Collateral Management

Birmingham  ‐ Onsite
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Description

Deutsche Bank is a client-centric global universal bank. One that is leading change and innovation in the industry - championing integrity, sustainable performance and innovation with our clients, and redefining our culture and relationships with each other.

Overview

Collateral management is a process used to mitigate credit risk. This is performed by monitoring exposure to counterparties and making collateral transfers to cover margin. The margin is calculated based on terms set out in legal documents GMRA (Global Master Repurchase Agreement). Following recent market events there is now increased regulatory focus and awareness around the importance of collateral management. As a division Collateral Management has a high client service focus and interaction with a broad range of external clients including Hedge Funds, Pension Funds, Private Wealth Clients, Insurance Companies, Asset Managers as well as other Banks and Financial Institutions both large and small. The team also have close working relationships with internal clients including Global Markets (Front Office), Legal, Credit, Compliance and Global Prime Finance (Deutsche Bank's Prime Brokerage provider).

Key Responsibilities

  • Issuance of margin calls.
  • Monitoring of issued tab throughout the day.
  • Reviewing of outgoing and incoming margin calls over 100m US Dollars (USD) and seeking appropriate approval.
  • Submission of waiver requests for orange and invalid margin calls.
  • Approval of waiver requests.
  • Chase unresponsive clients by email and/or telephone.
  • Escalate unresolved unresponsive counterparties to Associate.
  • Booking of cash collateral moves.
  • Booking securities collateral moves.
  • Sending of substitution requests initiated by Cash and Collateral Management (CCM) Trading to counterparties.
  • Booking of substitutions.
  • Raise and monitor Operations Portal (OPAL) items, resolve and escalate when appropriate to Associate.
  • Allocation of queries to Disputes and Reconciliations teams.
  • Investigation and resolution of basic, ad-hoc and complex queries from internal and external clients.
  • Engagement in on-boarding of new counterparties.
  • Completion of end-of-day (EOD) checklist in Sharepoint.

You will have:

  • Strong client focus.
  • Ability to identify and prioritise multiple tasks that have potential operational risk.
  • Ability to work independently, as well as in a team environment.
  • Dedication to servicing a demanding client base.
  • Collateral/security lending experience (preferred).
  • Experience and understanding of the banking and finance sectors.

You will be:

  • Comfortable working in an international client environment.
  • Used to working within a high pressured environment.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital/civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.

Please note that for the duration of this assignment you will be working as an external resource engaged by Resource Solutions based on site at Deutsche Bank.

Start date
n.a
From
Resource Solutions - Deutsche Bank
Published at
07.12.2015
Project ID:
1032420
Contract type
Freelance
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