Collateral Risk Manager
1 month ago
We are seeking a skilled Collateral Manager to join our team at Isilumko Staffing. The successful candidate will be responsible for effectively managing the daily margin/collateral requirements of Standard Bank as prescribed by the various collateral agreements signed with counterparties, for OTC trades.
Key Responsibilities- Margin Management and Processing
- Ensure that all margin requirements are actioned, including generating margin calls, producing delivery notices, and actioning settlements of margin calls.
- Resolve portfolio discrepancies and manage disputes in a timely and efficient manner.
- Generate and send interest statements, and settle interest as required.
- Respond to queries and provide timely resolutions.
- Risk Mitigation
- Collaborate with stakeholders to minimize credit and operational risks associated with collateral management.
- Change Management
- Ensure operational risks are avoided during the implementation of collateral-related projects, such as process and system enhancements/automation and regulatory reform.
- Represent the team on relevant boards, meetings, and engagements to ensure oversight and correct decision-making.
- Complete relevant testing and provide comfort to management to sign off on new processes and system enhancements.
- Stakeholder Engagement
- Foster effective working relationships with stakeholders involved in margining and risk mitigation processes.
- 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.
- Experience
- Job Function: Global Markets.
- Job Family: Transaction and Account Processing.
- Years: 1-2 Years.
Preferred Qualification
Relevant Financial Markets certification beneficial.
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