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To manage and optimise the sources and uses of collateral across Cleared Derivatives, Non-cleared Derivatives and Futures Exchanges to achieve minimal collateral drag. Assist in the on-going development across the 3 collateral pillars of visibility, mobilisation and optimisation. CMU is responsible for the enabling of optimisation of collateral costs in Global Markets and improving transparency to both senior management and users. Act as a global subject matter expert and driver of change in respect to collateral related activities and initiatives across CCP’s and OTC Derivative relationships.
Job Responsibility:
Manage the day-to-day trading book for OTC and CCP collateral including execution of repo, reverse repo, securities lending transactions, Spot FX and FX Swaps
Work with stakeholders on posting the cheapest to deliver collateral
Develop and manage a step change in support functions via coaching and monitoring of operational teams to ensure colleagues are equipped with the correct skills, knowledge and tools to perform their role
Support the business in joint ventures
Improve and automate existing processes
Ad-hoc dealing with collateral related queries
Requirements:
Strong understanding of the principals and tools of collateral optimization including current vendors
Mathematical or business-based degree or equivalent
Experience in a front office collateral related discipline such as collateral optimisation or other related trading desk
Experience working in (or with) derivatives business and/or good understanding of derivative pricing and financing products and mechanisms
Dynamic self-starter with the ability to work under pressure and deliver stellar results
Experience of interacting with group stakeholders including senior management, vendors, and external counterparties
Excellent communication and interpersonal skills
Ability to work in a fast-paced, multi-faceted environment
Ability to quickly pivot between tactical and strategic thinking
Quick to identify and escalate risks
Idea generator
Strong communication skills
Ability to follow through on requests
Quantitative mind-set
Basic understanding of the principles and rationale of variation and initial margin
Experience with Bloomberg and advanced Excel user
Strong understanding of future collateral landscape including DLT and tokenization
Nice to have:
CFA or working towards
Strong technical and quantitative skills
Understanding of AI prompting
Strong communication and organizational skills, plus ability to work in partnership with multiple groups on a shared agenda
Independent thinker and ability to build a network to deliver results
Ability to multi-task and manage multiple projects while continuing to deliver on daily requirements
Detailed knowledge of ISDA agreements including CSA
Understanding of GMRA and GMSLA
Strong operational risk mindset
What we offer:
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team