Collateral Management Middle Office Job New York New York USA,Finance & Banking

Location: New York

The primary purpose of this position is to provide direct support for the booking and settlement of collaterals by being proficient in the supporting systems, including GV Collat/COMET/DRACCAR, as well as front office systems such as Orchestrade, Murex FCO, and Helix. Responsibilities include reconciling portfolios in case of discrepancies and preparing MTM reports.

Main tasks of the team:

Margin call management

• Manage margin call notifications, confirmations, and bookings (in GVC) for Repos and OTC derivatives (in Comet) (NY time zone).

• Reconcile portfolios (Repo & Securities Lending) for margin call discrepancies.

• Coordinate bookings and payments/settlements with MOs and BOs.

• Monitor unsettled collateral flows.

• Investigate accounting discrepancies.

Control and reconciliations

• Conduct controls on margin calls, notices exchanged, amounts booked, and stock reconciliation on repos margins.

• Follow up on collateralized and non-collateralized counter party reconciliations, including EMIR OTC derivatives.

• Investigate significant MtM variations, with escalation when necessary.

• Set up or modify contracts in GVC/Draccar based on agreement terms for repos and derivatives.

• Prepare daily reports on discrepancies and disputes.

MtM Client

• Produce MTM client reports and other reports for NY time zone counter parties (daily, weekly, monthly).

• Follow up on DFA daily marks and new reports.

• Manage audit requests.

Projects, processes, and procedures

• Participate in project development, including UAT, with Paris teams.

• Maintain, improve, and develop activities.

• Formalize processes and document procedures.

Transverse activities

• Report activity metrics (KPIs, KRIs) internally and to regulatory authorities.

• Contribute to incident reporting and other processes.

• Support business development through input and analysis for NAP, UAT participation, and system upgrades.

Management and reporting are directed to the Head of Collateral Team. Key internal contacts include Legal, Back/MO Office, Front Office, MaM, Risks, and IT teams.

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