State Street Corporation is seeking an Assistant Vice President for Collateral Management, focusing on mitigating credit risk through cash and securities exchanges with counterparties. The ideal candidate will have a strong background in collateral management, including experience with margin calls and regulatory requirements
Job Summary
Collateral management main focus is to reduce credit risk by exchanging eligible cash or securities between counterparties.
As Assistant Vice President you will manage collateral client legal & technical setup, process daily margin calls, and investigate fails.
You will hold authority to hire, discipline, control work, terminate employment, promote, and increase salary/bonus for direct reports and broader team.
Matching Summary
Match Score: 85
State Street Corporation is seeking an Assistant Vice President for Collateral Management, focusing on mitigating credit risk through cash and securities exchanges with counterparties. The ideal candidate will have a strong background in collateral management, including experience with margin calls and regulatory requirements.
Skills & Requirements
Must-have
Collateral Management experience
MTM calculations
Margin calls processing
Client legal & technical setup
Reconcile collateral balances
Investigate and solve discrepancies
Risk escalation chain
Nice-to-have
Rudimentary global financial industry knowledge
Engaged work environment creation
Flexible work-life support
Key Requirements
Experience in Collateral Management
Knowledge in calculations based on MTM
Knowledge in sending Margin calls
Deeper understanding of Regulatory IM, Variation Margin, CSA & CCAT
Good working knowledge of Colline, ACADIA, Cassini
Certification on NCFM / CISI
Knowledge on Macros, SQL & MS Access Database queries