Description:
Job Purpose
To effectively manage 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. The Collateral Management function currently supports the Global Markets business as well as those 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
Ensuring that all margin requirements are actioned: Generating margin calls, Producing delivery notices, Actioning settlements of margin calls. Resolving portfolio discrepancies & Dispute management. Generating and sending interest statements, settling interest. Resolving queries in a timely fashion
Risk mitigation
Change management
Stakeholder engagement
Foster effective working relationships with stakeholders who are involved in the margining & risk mitigation processes.
Minimum Qualification and Experience
Qualifications
Minimum qualification 1 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 productsPreferred qualification 1 Relevant Financial Markets certification beneficial
Experience
Experience preferred 1 Job Function: Risk Management
05 Jul 2023;
from:
gumtree.co.za