Collateral Specialist
Date Posted: 16/10/2024
Location: Reigate
Job Type: Full time
About the role
We are looking for a Collateral Specialist to manage the daily collateral activity for CSA variation margin and initial margin, repo and longevity reinsurance for Just Group. This covers approximately 25 counterparties with 40+ collateral agreements.
Responsibilities
1. Processing of daily derivative collateral margin calls (variation margin and initial margin), repo margin calls and less frequent reinsurance collateral movements
2. Monitoring of substitutions required for collateral positions pledged
3. Daily reconciliation of derivative positions within TriResolve, identifying and resolving differences and breaks
4. Monthly interest processing on cash balances
5. Continuously look to challenge and improve existing processes
6. Take ownership of counterparty/internal queries in shared mailbox
7. Perform monthly reporting to assist with preparation of Asset and Liability Committee (ALCO) report
8. Ensure process documentation is kept up to date
Skills & Experience
1. Must have relevant collateral management experience
2. Portfolio reconciliation experience is desirable
3. Good knowledge of derivative instruments, cash and securities collateral requirements and trade lifecycles
4. Knowledge of rates, credit, FX and exchange-traded derivatives and corporate/government bonds is desirable
5. Experience using TriResolve highly desirable
6. Knowledge of repo and reinsurance agreements would be advantageous
7. Strong verbal and written communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels
8. Intermediate/advanced level of experience with Microsoft Excel
9. Strong analytical, problem-solving skills and a good application of financial controls
Company Benefits
* A Competitive Salary, Pension Scheme and Life Assurance
* Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
* Private Medical Cover and Income Protection, just in case
* A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
* Opportunity to progress within your career both in-role and within the company
* FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
* A variety of Employee Funded Benefits available to you via our Online Benefits Portal
* Plus, several additional purchase options available for you and your loved ones
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