The candidate for the Collateral Associate position must exhibit a strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions by carrying out Bank Policy and Procedures while applying ISDA best practices.
The Collateral Management team is responsible for the margining of the following business streams:
Repo Finance
OTC Swaps (CFTC Covered and SEC Security Based Swaps)
The Collateral Associate will be responsible for daily processing of ISDA Master-Credit Support Annex and Broadridge Collateral Account set up, OTC Collateral Call issuance and processing of Anticipated Demands for Counterparty Collateral, initiate collateral transfer payments and receipts for Liquidity Management, month-end Collateral Interest processing, and portfolio reconciliation.
The candidate should have exposure and understanding to the following derivatives products:
Foreign Exchange
FX Options
IR Swaps
Credit Default Swaps (single name)
Credit Default Index (CDX)
Total Return Swaps
Equity Swaps
OTC Equity Options
Must be a team player able to work in a fast-paced environment and provide excellent service to internal and external customers
Exposure to Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus.
Should exhibit excellent interpersonal and PC skills.