Collateral Analyst

The Collateral Analyst is responsible for overseeing daily collateral operations across OTC derivatives, futures, and financing products, ensuring accurate and timely margin calls, settlements, and reconciliations. This role involves managing collateral relationships with counterparties and custodians, performing detailed reconciliations, maintaining collateral data within internal systems, and supporting system and workflow enhancements.

Primary Duties And Responsibilities

• Oversee daily collateral operations across OTC derivatives, futures, and financing products, ensuring accurate and timely margin calls, settlements, and reconciliations
• Independently manage collateral relationships with counterparties and custodians, including escalation and resolution of margin disputes
• Perform detailed reconciliations of collateral balances and exposure reports, identifying discrepancies and driving resolution through to completion
• Maintain and enhance collateral data within internal systems, including legal agreement terms and margin parameters
• Review, validate, and instruct collateral movements in accordance with ISDA/CSA and other governing agreements
• Partner with Investment Teams, Trading, Risk, Legal, and Technology teams to support onboarding and process enhancements
• Identify opportunities to improve workflows, increase automation, and strengthen controls
• Support audits, regulatory inquiries, and internal reporting

Desired Skills And Experience

• 5+ years of industry experience with 3+ years in collateral management, derivatives operations, or a related function
• Strong understanding of variation margin (VM), initial margin (IM), and margin methodologies
• Working knowledge of ISDA/CSA, GMRA, and related legal documentation
• Proven ability to independently manage margin processes and resolve disputes
• Experience analyzing and resolving valuation disputes with internal and external stakeholders
• Familiarity with regulatory requirements such as Uncleared Margin Rules
• Strong understanding of investment fund operations, including custody and fund accounting workflows and their impact on NAV
• Working knowledge of coupon/income accruals
• Excellent analytical and problem-solving skills
• Excellent communication skills
• Strong ownership mindset with focus on process improvement and efficiency
• Experience contributing to system enhancements or automation initiatives preferred
• Direct experience with Aladdin’s collateral management functionality is required
• Knowledge of systems such as Acadia MarginSphere, TriResolve, and TradeServ
• Working knowledge of SWIFT messaging

Pay

This position is eligible for a discretionary annual bonus award, which award may be determined by individual, team, department and firm performance, and is subject to the terms of GMO’s compensation plan. The salary range for this role is $90,000 - $105,000 per year, and this position is benefits eligible.

Benefits

• Medical insurance
• Dental insurance
• Life insurance
• Long-term disability coverage
• A 401(k)/profit-sharing retirement plan
• Open paid time off
• Leaves of absences
• Dependent care resources
• Tuition reimbursement
• Charitable gifts matching
• Flexible spending accounts
• Commuter benefits

Equal Opportunity Employer

We are committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law. GMO will not offer visa sponsorship for this opportunity.