Summary
This individual is responsible to the day to day operations of the Collateral management team in NY. This individual will also keep current an any new regulatory requirements pertaining to the Collateral management function and working with Global Collateral management in Paris to ensure compliance. This individual is also responsible for Front Office interface when dealing with client issues and Onboarding of new clients to the collateral management function.
Key Responsibilities:
Perform/Supervise production
Supervise Controls
Daily Portfolio reconciliation per DFA/EMIR requirements
MTM Client support function in NY
Daily Collateral management function (required margin calls etc.)
Client MTM function in the NY time zone
Point of contact for GMD front office for collateral management related issues
By effective implementation of the Collateral Management function work closely with Front Office and Risk department to reduce risk by collecting all required margin per Frim policy.
Management and Reporting
Global reporting line to CMO Global Head of Collateral Management
Local reporting to Head of CMO Americas
Key Internal contacts:
GMD sales/COO
Collateral Management Paris
CMM NY
NY Compliance/Legal
Back Office
Risk
Key External contacts:
Industry organizations
GMD clients
Knowledge and Skills Requirements:
Bachelors Degree
5+ years in the field of Collateral management or equivalent at a major financial institution
Strong project management skills
Strong problem solving and analytical skills
Strong knowledge of applicable regulatory requirements ( ie EMIR and DFA compliance as it pertains to the Collateral management function)
Strong communication and transparency with regional and global functions management