Senior operations - collateral management

Job Description:

1. Manage a team and run end-of-day and intraday margin calculations under ISDA/CSA, GMRA, GMSLA, CCP rulebooks
2. Issue and respond to margin calls within agreed deadlines; follow up on outstanding calls.
3. Instruct collateral movements and confirm receipt/release with counterparties and custodians.
4. Reconcile collateral positions and clear breaks before market open.
5. Participate in New Product Approval (NPA) internal discussion forum as collateral management representative, assess impact on new product/market; Integrate new process to ensure efficiency and controlled workflow is in place to support the collateral management on new products/market roll out.
6. Supervise team members or direct participate in UAT margin models, workflow queues and reporting templates; sign off before go-live.
7. Monitor uncollateralized exposures, failed delivery counts and segregation breaches; escalate breaches immediately. Prepare daily MI for senior management
8. Compile regulatory returns on collateral quality, concentration and re-hypothecation.
9. Identify manual touch-points; Take the lead to optimize E2E collateral management processing.

Qualifications:

1. 10 years + of experience in banking operations with a minimum of 2 years experience on Collateral Management
2. Bachelor’s Degree in Finance, Economics, Business Administration or related disciplines
3. Solid product knowledge on OTC Derivatives, including front-to-back processing workflow
4. In depth understanding of margin/collateral processes and collateral portfolio reconciliations
5. Ability to work on own initiative and communicate effectively
6. Organized and efficient with ability to multi-task
7. Strong risk management and control mindset
8. Diligent, committed and able to work under pressure and tight timelines
9. Advantageous to have knowledge of Cloudmargin, Clearstream, Euroclear and Calypso.
10. Good command of spoken and written English and Chinese (Cantonese & Mandarin)
11. Proficient with advanced Microsoft Excel