifications sent, amounts booked in the tools
Margin call reconciliation
Implementation of regulatory reconciliations in management tools for uncleared OTC Derivatives (COMET/Trioptima)
Execution of portfolio reconciliations in Trioptima and EXCEL (regulatory and in case of margin call disputes)
Investigation of significant MtM variations and breaks identified in reconciliations (MtM or inventory discrepancies)
Daily reporting and monitoring of discrepancies and disputes detected

MtM Reporting

Sending of MtM reports for NY time zone clients (Daily, weekly or monthly)
Monitoring of DFA daily marks operations/clients
Management of audit requests on market operations

Projects, processes and procedures

Participate in improvement projects in collaboration with Paris teams (including UAT)
Formalize and document the various processes

Transverse

Reporting activities (Internal–KPI, KRI – External to regulatory authorities/Market surveys)
Incident reporting process
Business development: provide opinions/analyses on NAPs, participate in UATs (system upgrades, new products, etc.)
Management of requests received from clients/other CACIB departments and escalation of any atypical request/situation

Salary Range: $100k - $120k

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