Collateral Management Analyst

1 week ago

Montreal, Quebec, Canada GBTO Full time $60,000 - $120,000 per year

Skills and Qualifications:

Technical Skills & Competencies:

Strong knowledge in Investment Banking & Capital Markets (Knowledge on repo, derivatives, Collateral Management, including legal documentation such as CSAs, MSFTAs, MRAs Sec Lending agreements, and clearing agreements will be an added advantage).Excellent analytical, problem-solving, organizational, accounting, and financial analysis skills, with the ability to maintain awareness of changing market conditions and their impact on clients.Proficient in interacting with clients, team members, and other SG departments in a mature and professional manner, with strong computer skills including Word, Excel, Outlook, and PowerPoint.Highly numerate, detail-oriented, and possessing strong analytical skills, with the ability to estimate risks or opportunities of own actions and initiatives, apply procedures and guidelines, prioritize work in a dynamic, deadline-focused environment, and seek opportunities to acquire new knowledge and skills.Collaborative work style, effectively interacting with partners across organizational boundaries/hierarchies, creating and sustaining a network of strong client relationships, demonstrating strong influencing, negotiating, facilitation skills, and exhibiting a team-player attitude to create synergy in a team environment.

 

Prior Work Experience:

Required\: 1-5 years of experience in the financial services industry

Strong Plus\:

Good working knowledge of VERMEG's Colline platform

Education\: BS degree in Finance and/or Business

 

Languages\: French, English

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

ABOUT THE JOB:

The aim of Global Banking Technology & Operations (GBTO) Canada is to deliver day-to-day services to Société Générale investment and corporate bank units and their clients to accelerate their transformation. GBTO differentiates itself from competitors with the pace of the agile transformation delivered, spreading the technology and data culture, shortening the decision-making process, and adopting a true industrial approach, leveraging on different teams either transversal or aligned to the different sub business units.

The Operations Department ensures the operational processing and control of activity across all Global Banking and Investor Solutions ("GBIS") business lines (Capital Markets, ex-Newedge & Financing). GBTO implements all necessary means to ensure the operational, administrative, and financial processing of capital markets and credit operations initiated by these business lines. In addition, GBTO ensures the control and security of transaction processing in accordance with current financial regulations while acting as the first level of control on operations and booking quality. GBTO provide all necessary support during the lifecycle of the transaction, perform Know Your Customer processing, and provide general client relationship management. GBTO also acts to steer the evolution of regulatory projects and controls our external service providers.

The Counterparty Collateral Management team works to reduce counterparty risk by negotiating and administering collateral annex provisions for all master agreements (derivatives, repo, securities lending, clearing, prime brokerage, etc.). The collateral annex defines the acceptable collateral, calculation rules for each asset type, how custodial relationships are handled, and what actions are to occur during an event of a default or other termination event.  

 

What will be your DAY-TO-DAY?

The Collateral Management Specialist helps to mitigate credit and regulatory risk to the firm by monitoring exposure levels versus collateral balances. This activity crosses several asset classes, including equities, rates, FX, credit, commodity, fixed income, structured and financing products. Day to day responsibilities include:

Margin Call processing:

Instruct margin calls, interest calculation, payment/receive orders as per Collateral Documentation.Book collateral movements as agreed with each counterparty.Interact with worldwide SG departments such as FO/MO/BO, Risk, Legal, Compliance and Audit.Take the required action when a counterparty defaults.Select the best collateral based on the contract terms, the collateral optimization process, and the defined strategies.Raise alert in the event of unusual client activity.Attend client meetings to represent the collateral activity.Monitor KPIs.

Disputes management:

Manage the dispute resolution process.Reconcile, investigate, and follow up on any trade/MTM discrepancies with clients.Coordinate the dispute resolution either internally or liaising with the client ensuring a remediation plan is in place.Ensure requests are addressed in a timely manner.

Process Improvements:

Write Procedures (operating modes).Relay to the team any issues found daily to identify and implement process improvements.Champion initiatives for improved client service, process efficiency, control, cost savings, etc.

 

Perimeter:

Assist and/or train collateral analysts.Work in a worldwide organisation.

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