Aston Carter Ltd London, UK
Aug 10, 2018Full time
Head of Collateral & Cash Management - 95k Keywords: Collateral Management, Collateral, Operations, Middle Office, OTC Derivatives Repos, Portfolio Management, Associate, AVP, Margin Calls, Securities Lending, , Margining Processes, Counterparty, Reconciliations, Settlements, Credit Risk, Liquidity, Prime Brokerage, Change. My client, a market leading global Tier 1 Investment Bank is looking for a Collateral Management VP to head up their team and own several of the groups' responsibilities. The candidate should have a solid understanding of Collateral Management within the Middle Office and have previous management experiences. This is a leading role that offers excellent exposure and visibility to more senior stakeholders within the business - The position offers a great deal of autonomy and the opportunity to manage a team The successful candidate will have the following responsibilities: Build relationships with all process partners impacted and involved in the collateral process. Daily Incoming cash settlements and complete margin calls from external counterparties Issuing collateral demands in reference to Collateral system Confirm payments, cash receipts are funded and are represented in the appropriate payment system. Ensure all client money is cleared on a daily basis Liaise with senior stakeholders with regards to any changes to collateral measurements. Prepare Collateral spreadsheets for Treasury Cash Management Create and distribute exposure management reports to stakeholders at end of day Provide internal and external Collateral client services for all inquiries The successful candidate will have the following experience: Knowledge and understanding of Collateral Management, the importance of the function and its life cycle. Experience of managing a team and implementing large change projects Strong understanding of Cash and non-cash collateral Experience with Repo, Tri-Party, Bilateral and Securities Borrow/Lending knowledge Customer driven, understand client requirements and build strong relationships. To be able to understand client requirements and to be customer driven Experience with JPM, BNY, Clearstream, Euroclear Those that feel they are a strong candidate for the role should forward their CV's or contact Tomas on to find out more.