Collateral Management Associate

Posted 2 days ago

jefferiesJersey City (NJ)

SENIORITY

Mid

SALARY

$90,000-$100,000

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About the role

Jefferies OTC Collateral Management Position: Collateral Associate The candidate for the Collateral Associate position must exhibit a strong understanding of Collateral Management Operations and its application to the CFTC and SEC bilateral Non-Cleared Swap transactions by carrying out Jefferies Policy and Procedures in conjunction with ISDA best practices. The Collateral Management team is responsible for the margining of the following business streams: Repo FinanceOTC Swaps (CFTC Covered, SEC Security Based Swaps and OTC Options)TBA-Covered Agency (Forward Settling transactions)The Collateral Associate will be responsible for daily processing of OTC Swap, Repo and TBA Collateral Call issuance as well as confirming and processing of Anticipated Demands for Counterparty Collateral. In addition, the Collateral Associate will initiate collateral transfer payments and receipts for Liquidity Management, month-end Collateral Interest processing, and portfolio reconciliation. The candidate should have exposure and understanding to the following derivatives products: Foreign ExchangeFX OptionsIR Swaps Credit Default Swaps (single name)Credit Default Index (CDX)Total Return Swaps Equity SwapsOTC Equity Options Must be a team player able to work in a fast-paced environment and provide excellent service to internal and external customers; exposure to Smartstream TLM Collateral, Acadia Soft, Tri Optima tri Resolve, and Broadridge is a plus. Should exhibit excellent interpersonal and PC skills.
Location: Jersey City Salary Range: $90,000-$100,000

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