Collateral Analyst - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

LGIM is looking for a Collateral Margin Analyst to undertake all aspects of the Collateral margining process to ensure counterparty risk is effectively managed.

The role will involve liaising with various internal and external stakeholders covering OTCbi-lateral/Repo/OTC Cleared/ETD and Portfolio Reconciliations work streams.

What you'll be doing

Mitigating LGIM exposure risk through the daily collateral margin process across OTC bilateral, OTC Cleared, Repo and ETD.
Actively managing margin calls with counterparts and either formally agreeing or disputing in line with agreement timescales and the internal LGIM escalation procedure.
Booking cash and stock collateral movements within Lombard Colline ensuring instructions are issued to the market in time to meet settlement deadlines.
Managing settlement fails for both cash and stock collateral movements by communicating with counterparts to achieve settlement in a timely manner.
Agreeing interest payments on cash positions with counterparts, ensuring these are posted within Colline and internal accounting systems to ensure timely settlement.
Reviewing TriResolve Trade and Collateral breaks
Establishing strong relationships and work in conjunction with Investment Operations, Custodians, Brokers and Counterparts.
Contributing to developing the crossregionally relationship between London and Chicago offices.

What we're looking for

Strong understanding of:
Key Collateral operational processes e.g. settlements/reconciliation/margin workflow
OTC Derivatives / Repo products
Legal, Credit and Operational risks associated with Collateral
ISDA CSA (NY & English Law) and the 2001 ISDA Margin Provisions
GMRA Margin Provisions
Ability to work to strict deadlines
Proactive approach to work with a focus on improving processes and key controls
Good written and verbal communication skills
Team player who is flexible in their approach to work
Previous use of Vermeg Colline/TLM/Quasar/Swift Alliance/TriResolve/Acadiasoft MarginSphere desirable