Job Description
Job Description
Robert Half Financial Services are currently recruiting for Collateral Operations Manager role for a $40+bn AUM Investment and Trading firm based in midtown Manhattan New York. Our client requires 7+ years Collateral Management experience within Asset Management or a Bank, with strong knowledge of Swaps/Swap contracts and Uncleared Margin Rules (UMR). Strong technical skills with System Implementation and Process Improvement experience required. The role is initially 5 days per week in the midtown Manhattan office, with potential to reduce to 4 days after settling in.
We are seeking a highly motivated Collateral Operations Manager with a unique blend of Uncleared Margin Rules (UMR) expertise, BNY Collateral Management and Order Management System (OMS) operations experience. You will play a pivotal role in ensuring the efficient, compliant, and technologically driven management of collateral for our Exchange Traded Funds (ETFs), navigating the complexities of UMR within an automated OMS environment.
Responsibilities
- Manage the collateralization process for ETF creations and redemptions, adhering to industry standards, internal procedures, UMR requirements, and leveraging the capabilities of the OMS
- Analyze collateral levels, haircuts, and initial margin requirements under UMR within the BNY Collateral Management system and OMS framework to ensure sufficient coverage and risk mitigation
- Maintain accurate records of all collateral holdings, transactions, variation margin calls, and OMS activity
- Reconcile collateral positions with counterparties, ensuring timely settlements and variation margin exchanges through the OMS
- Collaborate with trading desks, portfolio managers, custodians, legal teams, and IT to integrate UMR compliance into operations
- Stay abreast of regulatory updates related to UMR and collateral management
- Identify and implement strategies to optimize collateral usage and reduce costs utilizing the functionalities of UMR, BNY Collateral System and the OMS
- Manage the settlement process of domestic equites
- Participate in the development and implementation of new collateral management strategies
Qualifications
- 7+ years Collateral Management experience within Asset Management or a Bank
- Strong knowledge of Swaps/Swap contracts and Uncleared Margin Rules (UMR)
- Strong technical skills with System Implementation and Process Improvement experience required
- In-depth understanding of UMR regulations and impact on ETF operations within an automated OMS environment
- Deep experience and expertise in total return swap margin/collateral/settlement operations
- Proven ability to configure and utilize OMS functionalities for efficient collateral management and UMR compliance
- Proficient in Microsoft Office Suite, financial modeling tools, and experience with relevant OMS platforms
The Collateral Operations Manager role requires 5 days per week working in the midtown Manhattan office, so please only apply if you are able to travel to this location, have relevant experience for the role and are eligible to work in the United States. The salary is flexible dependent on experience, the range is $140-170k base plus bonus. If your profile matches the above criteria, please add me on LinkedIn and email me directly. Trishan Khareghat