Sr Rep, CollateralMgmt/Margins
Posted on: 4 Feb 2021
Orlando, FL
Job Description
Collateral Management - S4 Provides quality service and support to internal and external clients on a daily basis, including monitoring collateral inflows from trade derivatives, facilitating delivery of collateral to appropriate investors and dealers. Handles complex problem resolution. Focuses on moderately-sized, complex accounts. Monitors market movements and processes additions or removals of collateral to or from deals. Confirms trade terms and details. May serve as the intermediary for a trade or provide post-execution trade support and communicate with counter parties (traders, etc.). Sets up medium-sized client accounts, maintains, prepares and reviews client statements. Reviews statements prepared by more junior team members. Maintains relevant paperwork in accordance with departmental policy. Emphasizes regulatory compliance and minimizes exposure related to processing tasks. Investigates and corrects errors in client accounts and statements. Escalates any serious issues to management. Reviews errors escalated by more junior staff and addresses appropriately. Communicates with the Trading Desk and counter parties. Communication responsibilities are sometimes client-facing but usually focused on the clients back office. Liaises with financial control and regulatory reporting staff to ensure integrity of reporting and assesses impact on capital. No direct reports. Trains entry level staff and instructs on performance improvements. Responsibilities are primarily limited to own fulfillment of role requirements but also include providing training and guidance to entry level staff. Focus is on medium-sized, complex accounts.
Qualifications
High school/secondary school or the equivalent combination of education and experience is required. Bachelors degree preferred. 3-5 years of total work experience is preferred. Experience in brokerage processing is preferred. Applicable local/regional licenses or certifications as required by the business.
BNY Mellon
New York, New York
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
-
IndustryBanking/Financial Services
-
No. of Employees49,800
-
Website
-
Jobs Posted1742
