The Securities Finance collateral team is responsible for performing collateral management activities. To meet the loan obligations the processor has to collaborate with multiple parties like borrower, third party client’s custodian, front office and other internal teams.
Collateral Management is a Front to Back’ trade capture, collateralization and reconciliation workflow. Each activity stream is managed via a Daily Balance Sheet in conjunction with our internal systems.
Each broker activity stream must be bilaterally agreed before any individual or bulk payments are instructed or received.
The ultimate target is for each and every broker balance sheet cell to be fully reconciled.
Major Responsibilities :
Dynamic role which requires good understanding of equities market, Securities Lending and borrowing business, collateral management.
The business requires constant interaction with multiple stakeholders namely Trading Desk, Borrowers, Internal teams. Major responsibilities include
Daily activities include loan and loan return processing, mark to market reconciliations, executing cash movements, monitoring and resolving failing returns and process exceptions throughout the day.
Agrees daily collateral margin, coordinates instructions to deliver / receive collateral with brokers and reconciles daily net cash movements for JPY transactions.
Confirms end of day re-pricing and money movements with brokers and reconciles net cash collateral activity in a timely manner.
Complete daily EOD balancing, ensuring market activity is correctly reflected in the firm’s books and records (DML).
Develop effective working relationships with all SSGM staff at all levels across all locations.
Provide appropriate MIS data / feedback as and when requested to support business unit decision making.
Demonstrate Risk Excellence’ culture in their behavior and encourage an environment of openness and transparency that fuels effective challenge, debate and open discussion.
Identify and suggest process and control improvements to management to reduce risk on the team.
Assist with any new projects / new initiatives as directed by management
Level of Education / Qualifications :
4-5 years’ of experience in the finance industry, familiar with securities lending activities
Skills and Experience :
We need candidates who have :
Analytical, ability to solve complex problems
Attention to detail
Very well organized
Required Competencies :
Highly motivated, with the ability to multi-task
Works well under pressure and thrives in a deadline driven environment
Team player with the ability to work independently
Focus on mitigating risks and controls
A self-starter with high can do attitude.
Experience with Excel and other MS application