Collateral Management Operator - Associate
About The Position
Our Margin Operations Team handles more than $1.3bn in global cash and collateral movements on a daily basis. As part of the team, you’ll engage with our clients and brokers as well as internal stakeholders in the Front Office, Financial Reporting, Risk and Control teams. You will have a direct impact on the Bank while developing valuable skills and knowledge in the Firm’s Operating model across multiple products. What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaboration A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days Employee Resource Groups support an inclusive workplace for everyone and promote community engagement Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits Educational resources, matching gift and volunteer programs
Requirements
- Bachelor’s degree (preference for business related, i.e. Finance/Accounting) and relevant experience in Financial Services (Repo or TBA Mortgage Operations preferred)
- Proficiency in Microsoft Office applications, especially Excel, is essential.
- Knowledge of Derivatives/Equities products and margin process knowledge
- Familiarity with vendor based central margining systems such as Magellan/Martini, COLLINE
Nice To Haves
- High attention to detail
- Accuracy and risk awareness in a fast paced and team-based work environment
Responsibilities
- Perform and ensure successful performance and completion of daily margin calls and associated control and regulatory reporting
- Participate in business sponsored and/or regulatory projects
- Adapt and implement solutions for enhancing processes and infrastructure through hands-on collaboration across various stakeholder teams
- Understand the Firm’s infrastructure used to agree and settle margin (cash & noncash) with clients & affiliates
- Participate in and understand processes needed for the recording of margin activity in the margin platforms and on the books and records (sub ledger) of the Firm
- Contribute to the overall Margin Operations product development infrastructure/process enhancement work streams
Benefits
- health and wellbeing benefits
- retirement savings plans
- parental leave
- family building benefits
- Educational resources
- matching gift and volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
