Job description

The Collateral Middle Office is responsible for executing and monitoring margin calls and interest according to the parameters established in the contracts, with management systems varying between COMET/DRACCAR for derivatives and bond repos, APEX for bond lending/borrowing, and SFCM for equity lending/borrowing. It is also in charge of reconciling positions with counterparties, monitoring and escalating issues regarding counterparties with discrepancies or unusual counterparty behaviors, and executing and monitoring reporting, particularly MtM (Mark-to-Market) reports.Principales taches de l’équipe :

1) Capture of collateral contract terms
• Configuration of collateral contracts in management tools
• Management of the collateral contract lifecycle (amendments, closures, modifications, etc.)
• Participation in collateral contract negotiations in case of non-convergence with our standards
• Ensure completeness of configurations through reconciliations between management systems and the legal database

2) Margin call management
• Notification, confirmation and booking of margin calls in COMET for bond repos and OTC derivatives, in APEX for bond SLB and in SFCM for equity repos and SLB (NY time zone)
• Contact with Front Office to borrow securities posted as collateral
• Coordination with BO payment teams for margin call settlements
• Analysis, monitoring and resolution of payment suspense items (cash and securities)
• Analysis of collateral balances
• Coverage of non-standard collateral operations (Secured Deposits, Secured Notes, Secured Loans, etc.)

3) Controls and reconciliations
• Margin call controls: Notifications sent, amounts booked in the tools
• Margin call reconciliation
• Implementation of regulatory reconciliations in management tools for uncleared OTC Derivatives (COMET/Trioptima)
• Execution of portfolio reconciliations in Trioptima and EXCEL (regulatory and in case of margin call disputes)
• Investigation of significant MtM variations and breaks identified in reconciliations (MtM or inventory discrepancies)
• Daily reporting and monitoring of discrepancies and disputes detected

4) MtM Reporting
• Sending of MtM reports for NY time zone clients (Daily, weekly or monthly)
• Monitoring of DFA daily marks operations/clients
• Management of audit requests on market operations

5) Projects, processes and procedures
• Participate in improvement projects in collaboration with Paris teams (including UAT)
• Formalize and document the various processes

6) Transverse
• Reporting activities (Internal–KPI, KRI – External to regulatory authorities/Market surveys)
• Incident reporting process
• Business development: provide opinions/analyses on NAPs, participate in UATs (system upgrades, new products, etc.)
• Management of requests received from clients/other CACIB departments and escalation of any atypical request/situation

Salary Range: $100k - $120k

#LI-DNI

Complément

Management and Reporting
Reports to the Head of Collateral Team
Key Internal Contacts
Legal Department, Back/MO Office, Front Office, MaM, Risks, IT Teams.
Key External Contacts
Clients' collateral departments (Banks, Hedge Funds, Insurances, Corporates)
Competencies Required
English (French is a plus)
Experience with collateral processes required.
Understanding of Reconciliations preferred
Skills & Knowledge Required
Client Relationship management
Strong Verbal and written communication skills
Strong knowledge of Excel
Skills & Knowledge Preferred 
Understanding of Legal issues and legal documentations pertaining to Collateral
Understanding of derivatives /repos equity activity
Capacity to cooperate / ability to propose improvement