Description
Collateral Management Analyst - Investment Banking
London - 6 months
RESPONSIBILITIES
* Responsibility for day to day Collateral Management MTM functions for both Cash & Non-Cash Collateralized trades, including Tri-Party. With appreciation and inclusion of pre-pay items, haircuts, margins, while conforming and adhering to Collateral Mandates & Schedules imposed by our Lenders, plus internal credit limits, and those flagged as credit risk, while remaining aware of market conditions and those clients at risk, to proactively manage risk to the firm.
* To utilise and optimise all forms of non-cash collateral with the firms interest in mind; booking trades on time with settlement deadlines in mind, plus Lender deadlines for same-day trading.
* Agreement of fee marks with Lenders - which ensures there are no month-end differences with the Lenders in PnL, on fixed or floating price trades
* Manage recalls initiated by the Front Office by; finding suitable & eligible replacements, pricing positions, while adhering to collateral mandates & schedules, margins & haircuts.
* Daily Risk Weighted Assets to help reduce Capital charge
* Ensure dividend recalls are processed timely and effectively, to avoid record date positions being liable for WHT.
* Ensure a proactive approach to recalls and substitutions. Ensure you understand and appreciate what is going on in accounts and in the settlement ladder, supporting close interaction with Asset Servicing teams to help mitigate risk.
* Daily monitoring of cash-pool balances with your allotted clients, and regular investigation and clearance of any subsequent breaks.
* Responsible for managing our Stock Loan Tri-Party process, including any fallout from the COMET allocation process - this will require utilising all Front Office systems; GSL Slate, ICS & Global 1, so that we limit downstream breaks in the depots, plus do not impact Credit & Regulatory reporting performed by INSIGHT
SKILLS AND EXPERIENCE
* Like for like experience in Stock Loan/Collateral management function
* Complete and total understanding of daily Collateral Mgmt function, with appreciation of haircuts, margins, credit ratings and pre-pays, and business risk of exposure differences
* Firm Settlements understanding on all markets - how markets are processed, deadlines, limitations in some, and the impact they have on Collateral requirements each day.
* Understanding of trading strategies, and why we need to trade non-cash vs cash.
* Understand G7, G10, Equity Indexes in terms of rating and therefore optimisation
* Understanding of Tri-Party agreements and processing via Escrow's COMET process, but also other providers platforms
* Products - Experience of Equities, Fixed Income, Letters of Credit, ETF's, DBV's, UST's
* Systems - extensive use of Excel, Global 1, Equilend, PIRUM, Bloomberg, Reuters
* Knowledge of Cash-pool/Cash Rebate & Fee Accruals & functions
Hy-phen Limited is acting as an Employment Business in relation to this vacancy.
The Adecco Group UK & Ireland is an Equal Opportunities Employer.