Collateral Operations Job Description
Collateral operations
provides collateral management support in regards to OTC and cleared derivatives through liaising with various investment teams.
Collateral Operations Duties & Responsibilities
To write an effective collateral operations job description, begin by listing detailed duties, responsibilities and expectations. We have included collateral operations job description templates that you can modify and use.
Sample responsibilities for this position include:
Validating and ensuring all margin calls are issued on a timely basis
Conduct mapping of “to be” and “as is” flows, define business requirements and participate in testing to successfully implement change into the daily business unit activities
Direct point of contact with business unit queries
Maintain close relationships with market counterparts, agent banks & internal business partners, daily interaction with Global Treasury Operations teams in Tokyo, Hong Kong, Singapore, London, New York and Salt Lake City
Take ownership for developing the next generation of managers
Execute the NA Collateral process from end to end state for the NA Applied Marketing teams ensuring collateral/merchandising flow through the supply chain to achieve on time delivery to make target ship and Retailer on counter dates for launch and continuous collateral/merchandising programs
Responsible for detailed review of the NA Applied Marketing grids in preparation of compiling collateral allocation documents
Administers all details of collateral programs via Collateral Allocation documents
Daily communication with Third Party suppliers to maintain timely receipt of goods
Administers the process for brands within the NA Affiliate that procure their merchandising from IMD Paris
Collateral Operations Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Collateral Operations
List any licenses or certifications required by the position: CPA, CRM
Education for Collateral Operations
Typically a job would require a certain level of education.
Employers hiring for the collateral operations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Business, Accounting, Economics, Associates, Financial Services, Management, Graduate, Mathematics, Communication
Skills for Collateral Operations
Desired skills for collateral operations include:
Microsoft Office with a focus on Excel
Futures & Options
ISDA/CSA is a bonus
Fixed Income products
OTC Derivatives Collateral Management and supporting Legal documentation is advantageous
OTC Derivative products
Similar background
OTC Derivatives
Collateral Management for OTC Derivatives
Regulations impacting the OTC derivative market
Desired experience for collateral operations includes:
Able to work proactively and independently
Accountable for driving the excess collateral destruction process from end to end state for all brands within the NA Affiliate for ELM/CADC/PADC to support the Corporate initiative to reduce inventory levels in the warehouses
Align with the corporate strategy to develop the small brands to critical mass levels by assuming responsibility for executing marketing plans for collateral/merchandising for new brands successfully on boarded to the NACOPS process by department Director
Demonstrate learning agility in adopting new technologies and productivity effort by leveraging SMI
Flexibility to work in all sites as needed (LI, NYC, PADC)
A basic understanding of financial markets (Equities, Foreign Exchange, Interest Rates, Commodities) and derivative products (Caps, Floors, Collars, FRAs, Swaps, Swaptions, Structured)
Collateral Operations Examples
1
Collateral Operations Job Description
Job Description Example
Our company is searching for experienced candidates for the position of collateral operations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for collateral operations
- Partner with the local and global functional teams across Liquidity Operations
- Contribute to the broader Liquidity Operations and LCO organization outside of specific business analysis deliverables
- The calculation, issuance, agreement and settlement of margin calls relating to OTC and repo portfolios
- The performance of portfolio reconciliations in the event of disputes, subsequently the cross organisational coordination to ensure resolution
- Participate and lead both firmwide and industry driven initiatives involvement in projects driven by regulatory change
- Involvement in new business analysis and preparation
- Consistently strive to further develop the department’s control framework and risk management practices and technology
- Engage with clients to both improve service and ensure clear and prompt issue and query resolution
- Projection of currency requirements
- Supporting Business Partners in improving and retaining client relationships, and driving additional sales opportunities
Qualifications for collateral operations
- Demonstrable consistency of employment and progression within prior roles
- Demonstrate a strong understanding of risk management
- Experience in an Operations / Business Analysis role within a Bank
- Good knowledge of the business flows in the financial services industry, as is related experience in technology strategy or in a client service or business function
- Minimim of 3.5 years experience within Operations
- Japanese language skills desirable as the role may require interaction with Japanese speaking colleagues/clients
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Collateral Operations Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of collateral operations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for collateral operations
- Maintains close relationships with internal business partners to have a comprehensive understanding of market, vendor and regulatory implications to effectively understand the impact on the Implementation team and process
- Ensures Implementation delivers to committed service levels monitoring against agreed SLA’s globally
- Senior escalation point for External and Internal Clients and advisor for clients on all Implementation related matters
- Conduct regular process and procedure reviews
- Resolution of client queries in a timely manner
- The review and implementation of changes to the operating model
- The evaluation and updating of SLA’s and MIS
- Partnership with Middle Office & Operations teams
- Execution of the training agenda
- Sponsorship of technology enhancements and builds to further develop operational capability
Qualifications for collateral operations
- Demonstrate an ability to learn quickly and deep dive into the team’s processes
- Expertise in Microsoft Office (Excel, Access, Word, Outlook, SharePoint)
- Knowledge of Securities Based Lending products offered by ML (Margin, Options, LMA, MLHL)
- Introduce greater automation in processes through management, execution and delviery of CTB and RTB initiatives
- The successful candidate will have excellent communication skills
- Service Review
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Collateral Operations Job Description
Job Description Example
Our growing company is looking to fill the role of collateral operations. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for collateral operations
- Ensure that commodity-based lending transactions are properly collateralized
- Ensure that Loans and REPO outstanding balances are current
- Ensure that collateral is marked-to-market daily and meets the guidelines described in the credit approval, legal documentation and the Policy & Procedures manual
- Process and value collateral
- Monitor accounts and covenants
- Interact with clients, Front Office, Back Office, and LC Departments
- The opportunity is for an Operations professional with 6-9 years industry experience to join the Bangalore Liquidity Ops department, assisting in the management of the line team supporting the EMEA and Asia funding flows
- The candidate will manage team and participate in Mentoring, coaching and training requirements of its team members
- The candidate will proactively contribute ideas to projects involving strategic system and workflow design and new product development
- The candidate will manage team inclusive of mentoring, coaching, delivering performance feedback and training of team members
Qualifications for collateral operations
- Possess an MSc in Finance, Economics, Business or equivalent
- Efficiency Review
- Strong ability to build, cultivate and leverage client and internal relationships
- Takes accountability for issues, actions and leverages relationships to ensure client and internal
- Expectations are met
- Japanese language capability is required as the role requires interaction with Japanese speaking clients and colleagues
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Collateral Operations Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of collateral operations. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for collateral operations
- Key objectives of this team are to provide clients with the option of receiving single consolidated reporting/statements, a single funding point for settlement activity and a single point of contact for supporting daily activity across Derivatives Collateral Management, Derivatives Settlements, F&O and Repo
- Drive Strategic Change agenda for Collateral Implementations in EMEA
- Project Manage key deliverables of Strategic Change agenda in EMEA
- Ensuring the Implementations team delivers to committed service levels monitoring against agreed SLA’s in EMEA
- Manages a governance process of service disciplines, specifically but not limited to, governance and oversight responsibility for processing functions in offshore locations
- Key objectives of this team are to cover the banks exposure, own any investigation as a result of disagreement of collateral requirements and to manage the banks exposure facing central clearing counterparties such as LCH, ICE & EUREX
- Compiling firm wide liquidity projections across cash and securities
- Cash and collateral management across GSLE’s to ensure critical settlements occur (Fedwire, Tri-Party, Exchange Margin)
- Active partnership with key SecDiv partners (STIR / GLP) cross-Operations interactions to drive liquidity transparency
- Front line interaction with a network of key vendors across cash and securities agents central banks
Qualifications for collateral operations
- Experience in dealing with highly complex, demanding requests
- Execution of business objectives
- End to end process ownership along with ongoing initiatives for improvement
- Capacity & staff planning
- Working with partners in Risk and controls covering audit preparation, Control Self-Assessment
- Reviews and client Due diligence
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Collateral Operations Job Description
Job Description Example
Our company is growing rapidly and is hiring for a collateral operations. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for collateral operations
- Timely queues monitoring and execution
- Liaise with internal clients, client services, relationship managers and counterparties
- Properly identify risks and escalate derogatory/high risk findings to Management
- Implement appropriate system maintenance and updates
- Drive the control agenda specifically across Derivatives Clearing Operations
- Drive Quality Assurance testing agenda
- IB Rapid Exposure Drill (RED) Process - guidance and monitoring of operations compliance with IB wide procedures and standards
- Representation and preparation for CIB wide meetings - metrics, central control meetings and other sub-committee meetings
- Ops Risk Initiatives, including deep dives and proactive risk mitigation analysis
- Engage with Corporate Risk partners to deliver the Corporate/CIB Oversight & Controls agenda
Qualifications for collateral operations
- Minimum of 7 years’ relevant work experience within financial services
- Previous experience working within Operations Risk for a global investment bank
- Project management experience across operational processes
- Experience working with regulatory changes with the FCA (Financial Conduct Authority) and EMIR (European Market Infrastructure Regulation)
- Strong Collateral Management knowledge
- Previous experience working in a client facing role, including liaising with front and middle office