SUMMARY OF POSITION
The Collateral Manager is responsible for overseeing the management and optimization of collateral assets within the organization. This role includes ensuring compliance with collateral agreements maintaining collateral reporting systems and mitigating risks associated with collateral transactions. The Collateral Manager will work closely with various teams including finance risk management and legal to ensure that collateral processes align with organizational goals and regulatory requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Collateral Management
Oversee the daily management optimization and reconciliation of collateral across multiple portfolios.
Risk Mitigation
Assess and manage risks related to collateral by ensuring that proper policies procedures and controls are in place.
Regulatory Compliance
Ensure that all collateral processes and transactions comply with relevant regulations including Dodd-Frank Basel III and other applicable laws.
Team Leadership
Manage and mentor a team of analysts providing guidance and support to ensure accurate and timely collateral reporting.
Stakeholder Communication
Collaborate with internal stakeholders such as finance legal risk management and external counterparties to resolve collateral discrepancies and improve collateral processes.
Reporting
Develop prepare and distribute detailed reports on collateral positions valuations and trends to senior management and stakeholders.
Process Improvement
Identify opportunities for streamlining and improving collateral management processes enhancing operational efficiency and accuracy.
Dispute Resolution
Manage and resolve any disputes related to collateral working with legal teams and external parties as needed.
Data Management
Oversee the accuracy and maintenance of collateral data ensuring it is up-to-date and reflective of contractual agreements.
Other duties as required.
EXPERIENCE SKILLS KNOWLEDGE
Bachelors degree in finance economics accounting or a related field preferred.
5 years of experience in collateral management risk management or related financial services roles.
Proven leadership experience with the ability to manage a team and collaborate across departments.
Strong understanding of financial regulations including Dodd-Frank Basel III and ISDA.
Proficiency in Microsoft Excel financial software and collateral management systems.
Excellent analytical and problem-solving skills with a high degree of accuracy and attention to detail.
Strong verbal and written communication skills.
Ability to work in a fast-paced environment and manage multiple priorities.
PHYSICAL DEMANDS
While performing the responsibilities of the job the employee is required to talk and hear. Vision abilities required by the job are close vision. The employee is often required to sit and use their hands and fingers to handle feel and operate office equipment such as a computer copier and office supplies. Ability to lift up to 10 pounds if necessary. Occasional travel may be required for regulatory meetings audits or compliance training.
In addition the employee is occasionally required to stand walk reach with their arms and hands and to stoop kneel or crouch. Reasonable accommodations can be made to enable employees with disabilities to perform the described essential functions of the job.
Note
This document describes the minimum essential duties responsibilities skills abilities effort and working conditions of the position. It in no way implies that these are the only functions to be performed by the incumbent. Workers are required to follow any other job-related instructions and to perform any job-related functions requested by a supervisor or manager. Successful performance requires that the incumbent possess and utilize the abilities and skills described. All functions are subject to reasonable modification to accommodate individuals with disabilities. Some functions may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or others.
Equal Opportunity Employer