Collateral Analyst

Company: LPX Group
Location: Jersey City
Posted on: June 20, 2022

Job Description:

DAY-TO-DAY RESPONSIBILITIES:The Collateral Management Specialist helps to mitigate credit and regulatory risk to the firm by monitoring exposure levels versus collateral balances. This activity crosses several asset classes, including equities, rates, FX, credit, commodity, fixed income, structured and financing products. Day to day responsibilities include:

Margin call processing:Instruct margin calls, interest calculation, payment/receive orders as per Collateral Documentation.Book collateral movements as agreed with each counterpartyInteract with worldwide SG departments such as FO/MO/BO, Risk, Legal, Compliance and Audit.Take the required action when a counterparty defaultsSelect the best collateral based on the contract terms, the collateral optimization process and the strategies defined by the Front OfficeRaise alert in the event of unusual client activityAttend client meetings to represent OPER and CCRMonitor KPIsDisputes management:Manage the dispute resolution for sensitive clients or large amountsReconcile, investigate and follow up on any trade/MTM discrepancies with clientsCoordinate the dispute resolution either internally or liaising with the client ensuring a remediation plan is in placeEnsure requests are addressed in a timely mannerProcess improvements:Write Procedures (operating modes)Relay to the team any issues found daily to identify and implement process improvementsChampion initiatives for improved client service, process efficiency, control, cost savings, etc.Studies and ProjectsWrite complex procedures and suggest process improvements or new KPIsPerimeter:Assist and/or train collateral analysts
Profile RequiredTechnical Skills:Good knowledge of repo, derivatives and Collateral ManagementStrong analytical, problem-solving and organizational skillsStrong accounting and financial analysis skillsFamiliarity with banking procedures, loan and payment systemsFamiliarity with legal documentation including CSAs, MSFTAs, MRAs Sec Lending agreements and clearing agreements.Excellent organizational and work documentation skillsAbility to maintain an awareness of changing market conditions and the relevant impact on clients.Ability to interact in a mature and professional manner when interfacing with clients, team members and other SG departmentsComputer literate, including Word, Excel, Outlook and Powerpoint
Desired / Plus:Good working knowledge of Lombard Risk's Colline platform
Competencies:Estimates the risks or opportunities of own actions and initiativesConsistently searches for ways to improve client serviceShares relevant client concerns internallySteps forward to provide extra support to team leader and colleaguesApplies procedures and guidelines to ensure client is appropriately servedSeeks opportunities to acquire new knowledge and skillsContributes positively to team processes and tasksOrganizes post-experience debriefs to ensure useful information is sharedPrioritizes work in a dynamic, deadline-focused environment.
Experience Needed:
1-5 years experience in the financial services industry
Experience Desired:
1-3 years direct collateral management experienceExperience directly communicating with external clients
Educational Requirements:
Undergraduate degree in finance or related field

Keywords: LPX Group, Jersey City , Collateral Analyst, Professions , Jersey City, New Jersey