VP

Our client is a financial organization committed to excellence in banking operations and risk management. This role offers an environment that values diligence, precision, and proactive problem-solving. The position involves leading a team of 2-3 FTEs in managing collateral and margin processes within a structured, high-pressure setting. You will be responsible for ensuring efficient margin calculations, responding to margin calls, managing collateral movements, and reconciling collateral positions to support the organization’s compliance and operational standards. This role is vital for maintaining the integrity and security of the organization’s collateral management processes, especially during new product launches and market rollouts.

Role Overview:
The VP will oversee collateral management activities, ensure accurate margin calculations, and maintain effective communication with counterparties and custodians. The role involves supervising team members, participating in internal approval forums, and leading process optimization initiatives to enhance workflow efficiency and control across collateral operations.

Key Skills & Experience:
• 10+ years of experience in banking operations with at least 2 years focused on collateral management
• Bachelor’s Degree in Finance, Economics, Business Administration, or related fields
• Solid product knowledge of OTC derivatives and front-to-back processing workflows
• Deep understanding of margin and collateral processes, including portfolio reconciliations
• Ability to work independently and communicate effectively
• Strong organizational skills with the ability to multitask
• Proficient in Microsoft Excel; advantageous to have knowledge of Cloudmargin, Clearstream, Euroclear, and Calypso
• Good command of spoken and written English and Chinese (Cantonese & Mandarin)

Key Responsibilities:
• Lead a team managing end-of-day and intraday margin calculations under ISDA/CSA, GMRA, CCP rulebooks
• Issue and respond to margin calls within deadlines and follow up on outstanding calls
• Instruct collateral movements and confirm receipt/release with counterparties and custodians
• Reconcile collateral positions and clear breaks before market open
• Participate in New Product Approval discussions, assess impacts, and support new product/market rollouts
• Sign off on UAT margin models, workflow queues, and reporting templates prior to go-live
• Monitor uncollateralized exposures, failed delivery counts, and segregation breaches, escalating issues promptly
• Prepare daily management information (MI) reports and compile regulatory returns on collateral quality and concentration
• Identify manual touch-points and lead initiatives to optimize end-to-end collateral management processes

Candidates with relevant experience and skills are encouraged to apply.