Collateral Valuations Control Manager, USA-NY-New York City
Collateral Valuations Control Manager
Company:
Sharp Decisions, Inc.
Location:
USA-NY-New York City
Remuneration:
$90,000 - $105,000 + bonus
Position Type:
Permanent
Employment type:
Full time
Updated:
06 Oct 2009
eFC Ref no:
576546
5 years Collateral Management experience
Proven leader minimum of 3 years of supervisory / management experience
Excellent understanding of ISDA CSA and other margin related documentation
In depth knowledge of OTC derivative products and valuations
Detailed knowledge of cash & non-cash settlement processes
Description The incumbent will manage a team of 4 with responsibility for all aspects of the functions described above and should have strong people and process management experience specifically related to Collateral Management and Client Valuations. The ideal candidate will identify and initiate enhanced controls and efficiencies through process reengineering, automation, offshoring etc. The manager, as part of a global team, will be expected to contribute to the strategy of the group identifying and prioritizing global enhancements
Primary Responsibilities/Essential Functions:
Proactively manage all data in the Collateral Management and Client Valuations systems:
Static data management including margin agreement terms and client profiles
OTC and Repo trade populations
Market data – fx rates, interest rates etc
Interest calculations
Manage the end-to-end reconciliation and investigation process related to:
Cash and non cash collateral balances
Interest accruals, receipts and payments
Collateral movements
Counterparty portfolio trade reconciliations via TriResolve
Cash and non cash collateral balances
Interest accruals, receipts and payments
Collateral movements
Counterparty portfolio trade reconciliations via TriResolve
Initiate root cause analysis to eradicate data issues
Review the current processes, identify control gaps and potential improvements and reengineer to address the issues
Develop relationships with business heads and address data issues, arrange prioritization of feed development etc
Reporting responsibilities including KRI’s, MI etc
Participate in Industry initiatives and key strategic Collateral & Valuations Projects
Manage the Transaction Approval and Product Due Diligence process related to Collateral and Valuations
Reviewing and partnering with our offshore team in Kuala Lumpur to ensure the service provided by this team is accurate and efficient
Foster and build good relationships with other support functions (i.e. Credit Risk Management, Product Control, Legal, Documentation and Operations)
