Job Description - VP/AVP, Collateral Management, Global Financial Markets Operations (GFMO), Group COO
Business Function
Group Operations enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group Operations, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.
Key Accountabilities
Oversee ETE collateral management/process for OTC derivative products
Review Risk and Control, completeness of daily processes
Monitor and raise any issues per escalation matrix in accordance with risk management policies
Support new products initiatives on existing/new system capabilities
Responsibilities
Oversee daily margining call process are in accordance with CSA/GMRA/GMSLA/PAD agreement
Oversee bilateral margin call process, including calculations, issuance, receipt, agreement and settlement of margin calls in an accurate and timely manner
Oversee Regulatory Initial Margin call process via triparty custodian
Oversee OTC cleared margin call process with clearing brokers and clearing houses
Oversee dispute resolution in accordance with established protocol and escalation procedures
Oversee overseas entities on collateral management process
Review process exceptions, such as non-receipt of payments and no response to margin call
Work on collateral process improvement to increase automation index
Support business on collateral management data analysis
Liaise with Front Office and Middle Office to implement new collateral product
Requirements
Bachelor's Degree in Finance, Banking, Business with minimum 8 years operations experience, especially in collateral management
Familiar with OTC derivative product and Margining Agreement CSA/GMRA/GMSLA etc
Relevant experience in People Management, ability to work in a fast-paced environment and drive required outcome
Team player with excellent communication skill
Possess a curious mind to constantly look for improvements
Proficient in MS Office Applications
Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
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