Collateral Specialist
Date Posted: 16/10/2024
Location: Reigate
Job Type: Full time
Apply NowAbout the role
We are looking for a Collateral Specialist to manage the daily collateral activity for CSA variation margin and initial margin, repo and longevity reinsurance for Just Group. This covers approximately 25 counterparties with 40+ collateral agreements.
Responsibilities
Processing of daily derivative collateral margin calls (variation margin and initial margin), repo margin calls and less frequent reinsurance collateral movements
Monitoring of substitutions required for collateral positions pledged
Daily reconciliation of derivative positions within TriResolve, identifying and resolving differences and breaks
Monthly interest processing on cash balances
Continuously look to challenge and improve existing processes
Take ownership of counterparty/internal queries in shared mailbox
Perform monthly reporting to assist with preparation of Asset and Liability Committee (ALCO) report
Ensure process documentation is kept up to date
Skills & Experience
Must have relevant collateral management experience
Portfolio reconciliation experience is desirable
Good knowledge of derivative instruments, cash and securities collateral requirements and trade lifecycles
Knowledge of rates, credit, FX and exchange-traded derivatives and corporate/government bonds is desirable
Experience using TriResolve highly desirable
Knowledge of repo and reinsurance agreements would be advantageous
Strong verbal and written communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels
Intermediate/advanced level of experience with Microsoft Excel
Strong analytical, problem-solving skills and a good application of financial controls
Company Benefits
A Competitive Salary, Pension Scheme and Life Assurance
Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
Private Medical Cover and Income Protection, just in case
A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
Opportunity to progress within your career both in-role and within the company
FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
A variety of Employee Funded Benefits available to you via our Online Benefits Portal
Plus, several additional purchase options available for you and your loved ones