Margin & Collateral Manager III
About The Position
As a Vice President on the Futures and Derivatives Clearing Client Margins team, the Margin & Collateral Manager III provides strategic and operational oversight for a team that serves as clients’ daily contact for margin obligations. The role champions payment controls, ensures compliance with regulatory and internal standards, and drives continuous improvement in team processes. It requires collaboration with internal partners to enhance the client experience and support operational transformation, as well as a strong sense of ownership, sound issue assessment and resolution, and a commitment to developing team capabilities in line with business priorities and Firm-wide objectives. Product knowledge and a strong focus on payment controls are essential. This is a full-time, in-office position in Chicago, Illinois, Monday through Friday between 8:00 a.m. and 5:00 p.m. Training is required as scheduled, and training hours may differ from regularly scheduled hours. The position does not offer relocation assistance or immigration sponsorship.
Requirements
- Deep understanding of the Derivatives Clearing business and the end-to-end lifecycle of Futures and Cleared OTC Swaps products.
- Proven experience in team oversight, with a focus on developing talent and fostering accountability.
- Strong communication skills and ability to build relationships with external clients and internal stakeholders, including Sales, Controls, Technology, and Operations.
- Demonstrated control mindset to identify process gaps, prioritize, and mitigate operational risk, especially in payment controls.
- Excellent problem-solving skills and ability to address operational and technical issues with sound judgment.
- Ability to prioritize, drive results, and influence team members in a cross-functional, diverse environment.
- Strong organizational skills and attention to detail, with ability to multitask and deliver against tight deadlines.
- Commitment to self-development and continuous learning.
- Ability to synthesize complex information for various audiences.
- Series 99, or ability to obtain it within 180 days of hire.
Nice To Haves
- Working knowledge of, or strong desire to learn, data visualization and analytics tools such as Tableau, Alteryx, and LLMs.
Responsibilities
- Lead and oversee a team serving as the primary escalation point for clients settling margin requirements.
- Champion payment controls through rigorous oversight and continuous process improvement.
- Ensure margin requirements are met in accordance with margin regulations, client priorities, and internal risk policies.
- Resolve complex issues involving SWIFT formatting, cash and securities settlement instructions (SSIs), and securities settlements across global markets.
- Build and leverage relationships across Sales/RM, Compliance, Technology, and Operations to drive solutions.
- Analyze client behavior, margin balances, and exceptions to identify opportunities for improvement.
- Implement solutions to enhance the client experience, drive capacity gains and efficiency, and strengthen controls.
- Lead and participate in cross-functional initiatives involving regulatory matters, strategic/platform work, exchange/product onboarding, and client experience.
- Monitor industry developments in cleared derivatives and communicate relevant insights to management and the team.
- Promote continuous learning and product expertise within the team.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
