Collateral Operations are responsible for managing the credit exposure of OTC derivative and repo transactions across multiple businesses with my client, including Fixed Income and Equity Derivatives. The team is a global group with offices in London, Glasgow, Mumbai, Bangalore, New York, Baltimore, Tokyo and Hong Kong and has a combined staff of 220+ individuals. There is currently a position available for an individual at the associate level, within the Collateral Operations team.
Job Title: Operations Associate
Job Type: 12-month contract
Location: Glasgow
Hourly: £27 PAYE + holiday pay
Opportunity Overview: A fantastic opportunity has arisen to temporarily join my client as an Operations Associate.
Role Objective: The successful candidate will be working in a dynamic and challenging environment, covering the day-to-day collateral dispute management process.
Key Responsibilities:
1. Manage collateral disputes with Institutional/Hedge Fund counterparties, ensuring timely and effective resolution.
2. Conduct reconciliations to identify, analyze and resolve the root cause of margin disputes.
3. Collaborate with various internal teams (e.g. Sales & Trading, Operations, Risk Management, Legal and Strats) and external stakeholders to clarify and resolve disputes.
4. Timely resolution of incoming queries from counterparties with regards to disputes.
5. Identify cases that require increased attention or pose significant risk, escalating to senior management and other relevant stakeholders to prioritize and resolve promptly.
6. Maintain a clear focus on increasing efficiency, enhancing control and continuously improving and reducing operational risks.
Requirements:
1. 3 – 5 years’ experience in collateral management ideal.
2. Prior exposure to derivative products and preferably experience with collateral dispute resolution, including a basic understanding of pricing inputs.
3. Experience in OTC derivatives.
4. Some understanding of the key fields within a CSA document impacting margin calls.
5. Self-starter with the ability to work either independently or as part of a team.
6. Stakeholder management experience.
We are committed to offering an inclusive recruitment experience. If you require accommodations because of disability or health condition, please email: gscemeaedi@robertwalters.com. This position is being sourced through our Outsourcing service line.
Contract Type: CONTRACTOR
Specialism: Banking & Financial Services
Focus: Operations
Industry: Financial Services
Salary: £26 - £27 per hour
Workplace Type: Hybrid
Experience Level: Associate
Job Reference: 15149
Date posted: 6 March 2025
Consultant: GSC Manchester TET
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