Job Description - Head of Collateral Management, Top Tier FI
Your new company
A Top Tier FI is looking for a Head of Collateral Management.
Your new role
Lead a team of 6, overseeing daily collateral management activities and ensuring margin payments and receipts are processed in accordance with ISDA/CSA, GMRA, GMSLA, CCP rules, and internal service standards.
Manage the full margin lifecycle, including the issuance, validation, and resolution of Initial Margin and Variation Margin calls, while proactively following up on outstanding exposures and disputes.
Oversee collateral settlements across cash and non-cash assets, ensuring accurate and timely movement of collateral with counterparties, custodians, and market infrastructures such as Clearstream and Euroclear.
Drive daily collateral and trade population reconciliations, ensuring all breaks, exceptions, and discrepancies are investigated and resolved within required timelines.
Act as the Collateral Management representative in New Product Approval initiatives, assessing operational, risk, and margin impacts of new products, markets, and regulatory developments.
Lead and support system enhancement initiatives, including User Acceptance Testing (UAT), process validation, workflow improvements, and implementation sign-off for new technologies and controls.
Identify opportunities to streamline end-to-end collateral management processes through automation, data analytics, and process optimization, reducing manual intervention and enhancing operational efficiency.
Monitor collateralized and uncollateralized exposures, settlement failures, segregation breaches, and other risk indicators, escalating material issues for senior management and relevant stakeholders.
Prepare, review, and submit regulatory and management reporting related to collateral quality, concentration limits, rehypothecation, operational performance, and compliance with applicable regulatory requirements.
Produce and present management information, key performance indicators (KPIs), and risk metrics (KRIs) to senior management, providing insights into operational performance, control effectiveness, and emerging risks.
What you'll need to succeed
Minimum 15 years' experience in Banking Operations, with a minimum of 5 years dedicated specifically to Collateral Management (including management or supervisory experience).
Bachelor's Degree in Finance, Economics, Business Administration, or a related discipline
Deep understanding of OTC Derivatives (including Interest Rate Swaps, Credit Default Swaps, FX), Repo, and Securities Lending, with a view of the front-to-back processing workflow.
In-depth understanding of key legal documents: ISDA/CSA, GMRA, and GMSLA.
Excellent command of spoken and written English, Cantonese, and Mandarin.
What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call Hailey Tai now @ 22307491. Alternatively, you can also send Hailey an updated CV to [email protected]
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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