Collateral Management Middle Office

Credit Agricole • New York, NY

156d

About The Position

The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat/COMET/DRACCAR, as well as front office systems (Orchestrade, Murex FCO, Helix, etc). Reconciliations of portfolios have to be done in case of discrepancies with the counterparty and MTM reporting need to be sent.

Requirements

• Experience with collateral processes required.
• Understanding of reconciliations preferred.
• Strong verbal and written communication skills.
• Strong knowledge of Excel.

Nice To Haves

• Knowledge of GV Collat.
• Understanding of legal issues and legal documentation pertaining to collateral.
• Understanding of derivatives and repos activity.
• Capacity to cooperate and ability to propose improvements.

Responsibilities

• Margin call management including notification, confirmation, and booking for Repos and OTC derivatives.
• Reconcile portfolios (Repo & Securities Lending) when discrepancies on margin call occur.
• Coordinate booking and payments/settlement with MOs and BOs.
• Follow unsettled collateral flows.
• Investigate accounting discrepancies.
• Control margin calls: notices exchanged, amounts booked in GVC/Comet, stock reconciliation on repos margins.
• Follow up in TriOptima or manual reconciliations for collateralized and non-collateralized counterparties.
• Investigate significant MtM variations, with escalation process if needed.
• Set up contracts in GVC/Draccar depending on agreement terms for repos and derivatives.
• Daily reporting on discrepancies and disputes.
• Produce MTM Client reporting and reports for NY time zone counterparties.
• Follow up of DFA daily marks.
• Manage audit requests.
• Participate in projects development with Paris including UAT.
• Maintain, improve, and develop activity.
• Formalize processes and document procedures.
• Activity reporting including internal KPIs and external regulatory authorities.
• Contribute to ePCC and incident reporting processes.
• Provide input/analysis in business development and participate in UAT.

What This Job Offers

• Industry: Credit Intermediation and Related Activities
• Number of Employees: 1,001-5,000 employees