Collateral Operations Manager
1 month ago
Covenant Consultants is seeking an experienced professional to lead the margining, port recs & dispute management team within our Core Processing team vertical. The successful candidate will provide direction and leadership in managing the priority, productivity, and accuracy of day-to-day operations.
Responsibilities- Oversee the daily reconciliation of OTC collateralized trades (under ISDA/CSA) and ensure the fast and accurate correction of identified discrepancies.
- Ensure all margin calls notifications are issued as per the CSA guidelines to clients and disputes are settled within a reasonable timeframe.
- Monitor and ensure production quality in terms of KPI & KRI are in line with global standards and cash breaks are under control.
- Collate and report KRIs for CCR that provides clarity of the Volume, Notification time, SLA, Incidents to stakeholders and management levels on a daily, weekly, and monthly basis.
- Ensure timely and accurate delivery of various reporting tasks performed/generated using internal tools and TriOptima.
- Ensure all manual recs are performed accurately and in-line with the process requirements and breaks (if any), are escalated and reported appropriately.
- Ensure all ageing breaks and disputes are actioned in a timely manner by coordinating with appropriate business partners (TSU, MACC, CCR on-shore, etc.).
- Identify and monitor operational risks for critical functions within CCR and make systematic reporting to all stakeholders. Ensure that relevant controls are implemented and performed timely.
- Ensure strict adherence to internal and external process guidelines including compliance and legal to build and maintain a robust production and control environment.
The ideal candidate will have a good understanding of collateral business and regulations, excellent knowledge of OTC derivatives products, and excellent analytical skills. They will also possess good communication skills, autonomy, pro-activity, and the ability to work in a transversal and complex environment.
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