Collateral Manager

2 weeks ago


Johannesburg, Gauteng, South Africa Isilumko Staffing Full time

Job Purpose

  • To effectively manage the daily margin/collateral requirements of Standard Bank as per collateral agreements with counterparties for OTC trades.
  • The Collateral Management function supports Global Markets business and African Regions with SLA's for outsourcing collateral management to SA.

Key Responsibilities/Accountabilities

Margin management and processing

  • Ensuring all margin requirements are actioned:
  • Generating margin calls, Producing delivery notices, Settling margin calls.
  • Resolving portfolio discrepancies & Managing disputes.
  • Generating and sending interest statements, settling interest.
  • Resolving queries promptly

Risk mitigation

  • Managing collateral to minimize credit and operational risks.

Change management

  • Avoiding operational risks in implementing Collateral projects, process/system enhancements/automation & regulatory reform.
  • Participating in boards, meetings, and engagements to ensure GMO oversight & decision-making.
  • Conducting testing for new processes/system enhancements.

Stakeholder engagement

Fostering relationships with stakeholders involved in margining & risk mitigation.

Minimum Qualification and Experience

Qualifications

  • Minimum Undergraduate degree in Financial/Accounting/Investment/Economics
  • Knowledge of Financial Services, preferably Collateral Operations.
  • Experience in Global Markets and/or Operations, Africa Regions experience beneficial
  • In-depth knowledge of Global Markets products

Preferred qualification: Relevant Financial Markets certification beneficial

Experience

  • Global Markets experience required in Transaction and Account Processing
  • 1-2 Years experience

Preferred experience in Risk Management


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