Cleared Collateral Management - Associate

An employee within MCVO will primarily be focused on the mitigation of counterparty credit risk through the performance of a number of operational processes. They will be expected to perform these functions as well as demonstrating innovation and a proactive approach, highlighting inefficiencies, risks and implementing improvements. In addition, they will also be expected to provide a high level of service to their clients. The role will involve close interaction with a wide range of areas of the bank including Credit Risk Management, Legal and Compliance, Sales, Trading, Controllers, Middle Office, Client Representatives, Central Clearing Services and multiple departments and externally with CCP/Exchange or Brokers. As a result the successful candidate will be required to possess strong communication skills..
SKILLS & EXPERIENCE WE’RE LOOKING FOR
Functional Expertise - Keeps up-to-date with emerging business, economic, and market trends
Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
Judgment and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
Oversight – Act as a primary level oversight for risk impacting the team and able to deal with multiple situations escalated by incorporating a broad set of stakeholders’ viewpoints both internally and externally.
BASIC QUALIFICATIONS
Strong numerical, analytical and problem solving skills
The role is client facing so the employee will require strong communication skill and should be highly articulate with a strong appreciation of client service
Flexible to manage differing challenges and ever-increasing complex nature of transactions
Ability to learn quickly in a fast moving environment. Team oriented approach to sharing workload and leverage skill sets
Strong organizational skills and the ability to cope with rapidly changing priorities throughout the day are essential
Strong attention to detail and multi-tasking skills to balance competing priorities and meet deadlines
Ability to generate creative solutions to problems and challenge processes, be willing to dig into the detail to resolve issues
PREFFERED QUALIFICATIONS:
Minimum Requirement: Bachelor’s degree
4-8 years of work experience in margin area or relevant industry experience
Familiarity with ability to learn Excel macros and other functions
Good working knowledge of product flows and systems, including OTC derivatives, cleared business, prime brokerage and intercompany processes
Prior experience with the Cleared Collateral, Futures/DCS business, systems, flows, products and client base
Evidence of experience working within Financial Services with exposure to Over the Counter Derivatives.
Languages will be beneficial as the Associate could be interacting with clients from across Europe
Business Intelligience expertise in Alteryx, SQL etc.. is an added advantage to the role
FUNCTIONAL RESPONSIBILITIES
Margin Call analysis , validation and Issuane for Futures and OTC Clearing Clients
Ensure timely and accurate settlement of of all margin movements.
Day to day Break management to ensure Ledger integrity and integrity in marign calculations
Working with Clearing Houses to ensure margin calls are covered
Optimize the marign collateral with Clearing houses by ensuring optimal buffers.
Respond to and manage incoming queries from internal and external stakeholders
Resolution and escalation of all client disputes and queries
Proactively working on enhancing the team’s process and controls
Project and initiative management