Collateral Management Middle Office

The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts, with management systems varying between COMET/DRACCAR for derivatives and bond repos, APEX for bond lending/borrowing, and SFCM for equity lending/borrowing. It is also in charge of reconciling positions with counterparties, monitoring and escalating issues regarding counterparties with discrepancies or unusual counterparty behaviors, and executing and monitoring reporting, particularly MtM (Mark-to-Market) reports. Principales taches de lquipe :

1) Capture of collateral contract terms
Configuration of collateral contracts in management tools
Management of the collateral contract lifecycle (amendments, closures, modifications, etc.)
Participation in collateral contract negotiations in case of non-convergence with our standards
Ensure completeness of configurations through reconciliations between management systems and the legal database

2) Margin call management
Notification, confirmation and booking of margin calls in COMET for bond repos and OTC derivatives, in APEX for bond SLB and in SFCM for equity repos and SLB (NY time zone)
Contact with Front Office to borrow securities posted as collateral
Coordination with BO payment teams for margin call settlements
Analysis, monitoring and resolution of payment suspense items (cash and securities)
Analysis of collateral balances
Coverage of non-standard collateral operations (Secured Deposits, Secured Notes, Secured Loans, etc.)

3) Controls and reconciliations
Margin call controls: Notifications sent, amounts booked in the tools
Margin call reconciliation
Implementation of regulatory reconciliations in management tools for uncleared OTC Derivatives (COMET/Trioptima)
Execution of portfolio reconciliations in Trioptima and EXCEL (regulatory and in case of margin call disputes)
Investigation of significant MtM variations and breaks identified in reconciliations (MtM or inventory discrepancies)
Daily reporting and monitoring of discrepancies and disputes detected

4) MtM Reporting
Sending of MtM reports for NY time zone clients (Daily, weekly or monthly)
Monitoring of DFA daily marks operations/clients
Management of audit requests on market operations

5) Projects, processes and procedures
Participate in improvement projects in collaboration with Paris teams (including UAT)
Formalize and document the various processes

6) Transverse
Reporting activities (Internal–KPI, KRI – External to regulatory authorities/Market surveys)
Incident reporting process
Business development: provide opinions/analyses on NAPs, participate in UATs (system upgrades, new products, etc.)
Management of requests received from clients/other CACIB departments and escalation of any atypical request/situation

Management and Reporting:
Reports to the Head of Collateral Team

Key Internal Contacts
Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams.

Key External Contacts
Clients' collateral departments (Banks, Hedge Funds, Insurances, Corporates)

SPECIAL ROLE REQUIREMENTS:

Required :
Customer service orientation
Good communication skills (verbal/written)
Good knowledge of office tools (Word, Excel, VBA)
Proactivity
Organizational skills, methodical approach, rigor, priority management
Active listening skills and ability to step back
Strong knowledge of Collateral operations

Desired :
Knowledge of Trioptima
Understanding of legal matters and Collateral contracts
Understanding of activities related to OTC derivatives/Repo/Securities lending and borrowing
Team spirit/ability to make proposals

ESSENTIAL

DESIRABLE

Qualifications/Education Required:

Bachelor Degree / BSc Degree or equivalent

Experience Required:

6-10 years

Specialist Training Required

Approved Person Registration

Competencies Required:

English (French is a plus)

Experience with collateral processes required.

Understanding of
Reconciliations preferred

Skills & Knowledge Requirements

Client Relationship management
Strong Verbal and written communication skills
Strong knowledge of Excel

Any other relevant information

Preferred:

Understanding of Legal issues and legal documentations pertaining to Collateral

Understanding of derivatives /repos equity activity

Capacity to cooperate / ability to propose improvement