financial
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Role Summary:
You will be responsible for the daily margining activities across the Fixed Income Repo and Discretionary lending business (Central Funding Group). The purpose of the role is to ensure that transactions undertaken by the Central Funding Group (CFG) are fully collateralised, covering both their bilateral and Triparty arrangements. This function sits within the wider collateral management team within the Business & Client Services (BCS) team.
Responsibilities:
- To ensure all CFG clients and counterparties are fully collateralised and marked to market across all entities in accordance with the GMRA/GMSLA or other relevant legal agreement.
- Act as a point of contact for the CFG desk in relation to collateral questions
- Agree and manage both bi-lateral and Tri-party margin calls.
- Monitor and manage the instruction and settlement of both Bilateral and triparty settlements.
- Participate in portfolio reconciliation with counterparties when a margin dispute arises.
- Investigate margin settlement fails and liaise with both external clients and internal teams to reach a resolution.
Must-have:
- A good understanding of Equities, Fixed Income, Triparty and basic trading strategies
- A strong working knowledge of the main Tri-party agents.
- Excellent understanding of Securities Borrowing and Lending and Repo processes.
- Nostro and Depot reconciliation experience
- Previous proven experience of developing STP solutions- A broad knowledge of one or more regulatory regimes, including CASS, Transaction Reporting, MiFID II, EMIR.
- Be able to deal with Front Office and client demands.
- Be able to work well under pressure and the ability to work well as an individual and as a team.
Nice-to-have
- Experience of implementing new systems
- Advanced Microsoft VBA Excel skills
- An understanding of the main legal terms in the GMRA and GMSLA that govern the margining process.
- Experience with vendor platforms such as Pirum, Equilend and TriResolve
- Proficient in FIS APEX, GLOSS and Acadia Margin Manager
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
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