Collateral Risk Manager

3 weeks ago


Johannesburg, Gauteng, South Africa Isilumko Staffing Full time
Job Purpose

As a Collateral Manager, you will be responsible for effectively managing the daily margin/collateral requirements of Standard Bank as prescribed by the various collateral agreements (e.g. ISDA/CSA) signed with counterparties, for OTC trades.

This role will involve working closely with the Global Markets business as well as African Regions with whom there are SLA's in place for the outsourcing of the collateral management function to SA.

Key Responsibilities/Accountabilities

Margin Management and Processing

  • Ensure that all margin requirements are actioned:
  • Generate margin calls, produce delivery notices, action settlements of margin calls.
  • Resolve portfolio discrepancies and dispute management.
  • Generate and send interest statements, settle interest.
  • Resolve queries in a timely fashion.

Risk Mitigation

  • Collateral management with a view to minimize credit and operational risks.

Change Management

  • Ensure operational risks are avoided in successful implementation of Collateral related projects, such as process and system enhancements/automation and regulatory reform.
  • Representation on relevant boards, meetings and engagements to ensure oversight of and correct decision making for and by GMO.
  • Complete relevant testing and comfort to management to be able to sign off on new processes and system enhancements.

Stakeholder Engagement

Foster effective working relationships with stakeholders who are involved in the margining and risk mitigation processes.

Minimum Qualification and Experience

Qualifications

  • Minimum qualification: Undergraduate degree in Financial/Accounting/Investment/Economics.
  • Knowledge of Financial Services preferably within the Collateral Operations environment.
  • Experience in Global Markets and/or Operations, with Africa Regions experience advantageous.
  • In-depth knowledge of Global Markets products.

Preferred Qualification

Relevant Financial Markets certification beneficial.

Experience

  • Experience required: 1-2 Years in Job Function: Global Markets, Job Family: Transaction and Account Processing.

Experience preferred: Job Function: Risk Management.



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