Derivative Collateral Management Analyst (contract)
Wells Fargo · Charlotte, NC · 2 wk ago
SalesContract
Title: Derivative Collateral Management Analyst Location: 550 S Tryon St Charlotte, NC Duration: 12 months Work Engagement: W2 Work Schedule: 3 days in office/2 days remote Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits Summary: We are seeking a detail-oriented Derivative Collateral Management Analyst to support collateral and margin management activities across a portfolio of derivative products. This role is responsible for mitigating counterparty risk through the accurate review, validation, and resolution of margin call disputes while partnering with internal stakeholders and external counterparties. The ideal candidate will possess strong analytical skills, a collaborative mindset, and experience working in a fast-paced financial services environment. Responsibilities: Compare trade position files from external counter-parties to resolve timely margin call disputesPerform trade decompositions to validate current mark-to-market exposuresReview and present collateral margin calls and respond to the demands submitted by our counterpartiesWork with internal departments (various Middle Offices, Documentation, Marketers, Legal, Credit) to resolve all discrepanciesProduce and distribute ad-hoc reporting requirements to clients and internal partnersCross-train future staff members to assist and independently perform daily Derivative Collateral Management margin responsibilitiesConsistently seek opportunities to improve processes, controls and procedures within the Collateral Management teamPartner with the project team to develop requirements for system enhancements and assist with user acceptance testing Qualifications: Applicants must be authorized to work for ANY employer in the U.S. This position is not eligible for visa sponsorship.At least one year experience in capital markets industry or equivalent. Experience in derivatives operations, collateral management, margining, risk management, treasury, or financial services operations.Strong understanding of OTC and/or exchange-traded derivatives.Experience analyzing mark-to-market valuations and exposure calculations.Excellent analytical, problem-solving, and reconciliation skills.Strong communication skills with the ability to interact effectively with internal and external stakeholders.Advanced proficiency in Microsoft Excel and reporting tools.Ability to manage multiple priorities and meet tight deadlines in a dynamic environment.Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, or a related field.FINRA Series 7 license (preferred)Familiarity with tableau - (team will build reporting off data)Knowledge of FX products, collateral, fixed income products, swaps experience, accounting, equity FX background, general ledger, client facing experience etc.C36Knowledge of and possess ability to interpret executed International Swaps and Derivatives Association Master Agreements (ISDA) and Credit Support Annex (CSA). (preferred)MSFTA and GMRA documentsExperience with collateral management, margining, or risk systems.Familiarity with regulatory requirements impacting derivatives and collateral processes.Experience participating in system implementations, testing, or process improvement initiatives.Strong analytical skills with high attention to detail and accuracySelf-starter and aggressive work ethic with self-discipline follow up skills