Collateral Operations Associate Job Description Template
Our company is looking for a Collateral Operations Associate to join our team.
Responsibilities:
- Work closely with key stakeholders to investigate and resolve both cash and securities investigations;
- Work with internal teams to set up client SSI instructions;
- Involvement in ad hoc projects for new processes or industry initiatives;
- Liaising with other internal departments including Onboarding, Risk, Client Service and Account Management;
- Investigate and recalculate clients margin calls as and when revaluations are required;
- Work closely with key stakeholders to ensure the day to day Collateral Process is conducted;
- Ownership of Key Performance Indicators including bank account reconciliation items, collateral fails and FX breaks;
- Build and maintain key relationships with both external and internal clients;
- Understand and monitor risk across Bank of America portfolio of clients;
- Monitor the Margin requirements arising from the trading activities of our clients;
- Account profiling;
- Investigate, explain and resolve client queries on Interest calculations;
- Agree and co-ordinate required FX conversions for clients;
- Authorisation of release of equity from client accounts (both cash and free of payment stock);
- Inform and agree clients of cash and collateral movements on a daily basis, processing to minimise risk whilst providing high levels of client service.
Requirements:
- Commitment to challenging the status quo and promoting positive change;
- Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world;
- Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner;
- Ability to identify gaps in a process and to question tasks performed;
- Degree educated or equivalent experience;
- Ability to work under pressure in a team environment;
- An appreciation of operational risk and internal audit processes;
- Excellent communication skills;
- Excels in working among diverse viewpoints to determine the best path forward;
- Previous experience within a collateral management team;
- Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions;
- Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base.