Collateral Management Associate - Middle Office.The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that su
Permanent
Contract type
Permanent Contract
Job summary
The primary purpose of this position is to provide direct support to the booking and settlement of collaterals by being versed in the systems that support these operations. These systems include GV Collat/COMET/DRACCAR, as well as front office systems (Orchestrade, Murex FCO, Helix, etc). Reconciliations of portfolios have to be done in case of discrepancies with the counterparty and MTM reporting need to be sent.
Main tasks of the team
1) Margin call management
- Margin call notification, confirmation and booking (in GVC) for Repos and OTC derivatives(in Comet) (NY time zone)
- Reconcile portfolios (Repo & Securities Lending) when discrepancies on margin call
- Coordination of booking and payments/settlement with MOs and BOs.
- Follow unsettled collateral flows
- Investigate on accounting discrepancies
2) Control and reconciliations
- Controls on margin calls: notices exchanged, amounts booked in GVC/Comet, stock reconciliation on repos margins
- Follow up in TriOptima or manual reconciliations for collateralized and non collateralized counterparties (EMIR) -OTC derivatives-
- Investigation on significant MtM variations, with escalation process if needed
- Set up (creation or modification) of contracts in GVC/Draccar depending on agreement terms for repos and derivatives
- Daily Reportings on discrepancies and disputes
3) MtM Client
- Producing MTM Client reporting and reports for NY time zone counterparties (daily, weekly or monthly reports)
- Follow up of DFA daily marks (check, new reports)
- Management of audit requests
4) Projects, process and procedures
- Participate to projects development with Paris (including UAT)
- Formalizing processes and documenting procedures
Activity reporting (internal - KPI, KRI - and external - to regulatory authorities/Market surveys)
Contribution to ePCC, Incident reporting processes
Business development: provide input/analysis in the NAP, participate in UAT (system upgrades, new products...).
Management and Reporting
Reports to the Head of Collateral Team
Key Internal Contacts
Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams.
Geographical area
America, Canada
City
MONTREAL
Bachelor Degree / BSc Degree or equivalent
Bachelor Degree / BSc Degree or equivalent
Level of minimal experience
6-10 years
Experience
- Experience with collateral processes required.
- Understanding of Reconciliations preferred
Required skills
- Client Relationship management
- Strong Verbal and written communication skills
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Avocat(e), droit du travail et de l’emploi | Associate, Employment & Labor Law in Montréal employer: Stikeman Elliott LLP
Stikeman Elliott is an exceptional employer that prioritizes professional growth and a collaborative work culture in the heart of Toronto. As the Director of Revenue Operations, you will not only lead strategic initiatives but also have access to continuous learning opportunities and a supportive team environment that values innovation and excellence. Join us to make a meaningful impact while enjoying competitive benefits and a dynamic workplace.
