Collateral Associate

Jefferies Financial Group•Jersey City, NJ

1d•Onsite

About The Position

Jefferies OTC Collateral Management Position: Collateral Associate. The candidate for the Collateral Associate position must exhibit a strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions by carrying out Jefferies Policy and Procedures in conjunction with ISDA best practices. The Collateral Management team is responsible for the margining of the following business streams: Repo Finance OTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options) TBA-Covered Agency (Forward Settling transactions). The Collateral Associate will be responsible for daily processing of OTC Swap, Repo and TBA Collateral Call issuance as well as confirming and processing of Anticipated Demands for Counterparty Collateral. In addition, the Collateral Associate will initiate collateral transfer payments and receipts for Liquidity Management, month-end Collateral Interest processing, and portfolio reconciliation.

Requirements

Strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions
Ability to carry out Jefferies Policy and Procedures in conjunction with ISDA best practices
Exposure and understanding to the following derivatives products: Foreign Exchange FX Options, IR Swaps, Credit Default Swaps (single name), Credit Default Index (CDX), Total Return Swaps, Equity Swaps, OTC Equity Options
Must be a team player able to work in a fast-paced environment
Provide excellent service to internal and external customers
Excellent interpersonal and PC skills