Description
Timely and accurate administration and management of daily collateral transactions will be required. Overall responsibilities are to evaluate collateral requirements, review structured products and trades from internal systems for dispute resolution, instruct collateral movements to custodian and accounting system. Candidate will also reconcile positions and trades between middle office risk management systems and official books & records, as well as investigate and resolve issues. Candidate will be expected to independently verify all new collateral identifiers for accuracy and maturity.Responsibilities:
- Process collateral to or from trading desk to internal systems/custodians
- Collateral Management support for all departmentally supported products (OTC, Futures, Prime Brokerage, TBA)
- Prepare and distribute instructions to custodians/brokers
- Evaluate collateral requests for reasonability
- Resolve outstanding breaks with brokers and custodians
- Ensure settlement of daily collateral transactions and resolve issues
- Update procedures for processing collateral transactions
- Systems and data maintenance
- Create and submit reports to clients and internal counterparts
- Prime Broker support entailing cash movements
- Potential other OTC/Futures responsibilities within the team
Qualifications
Education & Experience
- Bachelor's degree in Accounting, Finance or Business
- Collateral experience desired
- Derivative and MBS knowledge a plus
- ISDA, CSA, MSFTA, Futures Agreement documentation experience a plus
Skills/knowledge
- Team oriented
- Strong analytical and mathematical skills
- Buy Side experience preferred
- Attention to detail
- Strong organizational and time management skills
To find out more about Huxley Associates please visit www.huxley.com