Description
I have a great new opportunity working for a leading financial institution based in the city. My client is looking for a collateral operations analyst. You will be responsible for the day to day management of all clearing service collateral requirements, as well as internal investment support and reconciliations. You will have a good knowledge of commercial banking processes including CCY cut off's and the payment messaging infrastructure (SWIFT).
Key Duties:
- Monitoring and sweeping of cash across internal accounts for funding and investment
- Matching internal repo trades with counterparties
- Interaction with Front Office investment to ensure cash flow (in/out) is reflected on investment balances.
- T+1 reconciliations of member and FCM balances and nostro accounts
- Investigation and escalation of failed trades or reconciliation breaks
- Daily/Weekly/Monthly reconciliation break reporting
- To action the timely collection of margin payments and receipts, escalating late payments and issues with cash-flow as per procedures.
- Oversight and monitoring of intra-day cash flow
- Investigation and escalation of delayed calls or cash breaks
- Cover distribution process to compare liabilities to assets lodged
- Monitor and manage the instruction and settlement of securities
- Production of daily, weekly and ad-hoc MIS for internal and external interested parties.
- Ability to produce advanced excel templates and write macro's for the purpose of MIS.
- Involved in small operational change items from design through to implementation.
- Co-operation in UAT planning and execution.
- Ensuring procedures are reviewed and maintained as a result of service change, continually look for ways to improve current processes and procedures.
- Quarterly operational procedure reviews.
- Assistance in annual auditing where required
Key Skills:
- Experience in Collateral Operations or Cash Management
- Good knowledge of commercial banking and CCY cut off's
- SWIFT
- Microsoft Suite (Excel/Powerpoint/Word)
- Microsoft Excel Specific (Advanced/Macro level)
- Reconciliation systems (Sunsystem Professional Advantage) (this is desired)
For more information please apply now