Collateral Associate

About the role

The Collateral Associate will work within the Collateral Management team, responsible for margining Repo Finance, OTC Swaps (CFTC Covered, SEC Security Based Swaps, and OTC Options), and TBA-Covered Agency transactions. The role involves daily processing of collateral calls, confirming and processing anticipated counterparty collateral demands, initiating collateral transfer payments and receipts for liquidity management, month-end collateral interest processing, and portfolio reconciliation.

Responsibilities

• Daily processing of OTC Swap, Repo, and TBA collateral call issuance.
• Confirming and processing anticipated demands for counterparty collateral.
• Initiating collateral transfer payments and receipts for liquidity management.
• Month-end collateral interest processing.
• Portfolio reconciliation.

Requirements

• Strong understanding of collateral management operations and its application to CFTC and SEC bilateral non-cleared swap transactions.
• Exposure and understanding of the following derivatives products:
  • Foreign Exchange/FX Options
  • IR Swaps
  • Credit Default Swaps (single name)
  • Credit Default Index (CDX)
  • Total Return Swaps
  • Equity Swaps
  • OTC Equity Options
• Ability to work in a fast-paced environment and provide excellent service to internal and external customers.
• Excellent interpersonal and PC skills.

Qualifications

Exposure to Smartstream TLM Collateral, AcadiaSoft, TriOptima triResolve, and Broadridge is a plus.

Pay

Full-time salary range of $90,000–$100,000.

Benefits

• Comprehensive benefits package including:
  • Medical, dental, and vision coverage
  • 401(k)
  • Life, accident, and disability insurance
  • Wellness programs
• Annual discretionary incentive and retention bonus.
• Paid time off packages including:
  • Vacation
  • Sick leave
  • Paid holidays
• Paid parental leave for full-time employees.

Schedule

Full-time position (30+ hours per week). Primary location: Jersey City.