Description
Job Description: Responsibilities will include the following:* Minimizing the bank's risk by making required margin calls in accordance with signed agreements or long form confirms and internal credit/audit guidelines.
* Working understanding of 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
* Work closely with Front, Middle and Back offices
* Notify the Risk IM team on margin call disputes
* 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
Job Requirements:
* Candidates should have at least 2 years of experience working with repo, with an in depth understanding of the global repo markets.
* Understanding of repo product workflow: from trade execution to settlement, as well as repo legal agreements.
* Four year college degree preferred.
* Working knowledge of ALGO & BONY GSCX a plus.
* Necessary characteristics include: track record of mitigating operational risk, attention to detail, customer service etiquette, strong communication skills (oral & written), accuracy, reliability, initiative, and the ability to work under pressure in a fast pace environment.
* Candidates must be able to work well with various front and back offices, Risk IM and Legal.
To find out more about Huxley Associates please visit www.huxley.com