Collateral Manager - Banking Role overview: Collateral Management is responsible for managing the collateral, exposure, valuations and regulatory commitments within the client’s product suite to help minimise credit, market and operational risks.This role will be responsible for building and implementing the collateral management function in the Bank. Candidates will need strong experience within a similar role experience of derivative products. DutiesResponsible for monitoring and managing collateral with regards to:Margin calls on derivatives (vanilla, FX and interest rate)Trade Finance transactionsTerm loans (collateral typically includes property, plant and equipment)Challenge derivative and other products valuation, particularly with regards to parameters driving this valuation and how this may differ from counterparties’ perspectiveEffectively communicate and escalate issues within Collateral Management and with traders and other support functions, including liaising with relevant departments regarding collateral set-up and entries Input of collateral/security into T24 systemPayments limit management and approval process for Trade Services using Daily Limit report to calculate line availability and including managing pledged cash covering transactionsApproving Forex transactions outside of established linesUpdate and draft relevant policies and proceduresWorking closely with Risk and other departments within the Bank to assist and achieve RA objectives.Complying with the FCA/PRA’s Individual Conduct Rules, as outlined below Skills / Qualifications required:Extensive collateral management, or similar experience, within the financial servicesA strong understanding of valuation of derivatives would be an advantageKnowledge of MS Office and an aptitude for learning new software packages, accurate and high standards of numeracy oral and written English language, along with good organizational and communication skills and a professional attitudeMotivation to ensure accurate and comprehensive productivity plus the ability to identify procedures that will enhance the administrative function of the department. Self-motivation and initiative are essentialExcellent interpersonal skills including relationship management, communication and teamworkExperience with Temenos 24 would be desirable McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.
Posted 48 days ago