Description
A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We're committed to being the best financial services provider in the world, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you'll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we're driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.
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 and Asset Managers, as well as other Banks and Financial Institutions. 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 will include:
- Issuance of margin calls.
- Monitoring Issued tab throughout the day.
- Reviewing 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.
- Chasing unresponsive clients by email and/or telephone.
- Escalating unresolved and unresponsive counterparties to Associate.
- Booking cash collateral moves.
- Booking securities collateral moves.
- Sending substitution requests initiated by Cash and Collateral Management (CCM) Trading to counterparties.
- Booking substitutions.
- Raising and monitoring Operations Portal (OPAL) items, resolving and escalating 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.
- The ability to identify and prioritise multiple tasks that have potential operational risk.
- The 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.