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Collateral Management Margin Analyst - Consultant
Ref No.: 17-00125
Location: Jersey City, New Jersey
Collateral Management Margin Analyst - Consultant

Seeking a Collateral Management and Margin Analyst who will be responsible for managing counterparty risk by issuing margin calls that equal replacement cost incurred if the client defaults. Margin calls are met with the transfer of liquid assets including cash and securities.

Responsibilities:
  • Minimize the bank's risk by making required margin calls in accordance with signed agreements or long form confirms and internal credit/audit guidelines.
  • Maintain a working understanding of ISDA/CSA collateral agreements
  • Verify that all manual adjustments are captured prior to margin call processing
  • Ensure that all margin calls are issued and responded to meeting agreement deadlines
  • Research, reconcile and resolve margin call disputes with counterparties
  • Notify the Risk IM team on outstanding margin call disputes
  • Work closely with Front, Middle and Back offices
  • Confirm and process collateral movements in a timely manner
  • Investigate control reporting breaks
  • Process and reconcile monthly collateral interest
  • Accurately prepare daily reports for review by Senior Management
  • Escalate unresolved issues to management

Qualifications:
  • Previous Collateral Management experience given preference
  • Client Clearing experience
  • Candidates should have working knowledge of OTC Derivative and/or Repo markets.
  • Collateral agreement (ISDA/CSA/Repo) knowledge is required
  • Algo, BONY GSCX and TriOptima system experience a plus.
  • Strong analytical and working knowledge of Microsoft Office. Ability to build Excel based solutions (macros) to improve efficiencies / controls is required.
  • Project management experiences a plus.
  • Necessary characteristics include:
    • track record of mitigating operational risk
    • attention to detail, high degree of accuracy
    • customer service etiquette
    • strong communication skills (oral & written)
    • sense of initiative,
    • ability to work under pressure in a fast past environment.
  • Four year college degree preferred.